Pepe coin price entered its previous range after the recent drop from $0.00000988 local high. For the last three days, there has been a great struggle between bulls and bears for supremacy. <a href="https://coingape.com/price/pepe/" rel="noopener noreferrer nofollow">PEPE price</a> is currently stuck, ranging between $0.00000900 and $0.00000700, but not for long, as on-chain metrics signal investors may be preparing for a potential move soon.&nbsp;
<h2 id="whale-accumulating-as-pepe-coin-price-stagnates">Whale Accumulating as Pepe Coin Price Stagnates</h2>
Data from <a rel="noopener noreferrer nofollow" href="https://app.santiment.net/charts/djg5Jcwu__sCl">Santiment</a> shows PEPE deposit transactions hit a one-year low while the price is consolidating, indicating that fewer investors may be moving funds into PEPE, which can be a sign of reduced confidence or interest.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-214667" src="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1.jpeg" alt="PEPE deposit transactions" width="1600" height="542" srcset="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1.jpeg 1600w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1-300x102.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1-1224x415.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1-1536x520.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.23-1-150x51.jpeg 150w" sizes="(max-width: 1600px) 100vw, 1600px">
Additionally, the consolidation in price, combined with low deposit activity, might reflect uncertainty in the market. Investors could be waiting for clearer signals before making any moves.
The reduced deposit transactions during price consolidation could indicate long-term holders’ accumulation of PEPE the asset quietly, waiting for a Pepe coin price potential breakout, as data from <a rel="noopener noreferrer nofollow" href="https://app.intotheblock.com/coin/PEPE/deep-dive?group=ownership&amp;chart=concentration">IntoTheBlock</a> shows.&nbsp;
Between August 28 and 29, large holders’ netflow increased sharply from 1.16T PEPE ($8 million) in outflows to 1.83T PEPE ($14 million) in inflows.
<img decoding="async" class="aligncenter size-full wp-image-214670" src="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21.jpeg" alt="netflow" width="1570" height="431" srcset="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21.jpeg 1570w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21-300x82.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21-1224x336.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21-768x211.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21-1536x422.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.21-150x41.jpeg 150w" sizes="(max-width: 1570px) 100vw, 1570px">
This indicates that large holders might be accumulating at these lower prices, anticipating a future Pepe Coin price increase.
<h2 id="nvt-ratio-realized-profit-loss-signal-pepe-market-uncertainty">NVT Ratio, Realized Profit/Loss Signal PEPE Market Uncertainty</h2>
On the flip side, the Pepe Coin Network Value to Transactions (NVT) ratio hit an all-time high amid price consolidation, provoking concerns about the potential overvaluation of the meme coin. A high NVT ratio usually indicates that the market cap is significantly higher than the transaction volume. Investors could perceive PEPE as being in a bubble, which may have led to reduced buying pressure and potentially more selling pressure.
<img decoding="async" class="aligncenter size-full wp-image-214672" src="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46.jpeg" alt="NVT" width="1280" height="433" srcset="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46-300x101.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46-1224x414.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.36.46-150x51.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
This assessment is further supported by the Network Realized Profit/Loss metric which surged back to near monthly highs on August 30. The spike suggests that many investors are locking in their gains as the price has been relatively stable.
<img decoding="async" class="aligncenter size-full wp-image-214671" src="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22.jpeg" alt="realized profit/loss" width="1600" height="542" srcset="https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22.jpeg 1600w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22-300x102.jpeg 300w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22-1224x415.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22-1536x520.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-30-at-07.29.22-150x51.jpeg 150w" sizes="(max-width: 1600px) 100vw, 1600px">
The high realized profit/loss during price consolidation may signal mixed market sentiment as not all investors could be cashing out. As the ITB data reveals, some may still be holding or even accumulating. This is what could have led to price consolidation.
<h2 id="which-direction-will-pepe-coin-price-take">Which Direction Will Pepe Coin Price Take?</h2>
<a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> and general market movements highly influence Pepe Coin’s price. Currently, a lot of crypto assets, including the famous Shiba Inu (SHIB) and Chainlink (LINK), are showing signs of overvaluation. Pepe Coin is mimicking the same results.
The stand-off between sellers and buyers may end with lower prices as an analysis of the daily candlesticks formed in the last three days shows doji candle formation but with longer top wicks. This suggests that in the struggle for supremacy, bears have emerged stronger consecutively at the close of business day for the last three days.
The post <a href="https://coingape.com/markets/pepe-coin-price-stagnates-amid-cautious-market-realized-profit-loss-hits-ath/" rel="noopener noreferrer nofollow">Pepe Coin Price: Crash or Pump Realized Profit/Loss Hits ATH</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin Price: Crash or Pump Realized Profit/Loss Hits ATH

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