Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead?

PEPE’s cascading liquidations increase bearish momentum across major trading wallets. Price remains below key resistance, with further downside likely without quick recovery. Triangle pattern on daily chart signals imminent volatility in upcoming sessions. Pepe (PEPE), the popular memecoin, finds itself under mounting pressure as technical indicators and on-chain data suggest further downside. With a steep drop in price over the past week and cascading liquidations triggered across major wallets, PEPE is nearing a critical inflection point. The broader market sentiment has turned bearish, and unless bulls step in decisively, the token could face deeper losses. A series of failed support retests and increasing sell volume have put PEPE in a vulnerable position, and many eyes are now on its next move. Liquidation Cascade Adds Fuel to the Fire According to Lookonchain, James Wynn’s PEPE long position in a separate wallet suffered a severe liquidation event. The total losses from this position exceeded $1 million, leaving only $14,850 in the account. This loss adds to the growing wave of forced sell-offs in PEPE-linked wallets as price support contin… The post Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead? appeared first on Coin Edition .

Source: Coin Edition