Whales on the Move: Is PEPE’s Support About to Go Belly Up? 🐋💔

In a shocking twist, a PEPE whale just dumped $6.52M worth of PEPE, with a cost basis of $0.00000832. Talk about a dramatic exit! 🎭
Will more whales join the exodus if the support crumbles? Grab your popcorn! 🍿

Just a month ago, PEPE took a nosedive to $0.000007, sparking a wild accumulation phase that sent prices soaring by 36%. It was like watching a toddler discover sugar for the first time! 🍭

Even with a recent cooldown, this memecoin is still about 57% above that low, keeping a good chunk of investors smiling. With 87% of its supply hoarded by the top 1%, it’s clear these whales are swimming in unrealized profits. 🐳💰

But hold your horses! PEPE is currently teetering on a fragile support zone. If it breaks, those profit-happy whales might start offloading—not out of fear, but to cash in before the FOMO train leaves the station. 🚂💨

Sure, the $0.000010 level has sparked some solid dip-buying twice, but we’re still waiting for a bounce that doesn’t resemble a sad little pogo stick. A breakdown here wouldn’t just create a fourth lower low; it could also trigger a whale profit party. 🎉

Whale Distribution: The Drama Unfolds as PEPE Tests Its Limits

Whale activity is already sending out early warning signals, like a smoke alarm in a burnt toast factory. 🔥

SpotOnChain tracked a key move where a whale deposited a staggering 595.2 billion PEPE, worth $6.52 million, into Binance. This whale secured a $1.57 million profit (+32%) after riding the last accumulation cycle. Talk about a smooth operator! 🎩

More critically, the whale’s cost basis at $0.00000832 seems to back up AMBCrypto’s theory—short-term whales are making their graceful exit as price momentum stalls near local highs. It’s like watching a magician pull a rabbit out of a hat, but the rabbit is actually a pile of cash. 🐇💵

This isn’t just random profit-taking; it’s a calculated move, coming right as PEPE struggles to reclaim its former glory. But wait, there’s a twist! The position isn’t fully closed. A whopping 104.4 billion PEPE worth $1.15 million remains in another wallet, holding $320k in unrealized gains. This is putting PEPE’s $0.000010 support under serious pressure. 💥

The next few sessions are crucial. A confirmed lower low below this level could trigger a whale rotation—not out of panic, but to preserve those tightening margins. It’s like watching a high-stakes poker game where everyone’s bluffing. 🃏

So, keep your eyes on the charts, folks. This is where the smart money decides whether to hold tight or make a run for it. 🏃‍♂️💨

2025-06-17 09:21

Whale Distribution: The Drama Unfolds as PEPE Tests Its Limits

Read More