PEPE: Analyzing the Impact of a $3 Million Whale Sell-Off on Meme Coin Prices

According to CoinWorld, PEPE has continued its week-long downward trend, currently trading at $0.000004541, down 5.56%. A long-term holder sold 858 billion tokens worth $3.88 million, while Nansen data shows that major holders collectively sold 4.25 trillion tokens, indicating panic selling in the market. As key momentum indicators such as the Stochastic RSI have dropped to 13.5 and the price is below all major exponential moving averages (EMA), the ongoing bearish pressure suggests that unless the price can break through the resistance at $0.0000051, it may further decline to $0.0000043.