The price of Pepe Coin (PEPE) has experienced a sharp decline, reaching its lowest level since November 13. The drop is attributed to a significant sell-off by large investors, or "whales," who have moved over 1.1 trillion PEPE tokens to exchanges, creating an oversupply in the market. This has led to increased instability and a bearish outlook among major holders. The technical analysis suggests the possibility of further price drops, with a potential decline of 56% from the current level. However, there is the chance of a rebound in the future, depending on factors like a surge in Bitcoin or renewed interest in meme coins.



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