Pepe Tumbles 12% Amid Whale Accumulation and Exchange Supply Shift

Pepe (PEPE) experienced a decline of almost 12% following recent on-chain data indicating whale accumulation and reduced exchange supply. This downturn is taking place despite active trading, but technical resilience has tempered the pace of losses.

The token remains above its major moving averages, with technical indicators providing mixed signals. The Relative Strength Index (RSI) is neutral-to-bullish near 60, while the Commodity Channel Index (CCI) flags 'Overbought,' and Stochastic RSI signals 'Strong Sell.' These divergent momentum conditions suggest price may consolidate as buyers and sellers vie for control.

The current price of PEPE stands at $0.0544, with trading volume increasing over the past week. The token has a large holder base and engaged community but faces ongoing selling pressure.