During the feeling of the current lower market, Pepe (Pepe), the third largest piece of memes in the world, lost its key support and is ready for a massive price drop. Meanwhile, on March 29, 2024, the blockchain -based chain analysis company, Lookonchain, published on X (formerly Twitter) that an OG Pepe holder – a first investor in the memes room – has poured billions of tokens, which raises concerns concerning a significant drop in prices.
Crypto whale discharges 150 billion pep
In an article on X, Lookonchain noted that in the middle of this drop in the market, a whale sold 150 billion pepe tokens worth 1.14 million dollars on the exchange of Binance cryptocurrency.
The post has also mentioned that, so far, this whale has sold 1.02 Billion of parts even Pepe for $ 6.66 million, which achieves a total profit of $ 10.3 million, which is equivalent to 4,718x.
This OG investor spent only $ 2,184 to buy PEPE tokens of 1.5 Billion during the early stages. However, due to the lowering of the market and a continuous drop in prices, the whale began to sell its massive assets.
Current price momen
With all this, Pepe is currently negotiated nearly $ 0.00,00073 and has recorded a price drop of more than 5.50% in the last 24 hours. Meanwhile, during the same period, its negotiation volume fell by 25%, which indicates a lower participation of traders and investors compared to the day before.
PEPE technical analysis and future level
According to an expert technical analysis, Pepe seems to be lower after a massive drop in prices. The four -hour graph of the same corner reveals that Pepe has moved to an ascending channel model, but with the recent price drop, it crossed the lower limit of the canal and closed a daily candle below this level.
Based on the action of recent prices and historical models, if the meter part remains lower than $ 0.00,00075, there is a high possibility that it can decrease by 20% to reach the level of $ 0.00000585 in the future.
