PEPE Whale Selling Pressures Price as Technical Signals Diverge
Whales holding 10 million to 100 million PEPE tokens have sold 80 billion tokens since late August, weighing on the meme coin's price action. PEPE has traded in a narrow range around $0.00000348–$0.00000499 this week, with overbought technicals and resistance at the 200-day moving average raising questions about near-term sustainability.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Whale Distribution and Price Pressure
Large PEPE holders have liquidated 80 billion tokens since August 25, according to blockchain data cited by CoinJournal. Wallets holding between 10 million and 100 million PEPE have been the primary sellers. The sustained offloading has coincided with PEPE failing to hold gains above its 200-day exponential moving average, leaving the token vulnerable to a test of lower support levels.
Technical Resistance and Near-Term Risk
PEPE rallied nearly 25% on September 21, briefly trading near $0.00000499 as it cleared a major resistance level, per Crypto.news data. However, the 4-hour relative strength index reached overbought conditions on that rally, signaling heightened pullback risk over a 24-72 hour window. CoinJournal's analysis suggests that a close below $0.00000313 could trigger a deeper correction toward $0.00000230. The token has since retreated to trade near $0.00000348, well below the September 21 high.
Supply Dynamics in a Crowded Market
The combination of large holder exits and technical exhaustion reflects broader uncertainty in the meme coin sector. While individual whale sales alone do not determine price direction, the scale of the 80 billion token liquidation—coupled with rejection at a key moving average—suggests reduced demand at current levels from holders with significant skin in the game.
Why It Matters
For Traders
PEPE rejection at 200-day EMA and overbought 4-hour RSI suggest short-term pullback risk; break below $0.00000313 could accelerate downside toward $0.00000230.
For Investors
Large-holder liquidation of 80 billion tokens since August signals weakening conviction among sophisticated market participants in a high-volatility token.
For Builders
PEPE concentration and whale exit patterns highlight liquidity fragility in meme coins and the risks of tokens with uneven holder distribution.
This article is for information only and is not financial advice. Read the full disclaimer.
