Crypto whales sold MOG, PEPE, and TURBO throughout early February, following a broader trend of large holders reducing their exposure to meme coins. While MOG has seen the most aggressive selling, PEPE and TURBO have also experienced a steady decline in whale addresses, signaling weaker confidence among major investors.
Although the number of large holders has slightly recovered, the overall trend remains bearish, with distribution outweighing accumulation. If this pattern continues, these tokens could face additional selling pressure, making it harder for them to regain strong bullish momentum.
MOG Coin (MOG)
Whales sold the MOG meme coin consistently for several months, with this selling pressure accelerating at the start of February. Large holders reducing their positions can signal a shift in sentiment, as whale activity often impacts price action and liquidity.
When whales sell in large quantities, they increase the supply in the market, potentially making it harder for MOG to sustain upward momentum.
The ongoing decline in whale addresses suggests that confidence among major investors has weakened, raising concerns about continued selling pressure.
Although the number of whales holding at least 100,000,000 MOG recently recovered – rising from 10,089 on February 6 to 10,127 – this number remains historically low.
It is still well below the 10,457 recorded on January 30, meaning that despite the slight rebound, whales sold a significant amount of MOG over the past few weeks.
This suggests that the broader trend remains one of distribution rather than accumulation. Unless whale activity shifts toward sustained buying, MOG may continue facing challenges in building strong bullish momentum.
PEPE
Like MOG, whales sold
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Author: Tiago Amaral
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