PEPE saw a record 4.54 trillion tokens leave exchanges in a single day, marking the memecoin’s largest net outflow since November 14, 2024. The token rallied nearly 25% over four consecutive weeks before dropping more than 5% over the past 14 days, retracing over 20% of its previous gains. As PEPE approaches the key $0.000003 resistance level, whales appear to be accumulating during the dip. This massive outflow suggests larger players are absorbing supply instead of exiting positions, potentially turning the recent breakdown into a bear trap. Key support to watch stands at $0.0000026.
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