The Pepe (PEPE) cryptocurrency experienced a decline on Saturday, May 24th, aligning with the broader market’s performance of Bitcoin and other altcoins. Following a high this week, the token fell to $0.000014, dropping by 14% from its peak. This dip came amidst heightened market uncertainty triggered by Donald Trump’s threat to increase tariffs on European goods and Apple products. This resulted in a notable drop in crypto market capitalization, which shifted from over $3.5 trillion on Friday to $3.4 trillion on Saturday. It is worth noting that the retreat of Pepecoin was also attributed to ongoing changes within its whale and smart money investor holdings. On-chain data reveals that whales have been selling steadily throughout the week, with Santiment highlighting a significant decline in their holdings. The current supply held by these large investors stands at roughly 141.2 trillion coins valued at $1.4 billion, down from 165 trillion in February. Nansen further indicates smart money investors have reduced their holdings over the past few months, dropping to 244 billion worth of Pepe, a significant decrease from 380 billion a year ago. These savvy investors are known for swiftly detecting market trends and are often quick to adapt their strategies accordingly. Meanwhile, there is concern about rising Pepe coin balances on exchanges. The amount stored on exchanges has steadily climbed this week, exceeding 252.9 trillion on Saturday from its low of 251.3 trillion. This increase in exchange-held coins can be a potential sign that more investors are moving their holdings to liquid markets for sale. On the technical front, Pepe displays an encouraging golden cross pattern with the 200-day and 50-day Exponential Moving Averages nearing a crossover. This technical signal often precedes positive price movements in the long term. Additionally, it has formed a rounded bottom pattern, hinting at future price growth. Therefore, these factors suggest Pepe may continue on a positive trajectory for the coming weeks. A further gain above this week’s high of $0.00001625 could propel prices to new highs, potentially reaching a record high of $0.00002840.