PEPE Price- PEPE Coin Risks Breakdown as Whales Start Taking Profits
PEPE Price– A month ago, PEPE’s price bounced sharply from $0.000007, rallying 36% and reaching a four-month high. This move was triggered by strong accumulation, with investors jumping in after a significant dip. Although the price has since cooled off, PEPE still trades around 57% above its previous low—keeping most holders in profit.
Notably, 87% of PEPE’s total supply is held by the top 1% of wallets. While this indicates strong whale conviction, it also creates risk. The current price structure leans heavily on the $0.000010 support zone. A failure to hold this level could lead to a wave of profit-taking from large holders—not necessarily out of fear, but to secure gains before buying interest fades.
Whales Start to Distribute as Price Momentum Slows
Recent on-chain data shows early signs of distribution. According to SpotOnChain, one whale recently moved 595.2 billion PEPE (worth $6.52 million) to Binance, realizing a $1.57 million profit (+32%) after accumulating during the last dip.
This whale’s cost basis at $0.00000832 supports the view shared by AMBCrypto: short-term whales are exiting positions as upward momentum stalls. The exit isn’t total, though. The same whale still holds 104.4 billion PEPE (worth $1.15 million), with about $320K in unrealized gains.
This lingering position puts additional pressure on the $0.000010 support. If it breaks, PEPE could see a fourth consecutive lower low—a technical sign of a deepening downtrend, possibly accelerating further profit-taking.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
