Oh, dear reader, brace yourself for a tale of woe and whimsy. The Pepe coin, that cheeky little meme token, has taken a nosedive, plummeting 17% in just 24 hours. And if that wasn’t enough to make you clutch your pearls, it’s already tumbled 28% last week. The culprits? A gaggle of greedy whales who’ve offloaded a staggering 1.1 trillion PEPE tokens. How low can it go? Well, let’s just say it’s not looking peppy. 🐸📉
Pepe Coin, once the darling of the crypto world, has been slapped silly by these whale-sized sell-offs. The price has crashed below $0.000014, and the on-chain data is as grim as a rainy Monday morning. One particularly pesky whale, with the address 0xfBfC…07Be, dumped 430 billion PEPE (a cool $6.39 million) into Binance just nine hours ago. Another, marketparticipant.eth, tossed 325.5 billion PEPE ($4.9 million) into the mix a day earlier. And let’s not forget 0xb1a2…6731, who liquidated 200.88 billion PEPE for $2.85 million in USDC over the past two days. Oh, and 0xC7ac…BE36? They’ve just added to the chaos by depositing 140.83 billion PEPE ($1.98 million) into Binance. It’s a whale of a mess! 🐋💸
Many whales have recently sold off their entire $PEPE holdings.
0xfBfC…07Be deposited 430B $PEPE($6.39M) to #Binance 9 hours ago.
marketparticipant.eth deposited 325.5B $PEPE($4.9M) to #Binance 24 hours ago.
0xb1a2…6731 sold 200.88B $PEPE for 2.85M $USDC in the past 48…
— Lookonchain (@lookonchain) January 27, 2025
As of Monday, January 27, the PEPE price is wobbling at $0.00001224, a 17% drop during U.S. trading hours. The meme coin is back in the trading range it’s been stuck in since April 8, 2024, bouncing between $0.00000633 and $0.00001461. Technical analysis suggests the next key support is at $0.00000782. If it breaks below that, we could see a 56% crash from the current level. Yikes! 📉💥
Pepe coin is in a precarious position, my friends. When the whales start selling, it’s like a stampede at a frog convention. With market sentiment as bearish as a grizzly in a bad mood, traders better keep their eyes peeled and their wallets close. 🐸💼
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2025-01-27 12:10