PEPE Price Surge Imminent: Exploring Supply Drop and Accumulation Phase

PEPE Supply On Exchanges Triggered An Important Signal

Between March 25 and March 26, the PEPE supply on exchanges experienced a significant reduction, dropping from 180.7 trillion to 178.7 trillion.

Such a sizable decrease in supply available for trading can have a substantial impact on PEPE's price, primarily due to the principles of supply and demand. When the supply of PEPE on exchanges diminishes, but demand remains constant or increases, it naturally leads to upward pressure on the price.

Historically, a precedent for this scenario occurred when a similar reduction in supply was promptly followed by a notable price surge—from $0.000008 to $0.0000106 in just one day.

PEPE Mean Coin Age Suggests Accumulation

Since the beginning of March, the Mean Coin Age for PEPE has been on a consistent upward trajectory. Mean Coin Age measures the average age of all coins in a network, calculated from the time they were last moved.

This metric serves as an indicator of investor behavior. A growing Mean Coin Age suggests that holders are increasingly opting to hold onto their coins rather than sell them, indicating a period of accumulation. This trend is generally seen as a bullish signal for the cryptocurrency, as it implies a strong holding sentiment among investors and a potential decrease in selling pressure, which can lead to price increases.