PEPE: Two Wallets Open $3.37M 10x Longs

Two wallets simultaneously opened 10x long positions on PEPE for a combined 924.7M kPEPE valued at $3.37M, per fresh on-chain alerts from lookonchain.

Price action on the 4h chart shows a bearish trend with both EMA50 and EMA200 sitting at $0.0 as firm resistance layers while the asset trades inside the Bollinger Bands; RSI at 33.99 keeps momentum neutral and the MACD golden cross hints at potential relief, yet any bounce is likely to stall at the upper band before retesting lower support at $0.0.