Pepe (PEPE) fell below a daily support level on Thursday and declined by 2.5% on Friday.
Pepe price breaks below the daily support level of $0.0000105, signaling a break in market structure from bullish to bearish. Lookonchain data shows a whale deposited 400 billion
to #Binance to take profits in the past hour. The whale withdrew 795.92B $ is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9 — Lookonchain August 1, 2024 's price could experience further declines. If 's case, the NPL indicator jumped from -23,432 to 6.59 million on Thursday. These upticks have been seen since mid-July, which indicates that the holders are, on average, selling their bags at a significant profit and increasing selling pressure. On the other hand, during this event, the
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