{"id":2393,"date":"2025-06-07T13:27:00","date_gmt":"2025-06-07T13:27:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-croaks-as-whale-exodus-deepens-and-buyers-flinch\/"},"modified":"2025-06-07T13:27:02","modified_gmt":"2025-06-07T13:27:02","slug":"pepe-croaks-as-whale-exodus-deepens-and-buyers-flinch","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-croaks-as-whale-exodus-deepens-and-buyers-flinch\/","title":{"rendered":"Pepe croaks as whale exodus deepens and buyers flinch"},"content":{"rendered":"
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Pepe coin price retreated this week as whales continued selling and the crypto market sell-off intensified.\u00a0<\/p>\n

Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.00001043, down by 36% from its highest point in May.\u00a0<\/p>\n

This decline happened as Bitcoin (BTC) and most meme coins plunged because of profit-taking <\/strong>and geopolitical issues.\u00a0<\/p>\n

Pepe\u2019s crash also happened as whales continued exiting their positions, signaling that they expected the downtrend to continue. The supply<\/a> held by whales has dropped to 137.4 trillion, down from the year-to-date high of 166 trillion. Their holdings have fallen to the lowest point since November last year.\u00a0<\/p>\n

The Network Realized Profit\/Loss metric has plunged into the negative zone, a sign that some sellers are exiting at a loss.\u00a0<\/p>\n

More on-chain data shows that active addresses have slumped to less than 3,000.\u00a0<\/p>\n

<\/source><\/p>\n<\/picture>
Pepe on-chain metrics | Source: crypto.news<\/figcaption><\/figure>\n

On the positive side, Pepe has become cheap, which may push investors to buy the dip. The closely-watched MVRV ratio with the Z score has dropped to minus 0.192.\u00a0<\/p>\n

<\/p>\n

A negative MVRV ratio means that a coin\u2019s market value has moved below the average price at which holders acquired their coins. It often signals that a coin is in a buy zone.<\/p>\n

Pepe price technical analysis<\/h2>\n
<\/source>
\n\"Pepe\n<\/picture>
Pepe chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart shows that the Pepe token price has decreased from last month\u2019s high of $0.00001622 to $0.000011 today. It is consolidating at the 50-day and 200-day moving averages.<\/p>\n

Pepe\u2019s price has moved above the 23.6% Fibonacci Retracement level. It has also formed a cup-and-handle pattern, with the upper side at $0.00001622 and the lower side at $0.0000052.<\/p>\n

The recent dip is likely part of the formation of the handle section of the C&H pattern. Therefore, if this pattern works out, the coin will likely bounce back and retest the all-time high of $0.00002712, about 135% above the current level. This view will be confirmed if it rises above the cup\u2019s upper side at $0.00001622.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Pepe coin price retreated this week as whales continued selling and the crypto market sell-off intensified.\u00a0 Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of…<\/p>\n","protected":false},"author":1,"featured_media":2394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2393","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\/2393","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=2393"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2393\/revisions"}],"predecessor-version":[{"id":2395,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2393\/revisions\/2395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2394"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}