3 signs PEPE token is about to trap bulls after 2,000% price rally

Source: Google TrendsPEPE whale circulation is worrisomeThe top 100 wealthiest PEPE addresses, aka “whales,” control 45% of the tokens circulating supply, according to data tracked by CoinCarp.com.Top PEPE distribution. One entity can control more than one address, which provides a minimal number of whales more state over the direction of PEPE future price trends, increasing risk of cost manipulation.For circumstances, Lookonchain exposed that five addresses allegedly connected to the Pepe group made a $1.23 million revenue in a thin liquid market. In other words, a bearish divergence that recommends PEPEs upside momentum will likely damage in the short term.In addition, PEPE appears on the roadway to its 50-4H exponential moving average (50-4H EMA; the red wave) near $0.0000047410, down 20% from current rate levels.

Source: Google TrendsPEPE whale circulation is worrisomeThe leading 100 richest PEPE addresses, aka “whales,” control 45% of the tokens flowing supply, according to data tracked by CoinCarp.com.Top PEPE circulation. One entity can control more than one address, which offers a minimal number of whales more state over the direction of PEPE future price trends, increasing danger of cost manipulation.For instance, Lookonchain exposed that 5 addresses supposedly connected to the Pepe team made a $1.23 million revenue in a thin liquid market. In other words, a bearish divergence that suggests PEPEs upside momentum will likely weaken in the short term.In addition, PEPE appears on the road to its 50-4H exponential moving average (50-4H EMA; the red wave) near $0.0000047410, down 20% from present price levels.