Attention everyone! If you're still contemplating entering the market to buy PEPE, I recommend reading this article first before making a decision. I understand many people's mindset—seeing the price drop, they feel it's a gift to pick up cheap tokens, looping the phrase "If I don't get in now, I'll completely miss out." But honestly, rushing in now, rather than being a bottom-fisher, is more like handing chips directly to others.

I've been navigating the crypto market for nearly 8 years, experiencing multiple complete cycles. My biggest takeaway is: the so-called "opportunity to scoop up bargains" that seems everywhere has actually been calculated and planned long ago. The current PEPE trend is no longer just a simple rebound story that retail investors imagine. What exists in the market is a highly strategic game.

Let me start with two on-chain signals, which are based on verifiable data.

**Profit-taking addresses are systematically withdrawing**

In recent days, the movements of large on-chain holdings are worth paying attention to. They are not panic-selling but are gradually and rhythmically reducing their positions. This is not a sign of "being forced out," but rather a sign of taking profits once enough has been earned. The cost basis of these addresses is definitely much lower than the current price, and their goal is to steadily lock in profits. Who is likely to be taking over these positions? Mostly newcomers who are blinded by FOMO, thinking this is the last chance to get in. From this perspective, buying now is essentially helping those who have already profited to complete their final "offloading" at a higher price.

**Buyers' strength is clearly waning**

Looking at the order books on mainstream trading platforms reveals a clear trend: buy orders are decreasing, and the size of individual buy orders is shrinking. What does this indicate? It shows that the truly influential smart money has stopped entering new positions. The only ones still pushing in are scattered retail investors, whose collective power cannot support the price. There is a hard rule in crypto markets—when buy-side selling pressure cannot match sell-side selling, a price decline is no longer a "temporary correction" but a high-probability continuation.

Combining these two signals paints a true picture of the current market. It’s not that PEPE has no future, but at this moment, it’s not a wise entry point. The prudent move is to continue waiting until the market shows genuine bottom characteristics.