- Whales dumped 1.1 trillion PEPE Coin, driving a sharp price drop to $0.000012.
- Key indicators suggest a potential rebound if PEPE holds critical support levels.
Leading meme coin, PEPE Coin has seen a dramatic decline in its value, dropping 60% from its December 2024 all-time high of $0.00002825. Currently trading at approximately $0.000012, PEPE has lost 20% in the past week alone, raising concerns among investors. However, on-chain metrics and whale activity suggest that a potential recovery may be on the horizon.
Whale Sell-Offs and Market Sentiment Drive Price Decline
On-chain data shows that over 1.1 trillion PEPE tokens have been liquidated in recent days. Crypto Analytics firm Lookonchain revealed massive Pepe whales transactions, a single wallet deposited 430 billion PEPE, valued at $6.39 million, into Binance within nine hours. Another whale transferred 325.5 billion PEPE, worth $4.9 million, while additional large holders moved millions more into exchanges. The influx of supply has intensified selling pressure, driving PEPE’s price lower.
Max, a crypto analyst, noted:
“Just as quick as “it’s so over” things can shift to “we are so back”… & that is exactly what I expect to happen here with $PEPE.”
Despite the heavy selling, trading volume remains high. Over 33.48 trillion PEPE coins—worth $437.32 million—changed hands in the past 24 hours.
Can PEPE Recover? Key Indicators Suggest a Possible Bounce
Some analysts believe PEPE could be primed for a reversal. The Market Value to Realized Value (MVRV) ratio, a key metric indicating potential rebounds, has entered a buy zone. Historically, similar MVRV levels have led to price surges of around 72%, 71%, and 51%t.
Additionally, data from Santiment reveals that PEPE’s exchange reserves have declined, meaning more tokens are moving to private wallets. This trend often signals that investors are holding for the long term, reducing immediate sell pressure.
Crypto trader @ChandlerCharts emphasized:
“Jokes aside, $PEPE hasn’t looked this solid since the presidential shitcoin launch. For the first time since January 18, it actually seems to be pushing up with conviction. Recovering the losses from China’s DeepSeek release is just the first step.”
If PEPE maintains support above $0.000012, it could push towards $0.000015 in the coming days. However, a break below $0.000010 could trigger further declines.
PEPE’s Future Hinges on Market Conditions
PEPE’s short-term movement remains tied to broader market sentiment. If the overall crypto market stabilizes and meme coin hype resurges, PEPE could regain momentum.
However, competition from emerging meme coins and regulatory uncertainty in the U.S. under the Trump administration could impact its growth.
Currently, $TRUMP tops all memecoins in terms of trading volumes in the last 24 hours, Pepe has a strong spot as well. PEPE remains a high-risk, high-reward asset. Investors should monitor whale activity and support levels closely before making trading decisions.
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