The former meme coin king Pepe (PEPE) is facing severe liquidity loss this week. Whale Alert detected that three whale addresses holding PEPE for over two years have collectively transferred 4 trillion tokens to exchanges for sale this week. On-chain analyst ZachXBT warned that these funds are flowing into emerging meme coins on the Solana chain (such as BONK2.0).
Google Trends data shows that the search popularity for 'Pepe coin' has dropped to a new low since 2024, indicating a lack of interest from retail investors. In the absence of new narratives to support it, maintaining a high market value solely based on community consensus is difficult. The strategy suggests 'shorting' and setting strict stop-loss orders to prevent a short squeeze.
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