Why Are Sharks Hoarding PEPE Right Now?

The figure that's causing a stir among traders: $281 billion PEPE taken from exchanges in October. It's not a random move. It's silent accumulation.

When a whale withdraws that amount from an exchange, the first thing that decreases is the available supply in the market. Fewer tokens for sale = reduced selling pressure. It's basic supply-demand math. Chandler, one of the analysts who follows on-chain, summarizes it like this: we are in a phase of overlapping accumulation.

Let's take a look at the resistances that matter:

• Critical zone: $0.0000065 to $0.0000070 (there is the battle)
• Clean break: Above $0.0000090 opens the field
• Target first movement: $0.0000130 (almost x2 from here)

Technical indicators don’t lie. The MACD turned bullish, and the Fibonacci retracements suggest a small retest around $0.0000077 before the real push. It’s like a breather before the sprint.

The interesting thing: this is the classic pattern before large movements in meme coins. Accumulation → consolidation → brutal breakout → retail FOMO attraction → exponential move.

The real question: Are you waiting for a breakout confirmation or are you entering the current accumulation zone?

$PEPE