Pepe

PEPE

PEPE crypto faces price declines as a major whale unloads tokens and nets $68.3M profit. User engagement falls, and shorts dominate sentiment. Pepe coin price seems to be caught in whirlwinds for now. 
PEPE crypto experienced a 8.62% decline in price over the past seven days.<a href="https://www.thecoinrepublic.com/2024/11/19/pepe-prices-potential-30-surge-amid-soaring-market-cap/"> </a>The memecoin <a href="https://www.thecoinrepublic.com/2024/11/19/pepe-prices-potential-30-surge-amid-soaring-market-cap/">PEPE</a>&nbsp;currently trades at $0.00002034 with a market cap of $8.03 billion. 
Trading volume remains robust at $2.84 billion, reflecting continued interest despite the downturn. PEPE ranks among the most traded meme coins, but market sentiment appears cautious. 
<h2 class="wp-block-heading" id="h-whale-moves-shake-pepe-crypto">Whale Moves Shake PEPE Crypto</h2> 
The recent sales of 130.2 billion tokens by a major&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/24/pepe-coin-can-whales-influence-liquidations/">PEPE</a>&nbsp;whale pushed in the direction of market trends. 
Prices fell sharply as this activity also included a 74.07 billion PEPE sale for $1.53 million. Having sold, the whale has a huge holding of 3.241 trillion PEPE worth $64.1 million. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="998" height="1024" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-998x1024.png" alt="Source: X" class="wp-image-851447" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-998x1024.png 998w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-292x300.png 292w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-768x788.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-150x154.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-300x308.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-696x714.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM-1068x1096.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-3.12.27 PM.png 1080w" sizes="auto, (max-width: 998px) 100vw, 998px">
 <figcaption class="wp-element-caption">
 Source: X
 </figcaption>
 </figure>
</div> 
Returning 12.6x of investment, the whale made $68.3 million in realized profit. It follows other past market surges where the whale took advantage of liquidity opportunities. 
The profit shows the power of a whale in memecoin volatility but also how keeping the market presence remains strong. 
Net flows tell us that 4 trillion PEPE entered the wallet and 765 billion PEPE exited, so there’s a long-term commitment. The whale’s calculated moves show a dual of profit-taking and holding on market influence. 
<h2 class="wp-block-heading" id="h-technical-analysis-of-pepe-coin-price">Technical Analysis of PEPE Coin Price</h2> 
The current price reflects the consolidation period of PEPE as the token oscillates at $0.000020356. 
The overall chart points to a bullish breakout at the $0.00004 level, which is 68% up from the current levels. This projection comes from the current consolidation zone, which implies that there is a buildup of demand for the token. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-1024x465.png" alt="PEPE/USD 4-hour chart | Source: Trading View" class="wp-image-851452" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-1536x698.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-150x68.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-696x316.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View-1068x485.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE_USD-4-hour-chart-Source_-Trading-View.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 PEPE/USD 4-hour chart | Source: Trading View
 </figcaption>
</figure> 
Medium-term technical signals, including the MACD, suggest a crossover implying a bullish breakout. Also, it highlights the Relative Strength Index at 50.29, pointing to a neutral zone; hence, there is potential for a price increase in the case of an increase in buying pressure. 
However, the token needs to close above the resistance zone to affirm the bulls’ control of the market. 
If the breakout happens, PEPE can get more trading volumes and attention from small and large traders. 
If resistance is not broken, we might see consolidation or possibly a trend reversal. 
<h2 class="wp-block-heading" id="h-pepe-user-engagement-falls-as-prices-sink">PEPE User Engagement Falls as Prices Sink</h2> 
Price drops translate to decreasing PEPE user activity, as recent data shows. On the active address side, the decrease was 25.55%, and on the new address side, it was 27.01%. Over the past seven days, 33.86% of zero balance addresses also declined. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="454" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-1024x454.png" alt="PEPE Addresses Stats | Source: IntoTheBlock" class="wp-image-851457" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-1024x454.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-768x340.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-1536x681.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-150x66.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-696x308.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock-1068x473.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Addresses-Stats-Source_-IntoTheBlock.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 PEPE Addresses Stats | Source: IntoTheBlock
 </figcaption>
</figure> 
Activity address correlates very strongly with price surges, which suggests there is lots of engagement with the market around rallies. 
This trend is confirmed by peaks in November 2024, corresponding to higher trading interest. But recently, pepe coin price dipped sharply, and overall participation has decreased sharply. 
On the basis of these metrics, it appears that the market momentum has slowed down due to a decline in the number of users engaging with the token. If the price doesn’t stabilize or reverse, this trend may indicate a flagging interest. This is normal in highly speculative assets like meme coins. 
<h2 class="wp-block-heading" id="h-pepe-crypto-traders-shift-positions-to-more-shorts">PEPE Crypto Traders Shift Positions to More Shorts</h2> 
As sentiment starts to transition, traders prefer short positions more, as shown in the PEPE long/short ratio chart. 
During any peak, bearish pressure is in charge when sell volume runs up against buy momentum. Traders are adjusting to take advantage of recent price volatility. 
The ratio equation shows sharp dips between bullish and bearish sentiments over very short periods of time. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="280" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-1024x280.png" alt="PEPE Long/Short Ratio | Source: Coinglass" class="wp-image-851462" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-1024x280.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-300x82.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-768x210.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-1536x420.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-150x41.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-696x191.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass-1068x292.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/PEPE-Long_Short-Ratio-Source_-Coinglass.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 PEPE Long/Short Ratio | Source: Coinglass
 </figcaption>
 </figure>
</div> 
The data indicates heightened speculation as traders react to market swings. Active participation in the very volatile PEPE market is further confirmed with notable spikes and dips. 
The way people are behaving in the market shows the market is reactive, where they’re only focused on short-term gains. The confidence was dampened by uncertainty, and the data indicates that the rise in short positions has continued. 
The post <a href="https://www.thecoinrepublic.com/2024/11/26/whale-unloads-pepe-crypto-as-price-sinks-can-this-trigger-a-retrace/">Whale Unloads PEPE Crypto as Price Sinks: Can This Trigger a Retrace?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Whale Unloads PEPE Crypto as Price Sinks: Can This Trigger a Retrace?

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 26, 2024

InsideBitcoins Rolls Out Free Poker Event on CoinPoker

Keanu Reeves Enters the Meme Coin Arena: Meet KNU

Floki Takes Valhalla to India with Ambitious Marketing Campaign

Peezy Partners with AlphaKekAI, the AI Meme Generator Used by Based Brett, Retardio, Apu, and Eth...

Bitcoin Surges Past $81,000 Amid Trump’s Victory and Pro-Crypto Political Shift

Is Crypto Mining Still Profitable for Individuals?

Join our free newsletter for daily crypto updates!