Crypto whales have been selling off their holdings of meme coins MOG, PEPE, and TURBO throughout early February, indicating weaker confidence among major investors. The number of large holders has slightly recovered, but the overall trend remains bearish, with distribution outweighing accumulation. This selling pressure from whales increases the supply in the market, potentially making it harder for these tokens to regain strong bullish momentum. The decline in whale addresses suggests a decrease in confidence and raises concerns about continued selling pressure. Unless there is a shift towards sustained buying from whales, these tokens may continue to face challenges in building upward momentum.



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