Major Crypto Investors Are Starting To Frighten From PEPE - What's Next?

Recently, the larger PEPE holders have been more inactive, which has caused the price to fall.

According to data from the blockchain, an obvious sign of this is the minimal number of larger transactions with the meme coin.

Large transactions with PEPPER saw a huge drop in the previous 30 days. Overall, deals in the $100,000 to $1 million range had 50% less volume, and those from $1 million to $10 million had more than 60% less volume.

This reduction is an indication of a lack of confidence among institutional investors.

At the time of writing, PEPE is trading at $0.00001273, down 13% over the past week. Furthermore, the price of PEPE has declined along with reduced activity from large holders and overall supply as seen in the transaction statistics.

Additionally, unique PEPE addresses were down 12% as of June 6. Additionally, new PEPE addresses are also down 17%, signaling a potential continuation of the decline.

PEPE is trading below its 20-day exponential moving average (EMA), suggesting a downtrend. Also, the moving average divergence/convergence (MACD) tells us that sellers are increasing their pressure since June 1st.

It is quite possible that the price of PEPE will continue to fall and head towards $0.000011.