The Pepe coin price has seen a steep decline over the weekend, falling to its lowest point since May 9. This drop follows the broader cryptocurrency sell-off. As the market cools down, the supply of Pepe coins on exchanges is at its lowest level since 2022, signaling that holders are not selling their coins despite the price drop. The data shows a significant decrease in supply to just 105.33 trillion. This suggests a potential shift in sentiment. Nansen data highlights increased activity from large investors, with whale holdings increasing by 2.74% this month. Furthermore, ‘smart money’ investors saw a significant jump in their holdings, rising by 145%. These whales and savvy investors may be accumulating Pepe coins, indicating potential future growth. The positive funding rate of Pepe coin has been on the rise since May 8th, another sign that investors are bullish about its long-term value. Technical analysis shows a decline in price, potentially to the 78.6% retracement level at $0.00001057, after which a bounce back may occur. The Pepe coin price chart indicates a peak in May before a downward trend, with the price aligning with the 100-day Exponential Moving Average and a significant swing last September. However, technical indicators suggest a potential for further decline before a rebound.