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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Pepe Coin Under Pressure: Over 1 Trillion PEPE Dumped by Whales – Is a Crash Coming?
Pepe Coin (PEPE) is facing increasing bearish pressure, with signs of a potential 50% price crash looming. Despite a modest 2.7% gain on July 9, the meme coin has dropped over 11% in the past month, trading at around $0.0000102 with a daily volume of $673 million. The most concerning signal: whales have dumped more than 1 trillion tokens in just 24 hours, raising serious red flags.
🔻 Whales Dump 1.16 Trillion PEPE in 24 Hours According to IntoTheBlock, large holders sold off more than 1.16 trillion tokens in one day, slashing their wallet balances from 647 billion to negative 521 billion. Such a massive selloff suggests a lack of confidence among whales and hints at a possible downturn.
📉 Bearish Flag Pattern Predicts Drop to $0.00000480 PEPE's price chart shows a bearish flag formation, typically seen before further declines. The pole of the flag corresponds to a previous 49% price drop, and if a similar move occurs, the price could fall to $0.00000480. The ADX indicator reflects a weakening uptrend, while CMF remains negative, indicating low buyer interest and capital outflow from the token.
⚠️ Attention Traders: Capital Might Shift to Other Meme Coins Earlier this week, meme coins like Dogecoin saw increased activity and price gains. If PEPE fails to follow suit, trader attention may shift away from it to more promising tokens.
🧠 Bottom Line: A Crash is Possible, But Not Guaranteed With bearish technicals and whale selloffs mounting, PEPE may be headed for a steep drop. However, a reversal remains possible – if whales return and start buying again, it could reignite upward momentum. 👉 Is this a bull trap or a hidden buying opportunity?
#PEPE , #pepecoin🐸 , #memecoin , #CryptoWhale , #CryptoInvesting
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