- Whale sold 500 billion PEPE (worth $4.8M), briefly pushing the price below $0.0000094.
- PEPE outperformed its rivals while the meme-coin market fell about 3%.
- Whale holdings of PEPE on Ethereum rose 1.46% over the past month.
The meme-coin market experienced a jolt on Monday when a major PEPE holder moved tokens worth roughly $4.8 million, temporarily driving the price lower.
Despite the sell-off, PEPE has held up better than much of the meme-coin cohort, indicating that investor confidence has not evaporated.
On-chain data shows a large PEPE wallet transferred 500 billion tokens — about $4.8 million — to Binance, signaling either a significant sale or a repositioning of assets.
The same whale has been in a downtrend for weeks and has previously lost around $450,000 on earlier PEPE trades. Large transfers like this often disrupt liquidity and affect prices.
Immediately after the transfer, PEPE slipped roughly 1% that day, moving from highs near $0.00000992 to about $0.00000938 before recouping some losses.
The token remains stuck below the $0.00001 resistance level but still outperformed the wider meme-coin market, which fell nearly 3% over the same period.
Despite recent selling pressure, other major wallets quietly increased their positions. On-chain metrics indicate whale holdings of PEPE on Ethereum rose by approximately 1.46% in the last month.
PEPE now has a market capitalization of around $4.1 billion, with more than 420 trillion tokens circulating, securing its place among the top meme-coins by market value.
PEPE Price Outlook
In the short term, the price path for PEPE looks choppy, with traders watching support at $0.0000074 and resistance in the $0.0000098–$0.00001 range.
Market sentiment remains cautious: there is some fear, but not enough to trigger a broad sell-off. Many expect the token to drift sideways before any meaningful upward move.
Longer term, some analysts see room for slow but steady gains as meme-coins carve out a more stable niche within the crypto ecosystem.
Forecasts suggest PEPE could trend toward $0.0000117 by the end of 2025, supported by community initiatives and sustained retail interest in meme assets.
Crypto analysts caution that PEPE remains a high-risk, highly volatile asset, with large holders continuing to exert outsized influence on price.
The recent whale sell-off is a reminder of how quickly sentiment can shift in the meme-coin market, where speculative trading and social buzz often drive short-term moves.
Nevertheless, PEPE’s resilience after the September 1 sale — performing better than many peers — points to an underlying, steady demand.
In the coming weeks, the token’s direction will likely depend on a combination of whale activity and broader acceptance within the meme-coin ecosystem.
Traders are expected to watch major transfers and volume changes closely for signals about the market’s next move.