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PEPE falls 15% over seven days, settling at $0.0000072.
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A whale sold 68.76 billion PEPE for $509,500, realizing a profit of $427,000.
- Analysts predict a 150% rally for PEPE if it breaks the descending channel.
A sharp drop in investor confidence and ongoing volatility have erased billions from the meme-coin market.
Today the sector sits at roughly $46 billion and has seen declines among its largest tokens: Dogecoin, Shiba Inu, and PEPE.
PEPE drew particular attention after sliding 15% last week to $0.0000072.
The frog-themed meme coin is approaching key support levels, prompting renewed scrutiny from analysts and traders.
Technical indicators point to rising bearish pressure, with investors watching price action and whale behavior closely for clues about the next move.
PEPE down 70% from peak
On the daily chart, PEPE remains trapped in a dominant downtrend, having lost more than 70% from its highs.
The token recently bounced from $0.0000053 but remains capped by a long-term resistance trendline.
A short-term expanding channel has formed, suggesting increased volatility but no clear directional conviction.
Despite an intraday recovery of nearly 3%, momentum indicators such as the MACD and RSI paint a bearish picture.
The MACD and signal lines are approaching a negative crossover, while the RSI has slipped below the midpoint, signaling weak momentum.
Technically, PEPE may struggle to hold current levels unless it stages a breakout above resistance.
A whale sells $509k in PEPE
Adding to downward pressure, a major whale that had held PEPE since 2023 liquidated its position.
According to an OnchainLens tweet, the wallet sold 68.76 billion PEPE for 271.33 ETH, worth approximately $509,500.
Those tokens were originally bought for $82,000 on KuCoin, leaving the investor with a profit of about $427,000.
Although the gain was substantial, the whale could have profited up to $1.79 million had the sale occurred 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 maintain positive momentum in recent months.
Whale holdings rise by 22T in Q1
Despite the recent sale, overall whale activity remains constructive. Total PEPE holdings among whales rose from 337.75 trillion to 350.16 trillion during the first quarter of 2025.
The 22-trillion-token increase points to growing interest among high-volume traders, particularly in token-size brackets between 100 trillion and 10 trillion.
However, the largest wallets holding between 10 and 100 trillion PEPE reduced exposure by 7 trillion tokens.
This divergence in whale behavior highlights prevailing uncertainty in the meme-coin market, with some investors accumulating while others take profits or trim risk.
Analyst sees 150% upside potential
As prices consolidate near local support, some analysts believe a breakout could be on the horizon.
Crypto market analyst Jonathan Carter recently observed that PEPE is forming a descending channel, a pattern that can 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 of $0.000021 — implying potential gains of up to 150%.
Such a rally would require a notable 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 determine whether the token can reverse course or face further declines.