Are You Interested in $PEPE ? Your Great-Grandfather Has Some Important News! 🐸🔥
If you're following PEPE, there are a few developments worth knowing before making your next move.
🐋 1. Whale Activity: According to data published on November 12, 47 large wallets withdrew approximately $34.7 million worth of PEPE from exchanges over one week, compared to deposits worth $17.8 million. That's a net outflow of around $16.9 million. However, during the final 24 hours of the report, deposits exceeded withdrawals by approximately $4 million.
📉 2. Notable Selling Pressure: On November 12, PEPE dropped approximately 14%, reaching $0.00000456. Futures liquidations also reached around $2.62 million, with most of the liquidated positions being LONG trades.
🐸 3. Justin Sun-Linked Holdings: Arkham data published on October 27 indicated that wallets linked to Justin Sun held approximately $51.25 million worth of PEPE, representing around 2.82% of its total supply.
What am I watching now?
For me, the important thing isn't simply seeing large numbers in whale transactions. I want to know whether we're witnessing genuine accumulation or whether some large wallets are preparing to sell.
I'm watching $0.00000450 as support. A recovery above $0.00000485, followed by a break above $0.00000500, would be a positive signal worth watching.
Now I want to hear your opinion: Do you think PEPE is preparing for a new recovery, or are the whales still controlling the direction of the market? 🐸
#PEPE #CryptoNews #cryptotrading
If you're following PEPE, there are a few developments worth knowing before making your next move.
🐋 1. Whale Activity: According to data published on November 12, 47 large wallets withdrew approximately $34.7 million worth of PEPE from exchanges over one week, compared to deposits worth $17.8 million. That's a net outflow of around $16.9 million. However, during the final 24 hours of the report, deposits exceeded withdrawals by approximately $4 million.
📉 2. Notable Selling Pressure: On November 12, PEPE dropped approximately 14%, reaching $0.00000456. Futures liquidations also reached around $2.62 million, with most of the liquidated positions being LONG trades.
🐸 3. Justin Sun-Linked Holdings: Arkham data published on October 27 indicated that wallets linked to Justin Sun held approximately $51.25 million worth of PEPE, representing around 2.82% of its total supply.
What am I watching now?
For me, the important thing isn't simply seeing large numbers in whale transactions. I want to know whether we're witnessing genuine accumulation or whether some large wallets are preparing to sell.
I'm watching $0.00000450 as support. A recovery above $0.00000485, followed by a break above $0.00000500, would be a positive signal worth watching.
Now I want to hear your opinion: Do you think PEPE is preparing for a new recovery, or are the whales still controlling the direction of the market? 🐸
#PEPE #CryptoNews #cryptotrading
