Pepe Coin Surges After Whales Dump 1 Trillion Tokens — Is This the Start of a Bull Run?

Jakarta, Pintu News – As reported by Coingape (9/7), Pepe Coin (PEPE) has failed to register any significant gains in the past month, given that its value has dropped by more than 11% during this period.

As of July 9, Pepe Coin’s price was trading at $0.0000102 with a slight increase of 2.7% in 24 hours and a trading volume of $673 million.

Despite the gains recorded that day, the whales seem to have started selling after they offloaded over 1 trillion tokens in a day, while the bear flag pattern indicates a possible drop of up to 50% in the near future.

Whales Releases 1 Trillion PEPE Tokens

PEPE whales appear to be preparing to sell their tokens to mitigate potential losses, as seen by the decrease in their holdings.

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Data from IntoTheBlock shows that in just 24 hours, whales have sold over 1.16 trillion tokens after their wallet balance dropped from 647 billion to -521 billion tokens.

When whale wallets stop buying tokens and decide to sell instead, this could be a sign that they expect the price to drop. This behavior also coincides with the formation of a bearish flag pattern on the daily chart.

Pepe Coin Price Threatened to Drop 50% due to Bearish Flag Pattern

The price of Pepe Coin could potentially experience a sharp decline due to the formation of a bearish flag pattern, which is usually a signal that bearish traders are ready to take control of the market.

This pattern also suggests that the upward trend that started in late June is likely to end soon, and PEPE prices could return to their previous downward trend.

This flag pole height refers to the 49% decline that occurred in one month to reach the lowest point at $0.00000830.

If a similar drop occurs again and the price of Pepe Coin breaks the support level of the ascending channel that formed the pattern, then there is a possibility of the price falling to $0.00000480.

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The ADX indicator also shows that the parallel channel that formed the flag pole may have started to lose strength as the uptrend is not strong enough. This indicator could strengthen Pepe Coin’s price prediction based on the bearish pattern.

At the same time, few traders are willing to buy Pepe Coin at the current price, as seen by the CMF indicator which remains negative. This is another sign that the uptrend is weakening and the price is likely to fall.

The formation of this pattern comes despite previous analysis from CoinGape revealing an increase in meme coin activity earlier this week that drove gains for tokens like Dogecoin.

If Pepe Coin’s performance continues to weaken while other meme coins register gains, there is a possibility that traders will shift attention from PEPE to other tokens.

In conclusion, the price of Pepe Coin is getting closer to a potential big drop because in addition to the formation of a bearish flag pattern, there is also pressure from the whales‘ sell-off.

This negative outlook can only change if whales start buying back the tokens, which can help support the upward trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pepe Coin Price Rallies Despite Whales Dumping 1 Trillion Pepes in 24hrs, Is It a Fakeout? Accessed on July 10, 2025