PEPE Whale Holdings Climb to All-Time High: Price Impact

Pepe Coin: Price Decline Presents Accumulation Opportunity

The recent downturn in the meme market has taken its toll on Pepe (PEPE), with the value dropping by 22% over the past month. Currently trading at $0.000011, PEPE has drawn attention from whales who see the lower price as a buying opportunity.

Whale Accumulation

An analysis of Pepe whale activity reveals a surge in accumulation from investors holding between 100,000 and 10,000,000 tokens. This group now controls 71,439 PEPE tokens, increasing their holdings by 3% in the past week.

Increased Demand

Complementing this whale accumulation, the meme coin has experienced a general increase in demand. Daily active addresses have increased by 105% in the past seven days, while the count of new addresses created for trading PEPE has risen by over 300%.

Bias Remains Bearish

Despite the increased whale activity, the bearish sentiment surrounding PEPE remains significant. The Directional Movement Index (DMI) indicates that the downtrend is stronger than any upward price movement, suggesting a continuation of the bearish trend.

Price Predictions

If the current decline continues, PEPE could fall to $0.000010. However, a reversal in trend could drive its value up to $0.000012.