Pepe (PEPE), the frog-themed meme cryptocurrency that captured the market’s imagination earlier this year,
is now teetering on the edge of a deeper downturn. On-chain metrics reveal that major whale wallets are
unloading significant PEPE stakes, triggering alarm bells among traders and analysts alike.
Whale Capitulation Signals Growing Downside
In recent days, several eight-figure PEPE transfers have hit exchanges, suggesting that long-time
supporters are cashing out. This mass exit has pushed the token’s liquidity toward a critical threshold,
with total exchange inflows spiking by more than 40% week-over-week. As whales continue to offload,
retail traders may follow suit, amplifying downward momentum.
Technical Outlook: Macro Reversal Pattern Emerging
Technical charts show PEPE forming what appears to be a classic head-and-shoulders formation on the
daily timeframe. The neckline—currently around $0.0000205—has already been breached, and the token
is testing new support near $0.000018. The relative strength index (RSI) sits in neutral territory,
suggesting there’s still room for sellers to dominate before a meaningful bounce can occur.
Price Target and Trader Strategies
Market analyst Aksel Kibar warns that PEPE could slide toward $0.0000146 if selling pressure persists.
“We’re witnessing a potential macro reversal that could drive price targets below the $0.000015 mark,”
Kibar noted, pointing to the head-and-shoulders projection as the basis for his forecast.
Short-term traders should keep a close eye on the $0.000017 support level. A sustained break below
that point could accelerate liquidations, while a stabilization above it might attract bargain hunters
looking for a quick rebound. Longer-term investors may want to wait for confirmation of a solid base—
ideally on higher volume—before reentering positions.
Looking Ahead
As top whales continue to capitulate, the risk-reward profile for PEPE remains skewed to the downside.
Market participants will be watching exchange balances, funding rates, and momentum indicators for signs
that sellers are exhausting themselves. Until then, the meme token’s bull run appears to be on hold,
with a deeper correction looming on the horizon.