Frog on Thin Ice: PEPE Prices Plummet Ahead of FOMC Meeting
PEPE's price is under pressure ahead of the September 15-16 FOMC meeting, as the asset trades at around $0.00000356, caught between a crumbling support floor and Bitcoin's ceiling at $82,300.
The base case points toward a September flush to $0.0000027 or even lower, with a full market cap destruction of approximately $360 million in this scenario.
According to Blockchain.news, the whale positioning is readable through volume and open interest data, which suggests institutional money is accumulating BTC at the macro level, but not necessarily buying into meme coins like PEPE.