Is Pepe Coin Price Headed towards Another Correction?
Pepe Coin price recently faced a downward trend, most likely attributed to the news regarding the US government moving 10,000 BTC from the Silk Road wallet. This development caused panic in the market, causing the Crypto Fear and Greed Index to drop from 30 to 29 in the past day. However, despite this decline, a closer look at whale and trader behavior suggests that Pepe Coin could be poised for a rebound in the near future.
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.
