Crypto whales offered MOG, PEPE, and TURBO all through early February, following a broader pattern of huge holders decreasing their publicity to meme cash. Whereas MOG has seen essentially the most aggressive promoting, PEPE and TURBO have additionally skilled a gradual decline in whale addresses, signaling weaker confidence amongst main buyers.
Though the variety of giant holders has barely recovered, the general pattern stays bearish, with distribution outweighing accumulation. If this sample continues, these tokens might face further promoting strain, making it tougher for them to regain robust bullish momentum.
MOG Coin (MOG)
Whales offered the MOG meme coin constantly for a number of months, with this promoting strain accelerating at the beginning of February. Massive holders decreasing their positions can sign a shift in sentiment, as whale exercise usually impacts value motion and liquidity.
When whales promote in giant portions, they enhance the provision out there, probably making it tougher for MOG to maintain upward momentum.
The continued decline in whale addresses means that confidence amongst main buyers has weakened, elevating issues about continued promoting strain.
Variety of Addresses Holding at Least 100,000,000 MOG. Supply: Santiment.
Though the variety of whales holding a minimum of 100,000,000 MOG just lately recovered – rising from 10,089 on February 6 to 10,127 – this quantity stays traditionally low.
It’s nonetheless properly under the ten,457 recorded on January 30, that means that regardless of the slight rebound, whales offered a big quantity of MOG over the previous few weeks.
This implies that the broader pattern stays one among distribution quite than accumulation. Until whale exercise shifts towards sustained shopping for, MOG could proceed dealing with challenges in constructing robust bullish momentum.
PEPE
Like MOG, whales offered PEPE all through early February, although the promoting strain has been much less intense. Whereas giant holders decreasing their positions can point out weakening confidence, PEPE whales haven’t offloaded their holdings on the identical tempo as MOG whales.
Nonetheless, when whales promote, it will increase provide out there, probably limiting upward value motion. The decline in whale addresses means that some giant buyers have been taking earnings or decreasing publicity, which might contribute to short-term volatility.
Variety of Addresses Holding at Least 100,000,000 PEPE. Supply: Santiment.
On January 30, the variety of addresses holding a minimum of 100,000,000 PEPE stood at 54,383 earlier than declining as February started, reaching 53,927 on February 8—its lowest stage since March 2024. Though there was a slight restoration to 53,954, the general pattern stays downward, that means whales offered a notable quantity of PEPE in latest weeks.
Whereas this promoting strain will not be as aggressive as MOG’s, it nonetheless signifies hesitation amongst giant buyers. If whale promoting continues, it might put additional strain on PEPE value, making it tougher for the token to maintain bullish momentum.
TURBO
Crypto whales additionally offered TURBO within the first days of February, following the identical sample seen in different meme cash like MOG and PEPE. On January 30, the variety of addresses holding between 100,000 and 10,000,000 TURBO was at 13,706, however as February started, that quantity declined to 13,404.
Variety of Addresses Holding Between 100,000 and 10,000,000 TURBO. Supply: Santiment.
It has since dropped additional to 13,370, indicating that giant holders proceed to scale back their positions.
The continued decline in whale addresses factors to continued distribution quite than accumulation, which might result in elevated volatility for TURBO. Whereas the drop has been regular quite than aggressive, the truth that whales offered over the previous few weeks indicators hesitation out there.
