According to data from 65% of holders are currently in profit, 10% are at breakeven and 25% are holding at a loss. These metrics show a mixed sentiment among PEPE holders with a majority still in profit despite recent price declines
The upcoming spot launch could serve as a bullish catalyst for PEPE price. Some analysts suggest that renewed market hype could potentially drive PEPE’s market cap mark. However maintaining any price increase would need an influential boost in buying pressure
While PEPE faces short term challenges including whale sell offs and price consolidation, the Ethereum ETF launch could provide a much needed catalyst. We all watch closely to monitor the key resistance levels and buying pressure for signs of a potential trend reversal.
