It's a suspenseful tale of trends, losses, and holder strategies, shaping where Pepe and its holders are headed next.
The data revealed a sizeable volume of approximately 2.26 trillion PEPE tokens exchanged for approximately $2.53 million.
Astonishingly, despite the substantial sum garnered from the sale, the whale grappled with a deficit exceeding $700,000, as the data illustrated. The rationale behind this maneuver remained unclear, although it’s worth noting that this particular whale had also engaged in another sale resulting in a loss.price trend, as depicted on its daily timeframe chart, has been less than impressive. Following a modest 4% surge on 1 August, the trend has steadily descended.
The confirmation of bearish sentiment for PEPE was reinforced by the Moving Average Convergence Divergence, which maintained a trend below zero. The lackluster nature of the price trend might motivate the whale to liquidate its holdings. Nevertheless, other holders opted to adopt a more patient and long-term perspective.According to Santiment’s exchange flow data, the recent weeks and months have seen a higher outflow volume than inflow. This suggested that manyAs of this writing, the recorded inflow was approximately 158 billion, whereas the outflow surpassed 425 billion.
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