PEPE Holders Resist Massive Outflow, Despite $620M Exits

A significant outflow of $620 million in PEPE tokens has sparked attention, prompting questions about the community’s resilience. Despite this dramatic drop, over 114,000 holders are remaining committed, suggesting a strong conviction within the community. The absence of a centralized leadership team for PEPE further contributes to its decentralized nature. Analysts are turning to technical analysis, specifically Elliott Wave patterns, which offer insights into potential price rebounds in the near term. These patterns suggest that short-term market fluctuations could be reversed.