PEPE Prices Plummet as Whale Selling and Weakening Momentum Take Hold

PepeCoin (PEPE) is trying to regain momentum after facing rejection near a crucial resistance level. Currently trading around $0.00000348, the meme coin has been under pressure from recent selling activity.

Whale activity has also raised concerns as larger holders continue reducing their positions. According to Santiment data, wallets holding between 10 million and 100 million PEPE have sold roughly 80 billion tokens since August 25, while smaller wallets have moved in the opposite direction by accumulating 5.06 billion PEPE.

The divergence creates an interesting setup for PEPE traders, with larger investors appearing more cautious and smaller participants continuing to buy. However, this could increase available supply across exchanges and pressure prices unless stronger demand absorbs that selling before PEPE can build lasting momentum.