{"id":1849,"date":"2025-03-31T17:40:00","date_gmt":"2025-03-31T16:40:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1849"},"modified":"2025-03-31T17:32:45","modified_gmt":"2025-03-31T16:32:45","slug":"pepe-crashes-50-whales-exit-sell-off","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pepe-crashes-50-whales-exit-sell-off\/","title":{"rendered":"PEPE Crashes 50% as Whales Exit : What\u2019s Behind the Sell-Off ?"},"content":{"rendered":"\n

PEPE’s Collapse Forces Whales to Unload Their Positions<\/h2>\n\n\n\n

The PEPE<\/strong> has experienced a staggering drop of over 50%<\/strong> in just 5 days, plummeting from $0.00000927 to $0.00000698<\/strong>. This sudden correction led to a wave of massive sell-offs by the whales<\/strong>, who liquidated more than one trillion<\/strong> of PEPE tokens.<\/strong><\/p>\n\n\n

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\"PEPE
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

One of these institutional investors notably sold 438 billion<\/strong> PEPE, incurring a loss of $434,000<\/strong>. Another trader<\/a> holding a position worth $21.6 million<\/strong> on the memecoin<\/strong> suffered a loss of $3.23 million. To avoid liquidation, they had to inject $3.8 million<\/strong> of USDC into Hyperliquid<\/em> to convert part of their position into cash.<\/p>\n\n\n

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\"PEPE\"
Source: @CryptoPatel (X)<\/figcaption><\/figure>\n<\/div>\n\n\n

A Return to Expected Support Levels<\/h2>\n\n\n\n

Despite this selling pressure, PEPE<\/strong> is currently trying to stabilize<\/strong> around the support level at 0.50 of the fibonacci<\/strong>, which is $0.00000698<\/strong>. If this support holds, the token may aim to reclaim the resistance <\/strong>zones at $0.00000811 and $0.00000927<\/strong>.<\/p>\n\n\n\n

However, a failure at this level would likely trigger a new wave of sales, pushing PEPE back towards the supports at $0.00000653<\/strong> (0.618 fib) and $0.00000593<\/strong> (0.786 fib). The declining MACD indicates that the bearish momentum is not yet exhausted.<\/p>\n\n\n\n

The dramatic<\/strong> fall<\/strong> of PEPE and the massive whale sell-offs illustrate the extreme volatility<\/a> that characterizes this memecoin<\/strong>. Investors<\/a> must exercise the utmost caution<\/strong> and adopt strict risk management if they wish to expose themselves to this speculative market<\/strong>. A return to support levels could set the stage for a rebound, but the bearish momentum is not yet fully exhausted.<\/p>\n\n\n\n

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Buy the PEPE memecoin easily via Bitget !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n