{"id":15656,"date":"2025-11-10T20:06:05","date_gmt":"2025-11-10T20:06:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-coin-price-at-risk-despite-whale-buying-exchange-outflows\/"},"modified":"2025-11-10T20:06:12","modified_gmt":"2025-11-10T20:06:12","slug":"pepe-coin-price-at-risk-despite-whale-buying-exchange-outflows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-coin-price-at-risk-despite-whale-buying-exchange-outflows\/","title":{"rendered":"Pepe Coin price at risk despite whale buying, exchange outflows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>Pepe Coin price remained under pressure despite the ongoing crypto market rebound and positive whale activity.\u00a0<\/p>\n<div id=\"cn-block-summary-block_e9dafddf63bbe5a4ae4fc79b1b076354\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pepe Coin price remains on edge despite the ongoing crypto market rally.<\/li>\n<li>The token also dropped as whales resumed their purchases.<\/li>\n<li>Technicals suggest that it has more downside in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pepe (PEPE), the second-largest Ethereum (ETH) meme coin, traded at around $0.0000061 at last check on Monday, down 63% from its August high.\u00a0<\/p>\n<p>Data compiled by Nansen shows that whales have resumed buying Pepe as they expect a potential rebound. These whales now hold 4.19 trillion tokens, up by 800 billion from the October low of 4.18 trillion.\u00a0<\/p>\n<p>The ongoing whale buying is a sign that their recent selling momentum is starting to end, which is a good thing. Another positive is that investors have continued to move their tokens off exchanges.\u00a0<\/p>\n<p>Nansen data shows that there are 232 trillion tokens in exchanges, down from last month\u2019s high of 241 trillion. Exchange outflows are a strong catalyst for a coin, as they signal that investors are moving them to self-custody. It is also a sign that these investors are not selling their tokens.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>A potential reason Pepe remains under pressure despite these developments is that its futures market open interest has tumbled. It stood at $203 million on Monday, well below the September high of $800 million.\u00a0<\/p>\n<p>The falling open interest is a sign that traders have reduced their use of leverage after last month\u2019s big liquidation. Over 1.6 million traders experienced a $20 billion wipeout. Pepe bulls suffered a $20 million on that day.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Pepe Coin price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Pepe Coin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>Technical analysis suggests that the Pepe token has more downside in the coming months. For one, it is now forming an inverse cup-and-handle pattern, a common continuation sign. It has moved to the handle section of this pattern.\u00a0<\/p>\n<p>Pepe Coin price has also formed a large head-and-shoulders pattern. This pattern\u2019s head is $0.00002833, its all-time high. The right and left shoulders are at $0.00001670, while the neckline is at $0.000005920.\u00a0<\/p>\n<p>The token also remained below the 50-day and 100-day Exponential Moving Averages. Therefore, the most likely scenario is that the coin continues to fall as sellers target the key support at $0.000020, about 65% below the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pepe Coin price remained under pressure despite the ongoing crypto market rebound and positive whale activity.\u00a0 Summary Pepe Coin price remains on edge despite the ongoing crypto market rally. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15656"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15656\/revisions"}],"predecessor-version":[{"id":15657,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15656\/revisions\/15657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1605"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}