Pepe (PEPE) has seen a price rise of 10.87% in the past week, currently trading at $0.0000080. However, there are concerns that this upward trend could be cut short. On September 21, PEPE reached a high of $0.0000083, but recent data indicates rising selling pressure. On-chain analysis from Santiment shows that daily profits from transactions increased to 4.48 trillion tokens, meaning investors have cashed out over $35 million. This trend could push the price down. Additionally, while PEPE’s holding time rose by 90% over 30 days, it dropped by 15% in the last week, indicating more selling. If this continues, PEPE may struggle to hit the $0.000013 mark.
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Source: https://coinpedia.org/crypto-live-news/pepe-investors-cashing-out-massively-is-price-rise-about-to-end/