- Whale Sell-Off Triggers Panic: A massive whale dumped over 723.67 billion PEPE tokens (~$7M), sparking a chain reaction of sell-offs and raising concerns among retail investors.
- Big Players Join the Exit: Institutions like Cumberland and B2C2 moved a combined 410 billion PEPE tokensto exchanges, increasing supply and adding downward pressure on price.
- Mixed Technicals, Rising FOMO: Despite a recent 16% price bounce, PEPE remains below key resistance levels. Technical indicators stay bearish, but some traders are feeling FOMO after the short-term rebound.
Pepe Coin (PEPE) just took another rollercoaster ride—and it wasn’t the fun kind. Whales, apparently spooked or maybe just cashing out, unloaded over 1 trillion PEPE tokens in a single day—yeah, that’s about $7 million worth. Retail folks? They’re watching nervously from the sidelines.
Whales Trigger Sell-Off As Market Shakes
According to Lookonchain, shared April 9, one particularly massive wallet dumped 723.67 billion PEPE, swapping it for 4.63 million DAI. That one move alone seems to have spooked the herd, ‘cause shortly after, other big wallets started offloading too.
Meanwhile, PEPE managed to climb 16% to $0.000006951 in the last 24 hours—trading volume also shot up over 80%. But don’t be fooled—the day’s low hit $0.000005814, so yeah, volatility is real. And get this: PEPE’s down 70% since January’s high of $0.00002. Ouch.
Throw in macro pressures (cheers, rising U.S. tariffs), and the market’s already uneasy. Confidence? Pretty wobbly. Supply? Definitely up. And that combo’s not exactly bullish.
Big Names Are Moving Big Bags
Cumberland and B2C2, two major institutional players, also tossed PEPE into the fire. Cumberland shoved 247 billion tokens onto Robinhood. B2C2? Another 163 billion tokens landed on Binance. Combined, that’s 410 billion PEPE tokens flooding liquidity pools.
And this wasn’t a one-off. Several wallets joined the exodus—so it looks like more than one whale saw this as the exit ramp. If you’re a retail trader watching those kinds of moves, it’s hard not to get a little antsy.
Tech Charts Not Looking So Hot
From a technical standpoint, PEPE is… well, not doing great. The price dipped below a key support at $0.0000065, and the new low at $0.000005814 isn’t helping.
The RSI shows no bullish divergence, and PEPE is stuck beneath both its 50-day and 200-day moving averages. Translation? The bears are running the show. There’s also a nasty descending resistance line that’s been pressuring the coin since mid-March.
So far, no bounce. Volume bars are red, wallets are less active, and new addresses? Dropping.
A Glimmer of Hope—or FOMO Fuel?
Not everyone’s throwing in the towel. Crypto analyst Chandler says sentiment may be turning around, pointing out that PEPE briefly rebounded to $0.0000068791 after some sideways consolidation.
He says traders are starting to flip from “shoulda sold” to “missed the bottom.” That good old FOMO might be back, at least for now.
Still, even if that bounce looks strong, caution’s warranted. There’s a good chance of profit-taking kicking in fast, especially with global markets still teetering on edge.
