- A whale sell-off raised questions about PEPE’s market direction despite consolidation.
- Declining active addresses and reliance on whales highlighted challenges for PEPE’s sustainability and growth.
Pepe’s [PEPE] latest whale activity has stirred significant discussion, as 325.48 billion tokens, valued at $4.9M, were sold on Binance. The whale strategically accumulated the tokens over 10 months, earning a $1M profit.
At press time, PEPE traded at $0.00001498, marking a slight 0.09% decline in the last 24 hours. This sale has raised speculation about potential market shifts and the token’s trajectory moving forward.
Contents
Can PEPE break free from the falling wedge?
PEPE’s price currently consolidates within a falling wedge, a structure that often precedes bullish reversals.
However, the token has struggled to surpass the critical resistance level at $0.00001687, keeping upward momentum at bay.
Additionally, the Relative Strength Index (RSI) rested at 38.41, signaling oversold conditions that could attract buyers.
Therefore, while the wedge suggested a possible breakout, the token must overcome sustained selling pressure to achieve a reversal.
Source: TradingView
How Trump’s memecoin buzz impacted PEPE
Social media trends continued to play a crucial role in PEPE’s performance. Recent attention to Donald Trump’s memecoin initiatives has amplified interest in meme tokens, including Dogecoin and PEPE.
Additionally, Elon Musk’s support of Dogecoin added momentum to similar coins in the sector. Social media data showed that PEPE received 31.23K mentions this week, underscoring its strong presence among memecoins.
Therefore, these macro trends and endorsements may provide a foundation for future growth, despite ongoing market uncertainty.
Declining active addresses raise concerns
The latest address statistics for the memecoin revealed a notable decline in participation. Active addresses dropped by 32.24% over the last week, while new addresses fell by 30.26%.
This trend highlights weakening retail engagement, which could reduce liquidity and trading activity.
However, increased retail participation could still reverse these declines and strengthen the token’s market position. Therefore, PEPE must leverage social media and marketing efforts to attract more investors and users.
Source: IntoTheBlock
Large transactions offer cautious optimism
Despite the overall decline in activity, large transactions remained 3.50% bullish. This trend reflected continued confidence from whales, who continued to trade significant volumes.
Additionally, the presence of whales suggested that major holders still see value in the token.
However, relying solely on whales creates vulnerability, as excessive concentration of holdings can destabilize the market.
Therefore, broadening adoption and increasing retail engagement remain essential for sustainable growth.
Source: IntoTheBlock
Will PEPE rebound or continue to decline?
PEPE has the potential for a rebound if key factors, such as breaking the falling wedge and reigniting retail interest, align effectively.
Read Pepe’s [PEPE] Price Prediction 2025–2026
However, its recent decline in active addresses and reliance on whale activity raise concerns about its ability to maintain momentum.
Ultimately, its future hinges on its ability to capitalize on macro trends and address participation challenges. Without these changes, the token may continue to face downward pressure.
Discover more from Realwinner Tips
Subscribe to get the latest posts sent to your email.
