PEPE Coin Faces Potential 56% Drop as Whales Sell 1.1 Trillion Tokens
PEPE is under significant bearish pressure as whales sell over 1.1 trillion $PEPE , signaling further market instability and potential price declines.
Major Whale Sells Push PEPE Below Key Support Levels
Currently, PEPE is trading at $0.000012 after a 17% drop in the last 24 hours. This drop comes after a 28% loss over the past week. The main reason behind this continued decline is the heavy selling pressure from whales.
On-chain data reveals several significant transactions:
A whale with the handle 0xfBfC…07Be moved 430 billion PEPE (worth $6.39 million) to Binance in the past 9 hours.
Another whale, identified as market.eth, moved 325.5 billion PEPE (worth $4.9 million) to Binance 24 hours ago.
Wallet 0xb1a2…6731 sold 200.88 billion PEPE for 2.85 million USDC over the past two days.
Another whale, 0xC7ac…BE36, deposited 140.83 billion PEPE (~$1.98 million) on Binance just two hours ago.
These massive sales threaten the stability of the Baby coin price as the market faces increasing selling pressure due to the influx of tokens
PEPE is under significant bearish pressure as whales sell over 1.1 trillion $PEPE , signaling further market instability and potential price declines.
Major Whale Sells Push PEPE Below Key Support Levels
Currently, PEPE is trading at $0.000012 after a 17% drop in the last 24 hours. This drop comes after a 28% loss over the past week. The main reason behind this continued decline is the heavy selling pressure from whales.
On-chain data reveals several significant transactions:
A whale with the handle 0xfBfC…07Be moved 430 billion PEPE (worth $6.39 million) to Binance in the past 9 hours.
Another whale, identified as market.eth, moved 325.5 billion PEPE (worth $4.9 million) to Binance 24 hours ago.
Wallet 0xb1a2…6731 sold 200.88 billion PEPE for 2.85 million USDC over the past two days.
Another whale, 0xC7ac…BE36, deposited 140.83 billion PEPE (~$1.98 million) on Binance just two hours ago.
These massive sales threaten the stability of the Baby coin price as the market faces increasing selling pressure due to the influx of tokens