Crypto Whales Can't Stop PEPE Price Crash: Is $0.0000060 Next?

Despite a surge in whale accumulation, Pepe's price remains at risk of further decline. This disconnect between large holders and overall market sentiment could push the meme coin lower.

Data from Glassnode shows a 108% spike in PEPE accumulation by crypto whales over the past week. However, this buying spree paused after September 13, leaving the meme coin vulnerable to price drops. Without continued accumulation, PEPE's price may struggle to hold its current levels.

Adding to the bearish outlook, PEPE’s active addresses have significantly declined since September 14, signaling reduced user engagement and lower demand.

Currently trading at $0.0000071, PEPE has dropped 31% in the last 90 days. On-chain data suggests resistance at this level, with 8,600 addresses holding over 31 trillion tokens, creating a tough barrier to break. If selling pressure continues, PEPE could fall to $0.0000060. However, a surge in demand could reverse this trend and send prices toward $0.000010.
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