Whales Gobble PEPE as Price Dives 5%—Is This the Dip Before the Rip?
PEPE takes a 5% nosedive amid surging volume—but crypto's smart money isn't running for the exits.
While retail panics, whale wallets are loading up. The classic 'blood in the streets' play—because nothing says 'sound investment' like following the guys who rug-pulled their last three projects.
Will this be the meme coin's redemption arc? Or just another chapter in crypto's favorite casino game? Place your bets.
Technical Analysis Overview
Price action during the session was defined by sharp swings and clear levels of resistance and support. PEPE consistently failed to break through the $0.000014150 range, forming a ceiling that turned buyers away multiple times.
On the downside, the $0.000013 mark acted as a floor where prices repeatedly bounced back.
The most intense selling came as hourly volume spiked, suggesting forced exits and large-scale profit-taking. But by session close, steady buy-side activity, averaging 300 to 400 billion tokens per hour, hinted at a potential rebound.
While the rally lost steam, the underlying trading behavior reflects a pattern familiar in memecoin markets: hype-driven surges followed by sharp corrections, with long-term holders seizing volatility as an entry point.
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.
