PEPE Whales Sell Off 502.5 Billion Coins Causing 11% Price Dip

Whales, or large holders, have begun to offload substantial amounts of PEPE tokens, causing a significant shift in the cryptocurrency market. This movement has raised concerns about a potential 15% crash in the value of PEPE, a popular meme coin. The bearish momentum is evident as these whales secure significant profits by selling their holdings, which could lead to a decrease in the token's value.

The exit of PEPE whales from the market is a clear indication of a change in sentiment among major investors. These whales, who have been holding large amounts of PEPE tokens, are now choosing to liquidate their positions. This action suggests that they may be anticipating a downturn in the market or are looking to lock in their profits before a potential decline. The selling pressure from these large holders could create a ripple effect, causing other investors to follow suit and sell their PEPE tokens, further driving down the price.

As of the 30th of May, with an 11% price dip, PEPE appeared bearish and poised for massive downside momentum in the coming days. At press time, PEPE was trading near $0.0000128. During this period, traders and investors appeared fearful and avoided participation, resulting in a 15% drop in trading volume. Following the dip in PEPE’s price, a crypto whale offloaded 502.5 billion coins worth $6.47 million to Binance, securing a profit of $7.47 million. This impressive gain was achieved in just one month, as the tokens were acquired in late April or early May 2025. Despite the substantial sell-off, the whale still holds 497.5 billion PEPE coins, valued at $6.41 million.

This sell-off by whales came during the period when PEPE broke down from an ascending triangle price pattern, turning the sentiment bearish. According to the chart analysis, following the breakdown, the memecoin has turned bearish and appears poised to continue its downside momentum in the coming days. Based on the daily and four-hour charts, if this downward trend continues, PEPE could see a 15% price decline, potentially reaching the next support level at $0.0000111 and the 200-day Exponential Moving Average (EMA).

As of press time, PEPE’s Relative Strength Index (RSI) stood at 52, indicating that the token was in a neutral zone with neither overbought nor oversold conditions, suggesting a balanced momentum. The major liquidation levels were at $0.00001259 on the lower side (support) and $0.00001351 on the upper side (resistance), with traders appearing over-leveraged. Currently, traders have built $2.39 million worth of long positions and $7.65 million worth of short positions at these levels, which could be liquidated if the price moves in either direction.

During this period, whale participation has skyrocketed. Data from the on-chain analytics tool revealed that PEPE’s large transaction volume, typically linked to whales and institutions, has soared by 4.09%. This uptick raises questions about whether these whales are positioning themselves for a bearish outlook or if they’re seizing the opportunity to accumulate PEPE at lower prices. The potential impact of this whale exit on the PEPE market is significant. A 15% crash would represent a substantial loss for many investors who have been holding the token. This scenario highlights the volatility and risk associated with investing in meme coins, which are often driven by hype and speculation rather than fundamental value. The exit of whales could also lead to a loss of confidence in the PEPE token, as investors may question the sustainability of its value.