
PEPE Faces Price Drop Risks amid Whale CEX Deposit
PEPE has shown signs of bullish consolidation in a classic flag formation after a strong rally, but growing whale activity and weakening technical indicators suggest caution.
1H
-0.38%$0.0000
24H
2.60%$0.0000
7D
-3.56%$0.0000
30D
-18.8%$0.0000
PEPE has shown signs of bullish consolidation in a classic flag formation after a strong rally, but growing whale activity and weakening technical indicators suggest caution.
PEPE plunged 11% in the last 24 hours, wiping out over $650 million in market cap as a major whale deposit on Binance sparks sell-off fears.
PEPE has recorded a 50% jump in trading volume as popular trader James Wynn reopened a leveraged long position on PEPE using 10x leverage.
PEPE surged 10%, reaching $0.00000869 amid whale accumulation, with a crypto whale withdrawing 2 trillion PEPE coins from Binance over the past week.
Blockchain analytics firm Nansen attributes the rally to significant participation from “smart money” wallets, with $14.2 million in inflows over 30 days.
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