Whales Dump 41 Trillion Pepe Coin – Is a Price Crash Coming?

Pepe Coin, a top-performing meme coin, has reached a turning point. Although the token has posted huge gains in the last few weeks, new figures indicate whales (major investors) are dumping vast quantities of their holdings — and this bodes caution for some and chance for others.

Whale Activity: 41 Trillion Tokens Sold

Based on on-chain analysis company Santiment, whales have offloaded their holdings from 165 trillion to 148.7 trillion tokens since February until today. That's a 41-trillion Pepe Coins dump — something that normally means either profit-taking or the fear of a correction.

In addition, Santiment points out that the 90-day Mean Dollar Invested Age (MDIA) is decreasing — i.e., older tokens are being transferred once more, indicating increased selling pressure throughout.

Ethereum's Impact on Pepe Coin

The price of Pepe Coin is frequently dictated by Ethereum's market behavior. At present, Ethereum is having a tough time crossing the pivotal $2,000 psychological barrier. As long as ETH stays below that threshold, the larger meme coin space — which includes Shiba Inu, Pepe, and Floki — could remain under pressure.

Positive Signs Still Remain

Despite the massive selloff by whales, some metrics remain optimistic. Since April 24, Pepe Coin's supply on exchanges has slightly dropped from 255.81T to 254.9T, which is generally a bullish signal, suggesting investors are holding instead of preparing to sell.

Additionally, Pepe's price has not deviated significantly from approximately $0.000008867 even after the whale's departure. The token has registered a 26.88% price rise in the past month, which indicates that retail investors are still optimistic about the asset.

Is the Dump Temporary?

Although the whale movement was a cause for worry, price resilience and continued accumulation by smaller investors suggest that this is likely a short-term correction and not a trend. If Ethereum soon breaks above $2,000, Pepe Coin might observe renewed bullish pressure.

Conclusion

Pepe Coin's immediate situation is a mixed bag — whales are obviously selling out, but solid holding patterns and diminished exchange supply imply strength in the token. The next several weeks will be crucial, with Ethereum's action and macro crypto sentiment likely dictating whether Pepe continues its rally or suffers a more severe pullback.