- A whale sold 430B PEPE coins, causing a 14.14% price drop.
- PEPE is now 48% below its post-election peak, triggering concerns about its future.
- More sell-offs from whales could signal further trouble for PEPE’s recovery potential.
PEPE’s market value recently dropped by 14.14%, thanks to a massive sell-off. A whale dumped 430 billion PEPE coins, worth $6.39 million. This move left many wondering about the future of this memecoin. At $0.0000133, the coin now sits 48% lower than its post-election peak. Could this sell-off mark the end of the road for PEPE, or is there a chance for a comeback?
Whale’s Sell-off Sends Shockwaves Through the Market
Memecoins like PEPE draw in investors looking for quick profits, often due to their low price. The real action comes when trillions of coins change hands. In a bull market, this can cause prices to surge. However, in a bear market, the opposite happens.
PEPE’s 20% drop over just two days highlights the risks involved. When whales start unloading, the market feels the impact. The price of Pepe Coin has dropped sharply, but it’s not over yet. If more coins enter the red zone, further declines could follow, putting millions of dollars at risk.
Will PEPE Recover or Fade Away?
Whales are already reducing their positions. Since the election cycle, the top 10 PEPE holders have cut their holdings by 16.74%. With the price at $0.0000133, there’s a long way to go before reaching previous highs.
Futures data reveals that $7.83 billion in long positions were wiped out, and Open Interest has fallen by 17%. If more whales continue to cash out, PEPE’s prospects could dim. A flood of liquidity could soon hit the market.
Predicting a PEPE recovery is tough with fewer whales supporting the coin. Without re-accumulation, the outlook remains unclear. As billions are on the line, traders should proceed with caution. Will PEPE rebound, or is the end near? Only time will tell.
