Whale Transfers $4.2 Million PEPE To Binance – Selling Pressure Ahead?
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Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance, indicating possible selling pressure ahead. This move coincided with a breach of a critical support level at $0.00001075, further contributing to PEPE's price decline.
The whale previously withdrew 795 billion PEPE tokens from Binance, making $2.55 million. Currently holding 396 billion PEPE, the whale's total profit stands at $5.85 million with a 230% ROI.
As of the latest updates, PEPE is trading at $0.00001051, showing a 7.5% decline over the past 24 hours. Despite this, trade volume jumped by 14%, showing increased market activity. Technical indicators suggest a pessimistic view, forecasting a possible 20% short-term price collapse.
The technical study identifies major liquidation thresholds for PEPE between $0.000010 and $0.0000118. Although the market sentiment remains bearish, longer-term projections for PEPE are optimistic, with expected gains of 249.99% over three months and 169.42% over one year.
Ultimately, the combination of whale movements, technical signals, and market sentiment will significantly influence PEPE's trajectory. While facing short-term challenges, the long-term outlook remains robust for the meme coin.
Source: www.newsbtc.com ↗
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