MeowAlert
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🔴 $PEPE Getting Crushed But Whales Playing Both Sides
$PEPE just slipped hard, down 11% on the day sitting at 0.00001010. Arkham flagged a whale dumping 28.5B PEPE to Bybit while negative funding on OKX is showing shorts are in control. At the same time, another whale grabbed around $3M worth of $PEPE , so the big money isn’t moving in one direction — it’s a straight fight.
Looking at the 1h chart, the bleed after 0.00001170 rejection is clear, price sliding under the EMAs with volume spiking on red candles. Support around 0.0000098 is now the line that matters. Lose that and it gets heavier, but a quick reclaim above 0.0000105 could flip momentum back.
My take — this move feels more like derivative-driven pressure than a real collapse. If whales keep stacking, panic sellers could be setting themselves up to hand over bags cheap before a bounce.
$PEPE just slipped hard, down 11% on the day sitting at 0.00001010. Arkham flagged a whale dumping 28.5B PEPE to Bybit while negative funding on OKX is showing shorts are in control. At the same time, another whale grabbed around $3M worth of $PEPE , so the big money isn’t moving in one direction — it’s a straight fight.
Looking at the 1h chart, the bleed after 0.00001170 rejection is clear, price sliding under the EMAs with volume spiking on red candles. Support around 0.0000098 is now the line that matters. Lose that and it gets heavier, but a quick reclaim above 0.0000105 could flip momentum back.
My take — this move feels more like derivative-driven pressure than a real collapse. If whales keep stacking, panic sellers could be setting themselves up to hand over bags cheap before a bounce.
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