Whale PEPE starts to escape – Will the price fall 15%?

It seems that the take profit phase has begun for Pepe (PEPE), as whales have recently sold off billions of tokens amid a continuing fall in price.

As of May 30, with a price fall of 11%, PEPE shows negative signals and has the potential to continue a strong downward trend in the coming days.

At the time of writing, PEPE is trading around $0.000011. During this time, traders and investors are showing concern and avoiding participation in the market, causing trading volume to fall by 15%.

Whales sell off 502 billion PEPE

After the PEPE fell, data from Lookonchain showed that a whale sold 502.5 billion PEPE tokens ( worth about 6.47 million dollars) on the Binance exchange, netting a profit of 7.47 million dollars.

This impressive profit was made in just one month, as the address purchased the mentioned tokens at the end of April or the beginning of May 2025. Although a large amount was sold, the whale still holds 497.5 billion PEPE tokens, worth approximately 6.41 million dollars.

However, this sell-off occurred right as PEPE broke out of the ascending triangle pattern, a technical signal that often implies a bearish reversal, causing market sentiment to turn negative.

Price Action PEPE and Technical Analysis

According to the chart analysis, after the model was broken, the memecoin PEPE has shifted to a falling trend and is likely to continue its decline in the coming days.

Source: TradingViewAt the time of writing, the Relative Strength Index (RSI) of PEPE is at 52, indicating that this token is in a neutral zone, neither overbought nor oversold, reflecting that market momentum is in a state of balance.

On-chain data of PEPE

During this period, the level of participation from whales surged. According to data from the on-chain analysis tool IntoTheBlock, the large trading volume of PEPE — often associated with whales and large investment organizations — increased by 4.09%.

The increase in price raises the question: Are the whales preparing for a price fall scenario or are they seizing the opportunity to accumulate PEPE at a lower price?

Main liquidation levels

Notable liquidation levels currently lie at: $0.00001259 and $0.00001351, amid many traders showing signs of over-leveraging.

Source: CoinGlassCurrently, traders have built positions totaling 2.39 million dollars in Long orders and 7.65 million dollars in Short orders at these price levels. Positions may be liquidated if the price moves sharply in either direction.

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