$PEPE Whale Books $30 Million Profits, Price Crash Ahead? - CoinPedia Analytics

Pepe (PEPE), the third-largest meme coin, is likely to face a price crash as whales have booked over $30 million in profits recently. Profit-taking and a 70% drop in whale transactions over $100,000 indicate waning interest from traders and investors, which could lead to a further decline.

At press time, PEPE trades around $0.0000071, down 6% in 24 hours, with a 65% increase in trading volume, signaling more participation. The coin's bearish technical setup shows it trading below the 200 EMA, with a head-and-shoulders pattern hinting at a potential 20% drop if it closes below $0.00000644.

If PEPE holds above this level, the bearish outlook may not materialize.