PEPE Cryptocurrency Network Growth Plummets to Two-Month Low Amidst Selling Pressure

Wednesday, 1 May 2024, 18:00

The PEPE cryptocurrency is facing a significant bearish trend as crypto whales begin to sell off their holdings, leading to a potential two-month low. Investors are becoming bearish due to PEPE price nearing a critical support level. The network growth of PEPE has declined sharply, indicating a lack of interest among new investors and potentially pushing the price further down.
https://store.livarava.com/dbf10643-07e7-11ef-a6c0-63e1980711b2.png
PEPE Cryptocurrency Network Growth Plummets to Two-Month Low Amidst Selling Pressure

PEPE Cryptocurrency Network Growth Plummets to Two-Month Low Amidst Selling Pressure

PEPE price is currently close to losing a crucial support floor, triggering concerns of a two-month low.

Crypto Whales Move to Sell PEPE

Following a failed rally, large wallet holders started selling their holdings, collectively offloading over $120 million worth of PEPE in just ten days.

Network Growth Decline

PEPE's network growth has dropped to a two-month low, indicating waning interest from new investors.

Price Prediction

PEPE's price could dip further if major support levels are breached, potentially reaching $0.00000474.

If bullish sentiment returns and PEPE reclaims support at $0.00000633, a recovery to $0.00000700 is possible.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe