Crypto Express

06/17 06:41

Are short-term whales quietly exiting as PEPE test

Are short-term whales quietly exiting as PEPE tests its critical support?

Are whales beginning to exit as PEPE stalls below range highs?

PEPE whale offloaded $6.52M worth of PEPE, with a cost basis of $0.00000832

Will more whales follow suit if the support breaks?

A month ago, PEPE’s drop to $0.000007 triggered a sharp accumulation phase, igniting a 36% rally that propelled the price to a four-month high. 

Despite a recent cooldown, the memecoin remains around 57% from that peak, keeping a large portion of participants in the green. With 87% of its supply held by the top 1% of addresses, it’s clear that whales are still sitting on healthy unrealized profits.

However, that also raises the stakes. At the time of writing, PEPE’s structure was leaning on a fragile support zone. And, if it gives way, profit-rich whales could start offloading. Not out of fear, but to lock in gains before FOMO fades

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