City, State/Country – No be small wahala o! Pepe coin, di beloved meme coin wey don ginger plenty pple, don jam serious gbege dis week. As di big boys (whales) for di crypto market dey sell like say dem wan chop hot yam, Pepe price don fall to wetin? You no go believe am, it don drop go low of $0.00001043, which be serious 36% decline from di peak wey e reach for May. Na wa o!
Dis kaya wey dey happen as Bitcoin and plenty other meme coins dey face serious crash, all thanks to wetin? You fit guess am na, wahala wey dey for geopolitical side. Di whales wey dey hold Pepe dey waka comot from di coin as dem dey fear sojays go continue to dey sell, and di proof dey clear as their total holding don drop from 166 trillion to 137.4 trillion. E don be like say dem dey try save wetin dey remain for pocket!
Di Network Realized Profit/Loss metric don fall go negative side, e mean say many sellers don dey sell at loss. E no too good for those wey still dey manage their Pepe coin like say na gold. Plus, di active addresses dey slump, now less than 3,000; e fit make person run for cover!
But e no be all doom and gloom, my padi. For di positive side, some people dey see dis price drop as opportunity to buy di dip (naija style). Di MVRV ratio don drop reach minus 0.192, wey mean say Pepe don dey enter buy zone. Dis kind signs, e dey encourage investors like dia, ‘Abeg, make I take chance!’
As per di daily chart wey dem dey watch, di price don drop from last month high of $0.00001622 to current $0.000011. E dey balance for di 50-day and 200-day moving averages, which fit give sign as di price dey form cup-and-handle pattern. E fit be say we go see di price jump back and test di all-time high of $0.00002712 if e fit break di upper side at $0.00001622, wey mean plenty pple go fit smile again!
So, wetin we go talk? E be like say Pepe dey try find him feet again, and if everything work as di crypto oracle don talk, we go see am shine again. No forget say e be like movie, every twist and turn fit bring new action. For now, investors dey watch closely. Na im be di crypto market wahala, full of surprises!
