- Whales dumped 150B PEPE tokens, triggering panic and selling pressure.
- PEPE price dropped 6.5%, with bearish signals dominating charts.
- Further declines possible unless buyers regain confidence and reverse the trend.
A massive sell-off has rocked the PEPE market. Whales are dumping billions of tokens, sparking fear among traders. A single whale deposited 150 billion PEPE worth $1.14 million into an exchange. Panic has spread as large holders continue to sell. The price has taken a hit, and traders are on edge. More losses could follow if this trend continues.
Whale Sell-off Triggers Market Chaos
Heavy selling has dominated the PEPE market. Blockchain data from Lookonchain shows a whale who bought 1.5 trillion PEPE tokens for just $2,184 has sold over 1.02 trillion PEPE. The liquidation totaled $6.6 million, adding to the selling pressure. Other whales followed, selling 2.95 trillion PEPE within 24 hours.
Despite a slight drop from the previous day’s 4 trillion sell-off, large holders remain aggressive. Confidence in PEPE has taken a hit as whales continue to exit. Many traders see these sales as a warning sign. Fear spreads when big players abandon a token. This creates panic and fuels further selling, making the situation worse.
Bearish Sentiment Dominates Charts
The price of PEPE has dropped significantly. A 6.5% daily decline pushed the value to $0.00000719. Weekly and monthly charts also show red, with losses of 1.2% and 3.87%, respectively. Leveraged traders are suffering. A trader holding a 10x leveraged long position has lost over $3.36 million. Bearish momentum has squeezed bullish traders, leaving little room for recovery. Technical indicators point to more downside risk.
The Relative Strength Index has formed a bearish crossover, signaling aggressive selling. This movement suggests that sellers have full control of the market. Coinglass data reveals another concerning trend. PEPE’s spot netflow turned positive, reaching $1.87 million—the highest in four days. More tokens are entering exchanges than leaving, signaling increased selling pressure. This trend suggests further declines unless buyer confidence returns.
Retail investors have joined whales in selling PEPE. This combined pressure increases the likelihood of further price drops. If sellers maintain control, PEPE could slip below $0.0000070 and test $0.0000069. A price rebound remains possible if buyers regain control. A surge in demand could push PEPE back to $0.0000073. Market conditions remain uncertain, and volatility dominates trading activity. Traders must watch for shifts in sentiment and key price levels. The PEPE market stands at a crossroads. Heavy selling continues, but a turnaround remains within reach. If confidence returns, recovery could follow. For now, caution remains the best strategy as uncertainty looms over PEPE’s future.
