PEPE, a frog-themed project, stands out in the meme coin space. Although the overall trend of the market is in favor of bears, the activity of its large holders has been unusually significant. The project’s whale holdings have reached an all-time high, demonstrating continued interest from large-scale market participants. Despite the recent market pullback, continued increases in whale holdings signal potential for price volatility ahead.

Over the past month, the price of PEPE has fallen by 22% and is currently trading at around $0.000011. However, increased whale activity, a 105% increase in daily active addresses, and a 300% increase in new addresses all indicate that market interest in PEPE is picking up. According to technical analysis, the coin has potential support and resistance levels, and it is expected to rebound to $0.000013 in the near future.

Moreover, PEPE’s relative strength index (RSI) shows that it is entering the oversold territory, which could trigger a rebound in prices.

PEPE faces opportunities and challenges for growth. The increase in whale holdings and the rise in active addresses show that it still has a certain influence in the market. However, as the overall market trend is biased towards the short side and the meme coin itself has a large volatility, investors need to remain cautious. If the whale's positive momentum can continue, the price of PEPE may even climb to $0.000016.

It is also worth noting that 1.28 trillion PEPE was transferred by giant whales on Anan, but the price did not fluctuate significantly, which indicates that there may be big moves in the future. PEPE employs a deflationary model, which means that tokens are burned with every transaction, thereby reducing supply and theoretically potentially increasing their value. While the exact rate of deflation is unknown, trillions of coins are involved.

That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.