Pepe Defies Whale Exodus: Golden Cross Emerges Amid Smart Money Sell-Off
Memecoin’s technical breakout clashes with big players cashing out—because nothing says ’healthy market’ like whales dumping while retail FOMO kicks in.
Golden cross? More like fool’s gold for the degens still betting on a ’fundamental’ Pepe rally. The chart might be flashing green, but the smart money’s already headed for the exits—classic crypto theater.
Pepe whales | Source: Santiment
More data by Nansen shows that smart money investors have been reducing their holdings in the past few months. These investors hold 244 billion worth of Pepe, down from 380 billion a year earlier.
Nansen defines smart money investors as sophisticated and highly experienced holders who have demonstrated substantial success over time. These investors are normally quick to spot trend reversals.
There are also concerns that Pepe balances on exchanges has started rising. There were 252.9 trillion Pepe coins on exchanges on Saturday, up from this week’s low of 251.3 trillion.
An increase in these balances is often a red flag since it signals that more investors are moving them from self-custody and selling.
Pepe price technical analysis
On the positive side, Pepe has strong technicals, which could draw smart money and whales. The daily chart shows that it is about to form a golden cross pattern as the 200-day and 50-day Exponential Moving Averages NEAR their crossover. This crossover often leads to more gains in the long term.
Pepe has also formed a rounded bottom pattern, which often leads to a continuation. Therefore, these technicals point to more gains in the coming weeks. A MOVE above this week’s high of $0.00001625 will confirm more gains, potentially to a record high of $0.00002840.
