- Whales offload billions of PEPE on Binance, increasing selling pressure and pushing price down 16.68% after a 27.47% weekly decline.
- RSI at 25.44 signals oversold conditions, but MACD confirms bearish momentum, making a recovery uncertain without strong inflows.
- PEPE broke below $0.00001400 support; sustained sell pressure could push price further down toward $0.00001150 or lower.
There have been increased sell-offs of PEPE by whales, leading to concerns of an extended bearish trend. According to Lookonchain, multiple whales have offloaded billions of PEPE tokens onto Binance, leading to heightened selling pressure.
Addresses like 0xfBfC…07Be and marketparticipant.eth deposited 430 billion PEPE ($6.39M) and 325.5 billion PEPE ($4.9M), respectively. Additionally, 0xb1a2…6731 exchanged 200.88 billion PEPE for $2.85M in USDC within 48 hours.
PEPE’s price reflects the recent surge in sell-offs, dropping to $0.00001252 at press time, a 16.68% decline on Monday, following a 27.47% correction last week.
PEPE Inflow/Outflow and Market Sentiment
Spot inflow and outflow trends for PEPE show a direct correlation between token movements and price changes. Historical data from April to May showed green spikes, indicating inflows that led to a price rally.
However, heavy outflows from mid May through October contributed to price stagnation. November saw strong inflows, leading to a sharp price increase, while December to January had increased volatility.
The outflow spike in late January 2025 aligns with an increased sell off, hinting at bearish sentiment. Netflow trends indicate that unless inflows turn positive, PEPE may remain under selling pressure. If accumulation by buyers resumes, a rebound could be possible, but the market’s direction depends on upcoming netflow activity.
Liquidations and Price Moves Suggest Caution
PEPE’s liquidation data shows high market volatility, with frequent long and short position liquidations. A recent spike in long liquidations on January 26 wiped out heavily leveraged traders, coinciding with a sharp price drop.
Earlier events, such as the short liquidation spike on January 19, indicate rapid upward price movements. Liquidation patterns show the current struggle between buyers and sellers, with bearish trends dominating.
Bearish Momentum Persists
PEPE, on a 4 hour timeframe, shows a continued bearish trend. PEPE recently broke below the $0.00001400 support level, with the next crucial support at $0.00001200.
Volume confirms sustained selling pressure, with insufficient buying activity to reverse the trend. Unless buying volume surges and technical indicators show recovery, PEPE’s downtrend may continue toward $0.00001150 or lower.
PEPE’s RSI is at 25.44, indicating oversold conditions, while MACD confirms strong downward momentum. These indicators suggest that any recovery is uncertain without increased buying interest.
