Despite Price Declines Major Investors Continue Acquiring Meme Cryptocurrency PEPE

Due to decreased activity in the meme token market, the price of Pepe (PEPE) fell more than 14% last week to $0.00001114.
However, large PEPE holders, known as “whales,” have been actively accumulating the token in recent weeks, increasing their holdings by 3%.


This surge in accumulation coincides with a significant increase in activity on the PEPE network, with daily active addresses increasing by 105% and new addresses rising by more than 300%.


Despite the increased whale activity and online demand, the Directional Movement Index (DMI) indicates that bearish sentiment for PEPE remains, with negative trends surpassing positive trends.
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The DMI indicates that the current bearish trend will persist, and if the decline continues, it could lead to a PEPE price drop to $0.000010, while in an upward trend, it could rise to $0.000012.