- Pepe has declined by 1.51% over the past 24 hours.
- A whale has sold 217 billion PEPE tokens worth $4.54 million.
Over the past seven days, Pepe [PEPE] has seen significant gains, rising by 13.07%.
These increases have significantly improved the profitability for both long-term and substantial investors. As a result, many investors, especially the big ones known as “whales,” have seized the moment to realize their earnings.
As reported by SpotOnChain, a savvy digital whale unloaded approximately 217 billion Pepe tokens valued at around $4.54 million via Kraken. Following the transaction, this whale pocketed a profit of about $767,000. Even after selling these tokens, the whale retains control over an impressive 1.21 trillion Pepe tokens worth approximately $25.1 million, spread across two different digital wallets.
Typically, when whales start selling, they are either maximizing profit or avoiding losses.
Impact on Pepe charts
Just as anticipated, heightened trading actions have resulted in a downward trend for the price of Pepe. Currently, it’s being traded at $0.00002049, representing a 1.51% decrease on today’s market graphs.
It’s important to point out that while whale activity may be a contributing factor, the overall market sentiment remains negative or bearish.
Initially, it’s clear that there’s a downtrend indicated by a ‘bearish cross’ occurring on the Directional Movement Index (DMI) recently, approximately 48 hours ago. This bearish cross indicates an increasing negative trend or momentum for the memecoin.
The decrease in the Advance-Decline Ratio (ADR) also supports this downward trend. When the ADR falls below 1, it’s a sign that the memecoin is facing more losses than gains, indicating potential price decline.
Furthermore, the sentiment of the meme coin is heavily skewed towards negativity. This indicates that unfavorable opinions about it outnumber favorable ones in the market.
Delving deeper into the investment landscape, I find myself noticing an interesting trend: A significant portion (approximately 55%) of active investors appear to be adopting a strategy where they sell assets with the expectation of buying them back later at a lower price, often referred to as short selling. This suggests that there is a high level of pessimism or skepticism among these investors regarding the market’s future direction.
In this market, it appears that short sellers have a significant influence, suggesting that many traders expect the prices to fall even more, as they tend to be pessimistic about the current trends.
As a crypto investor, I’ve noticed that the stock-to-flow ratio of Pepe’s memecoin has hit zero, signaling an excess supply in the market. This might mean that there’s more Pepe coins available than what’s needed, which could potentially lead to a decrease in prices due to increased selling pressure.
Read Pepe’s [PEPE] Price Prediction 2025–2026
Essentially, while the memecoin has experienced some positive growth recently, it hasn’t shown convincing signs of a full-scale price rebound. Following the previously discussed whale transaction, there’s been more selling activity than buying, giving rise to bearish market conditions.
Consequently, should these conditions be met, Pepe might decrease to 0.000019. But if there’s a change in trend with sellers exiting and buyers entering, the memecoin could potentially rise back to 0.000021.
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2025-01-07 14:47