- Two whales just took a $7M dive as PEPE couldn’t even break a sweat at resistance. Oops!
- With NVT rising and MVRV looking like a sad puppy, bearish vibes are strong, even in oversold territory.
So, Pepe [PEPE] has had a bit of a drama moment—two whales decided to exit stage left, each tossing 600B tokens back to Binance. That’s over $12M in liquidations, and they’re both down about $3.5M. Talk about a bad day at the office! 😬
This little exit party happened right after a rebound attempt that went as well as a lead balloon. It seems our big fish are getting a bit skittish. 🐋💨
These whale movements are like a bad omen for PEPE’s long-term confidence, especially since the metrics are throwing tantrums and the technicals are shifting to the dark side.
Can PEPE stay afloat while the pressure mounts?
PEPE recently tried to pull off a classic Cup-and-Handle pattern—so cute, right? But alas, it failed to break above $0.00001200 and instead decided to retreat into a falling channel like a shy turtle. 🐢
But don’t worry, the bulls are still trying to defend the $0.00001014 level like it’s the last cookie in the jar. 🍪
Meanwhile, the Stochastic RSI has entered the oversold zone, which is like saying, “Hey, maybe we’ll bounce back!” But let’s be real, it needs to break above $0.00001280 to avoid further drama.
Investor apathy and reduced activity
Investor activity? More like investor snooze-fest! All four major on-chain metrics are flashing bearish signals like a disco ball at a sad party. 🕺
Net network growth is a measly 0.70%, and “In the Money” wallets have dropped by 7.07%. Looks like a lot of holders are swimming with the fishes. 🐟
Large transaction volumes have also dipped by 5.18%, which means the big players are taking their toys and going home. And concentration levels? Stagnant. It’s like watching paint dry. 🎨
These trends are in sync with the broader sentiment shift, as both retail and institutional interest seem to have ghosted PEPE. 👻

Meanwhile, PEPE’s NVT ratio has skyrocketed to 137—like, whoa! This means the network valuation is way ahead of its on-chain activity, which is usually a big red flag. 🚩
When transaction volume is lagging behind market cap expansion, it’s like a ticking time bomb for a price correction. Unless on-chain usage picks up, PEPE might just be hanging by a thread.
Historically, such NVT spikes have been the harbingers of pullbacks, especially during those overly enthusiastic sentiment-driven rallies.
PEPE losses mount
The MVRV Z-score is on a downward spiral, now sitting at -0.29. This means, on average, PEPE holders are feeling the burn of unrealized losses. 🔥
While this suggests the asset is undervalued, it also screams “lack of confidence!” Prolonged negative MVRV can either mean capitulation or long-term accumulation—pick your poison! 🍷
But in this context—with bearish on-chain data and failed technical breakouts—it’s leaning more towards ongoing weakness unless a miracle happens. 🙏

Can PEPE regain strength, or is more pain ahead?
While PEPE is showing oversold conditions and a potential bounce setup, broader metrics are still waving the red flag of weakening momentum. Whale exits, rising NVT, and negative MVRV are like the three horsemen of the apocalypse for sentiment. 🐴
Unless bulls can reclaim key resistance levels near $0.00001280 with some actual enthusiasm, any recovery could be as short-lived as a summer romance. 💔
So, the risk of further downside is still high, despite those technical setups hinting at a temporary relief rally. Buckle up, folks! 🎢
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2025-06-19 19:42