🐳 $PEPE Price Impact: How $3.71M Whale Withdrawal Shaped the Market

David Tevzadze - Feb 6 - - Dev Community

📉 Whale Moves & Market Reaction
A whale withdrew 375.35B PEPE ($3.71M) from Binance, sparking questions about its impact. PEPE price bounced 3.33% to $0.013036 after dipping to $0.012238, but resistance at $0.0135 remains strong.

📊 Indicators & Sentiment

RSI at 56.15: Neutral, leaning toward overbought if buying continues.

Funding Rate at 0.0063: Slightly positive sentiment in derivatives.

Bearish dominance persists, with 127 bears vs. 132 bulls, keeping price under pressure.

📉 Declining Engagement & Address Activity

New Addresses down 25.14%, Daily Active Addresses dropped 10.73% – signaling waning interest.

If this trend continues, PEPE could face more corrections.

🔍 What’s Next for PEPE?

More buying & renewed network activity could trigger a bullish turnaround.

Sustained whale sell-offs may increase downward pressure.

📢 Traders, watch for shifts in bull/bear ratios—momentum could flip quickly!

⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice or endorsement.
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