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PEPE falls 15% over seven days, trading at $0.0000072.
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Whale sells 68.76B PEPE for $509,500, realizing $427,000 in profit.
- Analyst forecasts 150% PEPE rally if falling channel breaks.
A sharp drop in investor confidence and ongoing volatility have wiped billions from the meme-coin market.
The sector, now valued at about $46 billion, has seen declines across its largest tokens — Dogecoin, Shiba Inu and PEPE.
Among them, PEPE has drawn particular attention after sliding 15% in the past week to trade at $0.0000072.
The frog-themed meme coin is approaching key support levels, sparking renewed interest from analysts and traders alike.
Technical indicators point to mounting bearish pressure, with market participants watching price action and whale behavior closely for clues about the road ahead.
PEPE down 70% from peak
On the daily chart PEPE remains caught in a prevailing downtrend, having lost more than 70% from its highs.
The token recently pulled back from $0.0000053 and remains capped by a long-term resistance trendline.
A short-term expanding channel has formed, suggesting heightened volatility but no clear directional bias.
Despite a brief intraday recovery of nearly 3%, indicators like the MACD and RSI paint a bearish picture.
The MACD and signal lines are approaching a negative crossover while the RSI has dipped below the midpoint, signaling weak momentum.
The technical setup suggests PEPE may struggle to hold current levels unless it breaks above resistance.
Whale sells $509k in PEPE
Adding to the pressure, a prominent PEPE whale that accumulated since 2023 has liquidated its position.
According to a report from OnchainLens, the wallet sold 68.76 billion PEPE tokens for 271.33 ETH, valued at roughly $509,500.
The tokens were originally purchased for about $82,000 on KuCoin, giving the investor a realized profit of $427,000.
While the return was substantial, the whale could have earned as much as $1.79 million had it sold at PEPE’s peak price.
The timing of the sale suggests waning long-term confidence from early backers, especially as the token has struggled to sustain upward momentum in recent months.
Whale holdings rise by 22T in Q1
Despite the recent sale, broader whale activity remains positive. Total PEPE holdings among whales rose from 337.75 trillion to 350.16 trillion in Q1 2025.
The 22 trillion PEPE increase indicates growing interest from high-volume traders, particularly within the 100 billion to 10 trillion token brackets.
However, the largest wallets holding 10 trillion to 100 trillion PEPE reduced exposure by 7 trillion tokens.
This divergence in whale behavior highlights ongoing uncertainty in the meme-coin market, with some investors accumulating while others take profits or trim risk.
Analyst sees 150% rally chance
As prices consolidate near local support, some analysts believe a breakout could be on the horizon.
Cryptomarket analyst Jonathan Carter recently noted that PEPE is forming a falling channel pattern, which can sometimes precede a bullish reversal.
According to Carter, a break above the 50-day moving average could trigger a rally toward $0.0000093, with a longer-term target near $0.000021 — implying potential gains of up to 150%.
Nonetheless, such a rally would require a clear shift in sentiment and confirmation through price action.
For now, traders continue to monitor PEPE’s interaction with resistance levels, daily volume trends and wallet activity to assess whether the token can reverse its downtrend or head to another lower leg.