Update Onchain $PEPE – Is it time to stop?
Summary:
- Binance 8 + 28 (Cold Wallet) of Binance are the entities holding the most PEPE with more than 26.5% of total supply and no signs of distribution yet
- The amount of Tokens circulating on the exchange is still in a strong downward trend, currently the amount of supply circulating on exchange wallets accounts for more than 51% of Total Supply, however the actual number will be much lower when the Only the Cold Wallet wallet still holds the majority of Tokens
- Smart Money is still quite Bullish with PEPE when Inflow > Outflow in the past 7 days and there have been no significant Outflow txn. However, it should be noted that their position is still at a good level and buying wallets are very rare at the present time.
- The wallet addresses whose Balance has increased in the past 30D are mostly Fresh Wallets that gathered very strongly on exchanges during the nearly 50% correction of PEPE in mid-April. Although currently these wallets have all doubled their initial amount. However, there is still no sign of distribution => They expect a higher profit level than the current one
- Whale Nau, after a long time of not mentioning anything about PEPE, finally joined the game yesterday, making PEPE pass the 15th barrier with a Volume of more than 3M$ and sell easily. Currently, there are no significant barriers left on the Orderbook
Conclusion: Pepe to the moon, blocking is the moon!
