PEPE Plunges 6% as Market Bleeds—But Whales Are Gobbling Up the Dip
PEPE takes a hit amid broad crypto sell-off, yet deep-pocketed investors see opportunity in the chaos.
Whales on the Move
While retail panics, major holders are accumulating—loading up on PEPE as prices slide. They’re betting the meme coin’s slump is temporary, not terminal.
Market Jitters or Buying Opportunity?
Traditional finance might call this recklessness—but in crypto, red just means ‘discount season’ for those with conviction and capital. Sometimes the smartest move is buying when everyone else is too busy hyperventilating.
Technical Analysis Overview
PEPE’s price action pointed to a market in retreat, according to CoinDesk Research's technical analysis data model. The token dropped from $0.000011484 to $0.000010782, with sellers dominating the chart.
Price peaked at $0.000011732 during a resistance test, but volume swelled to 5.5 trillion tokens at that level, before the market ultimately turned lower.
Support showed signs of buckling during the next phase, with the token brushing against $0.000010746. Trading activity intensified again, hitting 7.7 trillion tokens and reinforcing bearish sentiment.
The cryptocurrency’s price whipsawed within a 9% intraday range, a sign that traders remain unsure whether support levels are going to hold.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
