This article is a widely edited article, written and provided by Clickout Media. It does not represent the position of Dongzhong. This article involves tokens related to Memecoins, which may have extremely high volatility risks , and is not investment advice. See the liability warning at the end of the article for details.
In the past seven days, PEPE coin price has fallen by 8.62% and is currently trading at $0.000018 , with a market capitalization of approximately $ 8.03 billion. Despite the price decline, trading volume remained strong at $ 2.84 billion, indicating that there is still some interest in the token. However, market sentiment turned cautious, with investors adopting a more wait-and-see approach.
Whale trading trends disturb the market
The recent price fluctuations of PEPE currency are mainly due to the operation of a giant whale. The whale recently sold a total of 13.02 billion PEPE tokens, including a single sale of 7.407 billion, cashing out US$ 1.53 million. As of now, the whale still holds 324.1 billion PEPE , worth approximately US$ 64.1 million.
This transaction brought the whale a profit of US$ 68.3 million, equivalent to a return on investment of 12.6 times. This operation once again highlights the huge influence of whale in the meme currency market. At the same time, the whale capital flow shows that it has adopted a "partial profit, part position" strategy, with the intention of continuing to influence the market.
Technical Analysis: PEPE Coin Price Trend
Currently, the price of PEPE coin is in the consolidation range of $0.00002034 , and technical aspects show that it may break out at the $0.00004 level, which would be a 68% increase from the current price . According to the consolidation pattern, market demand is accumulating.
- MACD Indicator: Showing a recent bullish crossover signal, hinting at a potential price breakout.
- Relative Strength Index ( RSI ): Currently at 50.29 , it is in neutral territory, indicating that prices may rise amid increased buying pressure.
However, PEPE coin needs to break through key resistance levels to ensure that bulls regain control of the market. Once a breakthrough is achieved, trading volume and market attention will further increase; otherwise, the market may continue to consolidate or even experience a trend reversal.
As the price dropped, PEPE coin user participation decreased significantly. According to the data, the number of active addresses fell by 25.55% , new addresses fell by 27.01% , and zero-balance addresses fell by 33.86% in the past seven days . This shows that price fluctuations have a significant impact on user participation. Past data shows that the number of PEPE active addresses is highly correlated with price increases. However, the recent decline in participation may indicate that market momentum is weakening and investors are less interested in the token.
Market sentiment turns bearish
Against the background of weakening market sentiment, traders are more likely to take short ( Short ) positions. According to PEPE coin long / short ratio data, short pressure continues to increase, reflecting traders’ quick reaction to recent price fluctuations.
Frequent and dramatic changes in sentiment between bulls and bears indicate a strong focus on short-term gains. This emotional instability may further exacerbate PEPE coin price volatility, especially in the current lack of stable and favorable conditions.
Although PEPE coin is full of opportunities, its high price volatility and lack of practical application scenarios also bring potential risks to investors. Especially when the speculative craze subsides, some meme coins may face severe price fluctuations. 
Its upgraded project, Pepe Unchained, said that it is trying to occupy a place in the meme currency market by relying on innovative technology and ecosystem. But for investors, the key is to carefully assess risks and formulate appropriate investment strategies.
The Pepe Unchained team claims that the project raised over $ 57 million during the ICO stage.
in conclusion
PEPE price decline reveals high volatility and uncertainty in meme coin market. In the short term, the market needs to see more buying pressure to revive prices. At the same time, whale trading strategies and changes in market sentiment will continue to affect price trends. For investors, the current price correction may be a layout opportunity, but they need to pay close attention to market trends, especially changes in technical indicators and user participation. The high-risk nature of meme coins requires investors to remain cautious, allocate assets reasonably, and avoid excessive speculation.
Note: This article involves tokens related to Memecoins, which may have extremely high volatility risks, and is not investment advice.
