PEPE Investors Cashing Out Massively: Is Price Rise About to End?

The post PEPE Investors Cashing Out Massively: Is Price Rise About to End? appeared first on Coinpedia Fintech News

Pepe (PEPE) has seen a price rise of 10.87% in the past week, currently trading at $0.0000080. However, there are concerns that this upward trend could be cut short. On September 21, PEPE reached a high of $0.0000083, but recent data indicates rising selling pressure. On-chain analysis from Santiment shows that daily profits from transactions increased to 4.48 trillion tokens, meaning investors have cashed out over $35 million. This trend could push the price down. Additionally, while PEPE’s holding time rose by 90% over 30 days, it dropped by 15% in the last week, indicating more selling. If this continues, PEPE may struggle to hit the $0.000013 mark.