Whales Sell Big as PEPE Price Under Pressure

PEPE's price has been under pressure, trading at around $0.00000348 after failing to overcome its 200-day EMA resistance.

Larger holders have sold approximately 80 billion tokens since August 25, with wallets holding between 10 million and 100 million PEPE collectively offloading these tokens.

This sale represents a significant distribution of the token, which could limit PEPE's recovery in the short term.

Derivatives signals are mixed, with a long-to-short ratio near its highest level in over a month, but funding-rate data pointing to bearish positioning.