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🐸📉 $PEPE Price Crashes 11% Amid Whale Dump & Bitcoin Dip 🚨📊

🐋 Whale Sell-Off Sparks Panic
A massive whale dumped 427 billion PEPE tokens (worth $8.45 million) on Kraken, securing $13.45 million in profits. This sell-off triggered over $5.6 million in liquidations, with long traders losing $4.9 million. The ripple effect extended to other memecoins, causing widespread double-digit losses.

📊 On-Chain Data Shows Bearish Momentum
On-chain data from Dexscreener revealed intense sell pressure. Out of $3.3 million traded on DeFi platforms, $2 million came from sellers. This imbalance continues to weigh heavily on PEPE’s price.

📉 Technical Indicators Point to More Losses
PEPE dropped below its 50-day Moving Average (MA), signaling further downside. Analysts foresee an additional 10–20% decline before any potential recovery. The RSI slipping below 50% confirms sellers have the upper hand.

🚀 Market Optimism Remains
Despite the crash, optimism lingers. Many believe upcoming macro events, like potential regulatory clarity or political shifts, could trigger a market-wide rebound. For now, PEPE faces a tough road ahead.