PEPE Price Drops 5% Amid Whale Selling and Weak Market Demand

What to Know

• PEPE fell by nearly 5% in the past 24 hours, dropping to $0.00001119.
• Whale selling and high-volume liquidations pressured the memecoin.
• Trading volume spiked to over 85 trillion tokens as the market rejected key resistance.
• The memecoin sector continues to underperform the broader crypto market.
• PEPE shows signs of bearish continuation with lower highs and weak support.

PEPE Price Sinks Nearly 5% as Whale Activity and Exchange Outflows Intensify

The meme-driven cryptocurrency PEPE experienced a sharp drop of nearly 5% in the past 24 hours, falling to $0.00001119 amid escalating selling pressure and reduced investor interest. The token, known for its explosive rallies, is now facing bearish momentum as large holders reduce their positions and overall exchange balances decline.

This decline places PEPE among the worst-performing assets in the memecoin category, which has been underperforming compared to the broader cryptocurrency market.

High Volume, Low Demand: PEPE Buckles Under Trading Surge

PEPE’s recent price action was marked by extreme volatility. The token dropped from a session high of $0.000012023 to a low of $0.00001119, following an intense wave of liquidations. In one of the most active hours of the day, trading volume surged to 6.91 trillion tokens, briefly setting a ceiling at $0.000011692 before sellers regained control.

Further pressure arrived during late-session trading, as price rejection at $0.000011549 coincided with a broader surge in trading activity, pushing volume beyond 85 trillion tokens. This flood of sell orders dragged the price down toward session lows and eroded any short-term recovery attempts.

Lack of Buying Interest Signals Bearish Sentiment

Technical signs of a potential bounce were quickly invalidated as PEPE failed to find meaningful support near $0.000011525. This level, which appeared to attract some attention earlier, couldn’t hold as a floor due to weak buying interest. Without fresh demand, the market lacked the momentum necessary to spark a turnaround.

This hesitation from buyers reflects broader uncertainty in the memecoin space, especially as investors shift focus toward more stable or utility-based tokens during turbulent periods.

Whale Selling and Exchange Outflows Highlight Market Caution

According to blockchain analytics provider Nansen, whale wallets holding PEPE decreased by 0.1% over the past week, a signal that large players may be cashing out or reallocating to other assets. At the same time, PEPE balances on centralized exchanges dropped by 0.5%, suggesting that retail investors may also be exiting or moving to self-custody amid price uncertainty.

The combination of whale selling and exchange outflows paints a cautionary picture. While exchange withdrawals can sometimes be bullish, in this context, the moves appear to reflect a broader market exit rather than accumulation.

Memecoin Sector Faces Broader Weakness

The PEPE price decline is not happening in isolation. The memecoin category as a whole is underperforming the broader cryptocurrency market, with other assets like DOGE and SHIB also struggling to maintain recent gains. This shift suggests that speculative appetite is fading, at least temporarily, as traders adopt a more defensive stance.

With PEPE showing a pattern of lower highs and increasing volume on red candles, technical signals point to further downside. Unless strong buying interest returns soon, analysts warn that the token may continue trending lower, possibly retesting deeper support levels in the coming sessions.

Q&A: PEPE Memecoin Price and Market Outlook

Why did PEPE drop nearly 5% today?

PEPE fell due to a combination of whale selling, massive trading volume during liquidations, and weak buying activity. This created downward momentum that pushed the price to $0.00001119.

Is whale activity affecting PEPE’s price?

Yes. Blockchain data shows a 0.1% drop in whale holdings and a 0.5% decrease in exchange balances, indicating that large holders and retail traders are reducing their positions.

What is the significance of lower highs on PEPE’s chart?

Lower highs typically signal a bearish trend, suggesting that buyers are unable to drive prices higher and that momentum is shifting toward sellers.

Is the memecoin sector underperforming the crypto market?

Yes. PEPE, along with other memecoins, is lagging behind larger-cap cryptocurrencies, which are showing more resilience or growth in recent sessions.

What support levels should traders watch?

A key level at $0.000011525 failed to hold. If selling pressure continues, traders may look toward earlier consolidation zones below $0.00001100 for signs of support.

Is now a good time to buy PEPE?

Given current market conditions, weak demand, and continued whale selling, PEPE appears risky in the short term. Investors should wait for clear signs of accumulation or a confirmed trend reversal before considering entry.

What would signal a reversal in PEPE’s price?

A reversal would likely require a surge in buying volume, a break above recent resistance zones, and a return to higher lows on the chart. Until then, the trend remains bearish.