PEPE Price Faces 20% Downside as Top Holders Reduce Exposure
The PEPE price is holding steady on Tuesday after a 5% drop the previous day.
The meme coin is losing its retail strength, with a negative funding rate and declining Open Interest, while top holders reduce their exposure, increasing available supply on crypto exchanges.
Techincally, PEPE is on the verge of breaking below a key support level, which could result in roughly 20% downside.