Pepe Coin Price Stagnates Amid Cautious Market: Realized Profit/Loss Hits ATH
range after the recent drop from $0.00000988 local high. For the last three days, there has been a great struggle between bulls and bears for supremacy. PEPE price is currently stuck, ranging between $0.00000900 and $0.00000700, but not for long, as on-chain metrics signal investors may be preparing for a potential move soon.
Whale Accumulating as Pepe Coin Price Stagnates
Data from Santiment shows PEPE deposit transactions hit a one-year low while the price is consolidating, indicating that fewer investors may be moving funds into PEPE, which can be a sign of reduced confidence or interest.
PEPE deposit transactions
Additionally, the consolidation in price, combined with low deposit activity, might reflect uncertainty in the market. Investors could be waiting for clearer signals before making any moves.
The reduced deposit transactions during price consolidation could indicate long-term holders’ accumulation of PEPE the asset quietly, waiting for a Pepe coin price potential breakout, as data from IntoTheBlock shows.
Between August 28 and 29, large holders’ netflow increased sharply from 1.16T PEPE ($8 million) in outflows to 1.83T PEPE ($14 million) in inflows.$PEPE
