Pepe Coin may face a 30% potential decline, the third largest memecoin in the market, due to the reduction of positions by major holders and the decrease in active addresses. Despite a recent rebound of over 40%, bearish technical signals indicate an upcoming downward trend. Major holders selling PEPE tokens and major participants reducing their positions. According to Santiment's data, the token supply held by major addresses has decreased from 45 billion to 39.78 billion. This decrease indicates that major holders are selling their holdings, putting downward pressure on the price.