The Pepe (PEPE) coin is grappling with strong bearish momentum, witnessing a sharp 15.9% price drop in just 24 hours, bringing its value down to $0.00001253. This significant decline follows intense whale activity, injecting a massive amount of tokens into the market and intensifying selling pressure.
Whales Flood the Market, Triggering Volatility
Recent on-chain data reveals that whale investors have transferred over 1.1 trillion PEPE tokens to Binance within the past few days. The largest transactions include:
✅ 430 billion PEPE ($6.39 million) moved by wallet 0xfBfC…07Be
✅ 325.5 billion PEPE ($4.9 million) transferred by market participants.eth
✅ 200.88 billion PEPE ($2.85 million) sold off by 0xb1a2…6731
✅ 140.83 billion PEPE ($1.98 million) sent to Binance by 0xC7ac…BE36
These massive inflows have destabilized market sentiment, leading to increased volatility and uncertainty about PEPE’s near-term price action.
Many whales have recently sold off their entire $PEPE holdings.
0xfBfC…07Be deposited 430B $PEPE($6.39M) to #Binance 9 hours ago.
marketparticipant.eth deposited 325.5B $PEPE($4.9M) to #Binance 24 hours ago.
0xb1a2…6731 sold 200.88B $PEPE for 2.85M $USDC in the past 48… pic.twitter.com/oJlJpEUbtv
— Lookonchain (@lookonchain) January 27, 2025
Critical Support Levels Under Threat
Pepe Coin’s price has remained within a trading range of $0.00000633 to $0.00001461 since April 2024. However, repeated rejections at the upper resistance levels suggest a potential move lower.
🔻 Next Key Support: $0.00000782 – A breakdown here could send PEPE toward $0.00000633.
🔻 Bearish Scenario: If selling pressure continues, a 56% price decline from current levels could materialize, pushing PEPE to a new low.
Market Sentiment and Broader Crypto Trends
PEPE’s bearish movement aligns with a wider market downturn, as even top cryptocurrencies like Bitcoin (BTC) have fallen below $100,000. Meme coins tend to experience higher volatility, making them particularly susceptible to whale-driven market fluctuations.
With over 1.1 trillion PEPE tokens hitting exchanges, the market is at a critical juncture. Traders and investors should closely monitor whale activity and broader crypto trends to gauge potential price movements.
