Pepe Coin

Pepe

PEPE

<ul>
 <li><strong>Whale sells 114 billion PEPE, influencing market sentiment and price dynamics.</strong></li>
 <li><strong>PEPE hits 26-day low; RSI nearing oversold condition</strong>.</li>
</ul>
<p>As the cryptocurrency market continues to experience turbulence, recent activity surrounding Pepe Coin (PEPE) has captured significant attention. Despite a downturn in PEPE’s price, a substantial whale transaction suggests potential bullish momentum.</p>
<p>On-chain data tracking platform <a href="https://x.com/lookonchain/status/1801878645591646450" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> reported that a significant PEPE trader capitulated, selling all 114.7 billion PEPE for 366.5 <a href="https://thenewscrypto.com/ethereum-sees-record-long-term-holder-accumulation-amid-price-dip/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> (approximately $1.27 million) at a breakeven price. The trader had initially purchased the 114.7 billion PEPE for $1.27 million at $0.000011 on May 14 and May 15.</p>
<p>This particular sell-off may have contributed to the recent price decline, shaking investor confidence. However, such a substantial transaction can also indicate a potential market bottom, as capitulation by a major holder might precede a price <a href="https://thenewscrypto.com/solana-sol-price-struggles-to-break-resistance-zone-amidst-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">rebound</a>.</p>
<p>The price of PEPE surged to $0.000017 on May 27, at which point the trader’s profit was $670,000, a 50% increase. However, the trader did not sell at this profit peak. Subsequently, PEPE’s price began to decline, eventually falling below the breakeven point, prompting the trader to sell all his holdings.</p>
<p>Yesterday, PEPE hit a 26-day low of $0.00001057. Currently, PEPE is down 0.57%, trading at $0.00001199. Over the past week, it has declined by 6.59%. Notably, PEPE reached its all-time high 19 days ago, which is 30% higher than its current price.</p>
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<h3 class="wp-block-heading" id="h-whats-ahead-for-pepe">Whats Ahead For PEPE?</h3>
<p>Currently, PEPE is trading at $0.00001198 with a 0.58% decline and the trading volume is up 21.29%. The three major resistance levels for PEPE stand at $0.00001530, $0.00001722, and $0.00002072, while the support level is at $0.00001192.</p>
<p>The daily Relative Strength Index (RSI) is at 46, indicating that the coin is nearing oversold conditions. As <a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=BINANCE%3APEPEUSDT" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> continues to navigate through this volatile period, market watchers are keenly observing any signs of a potential rebound.</p>

How Will the 114 Billion PEPE Dump Impact Its Future?

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