PEPE, the meme coin that has captured retail trader attention throughout 2025, dropped more than 5% in 24 hours, but underlying data suggests increasing long-term investor interest may support a near-term recovery.
PEPE Price Drop: Volume Surge Drives Volatility
PEPE’s price slid from $0.000014167 to $0.000012915, marking a 5.1% intraday loss before stabilizing at $0.0000131. The sharpest declines occurred during a high-volume window, with trading surging to 13.02 trillion tokens per hour—a figure more than four times the average of 3.2 trillion.
This dramatic volume spike signals forced selling and profit-taking, common in short-term meme coin rallies.
Whale Wallets Increase Holdings Despite Decline
In contrast to the bearish price action, on-chain data shows accumulating behavior among large holders:
- Whale wallets (top 100 addresses) increased PEPE holdings by 3.2% over the past 30 days.
- Exchange balances declined by 2.5%, indicating reduced available supply.
This shift in token concentration supports a thesis that whales are quietly buying the dip, a common strategy during volatile phases in speculative tokens.
Technical Analysis: Support and Resistance Zones Hold Firm
PEPE has been trading within a tightly defined range, with $0.000014150 acting as strong resistance, repeatedly rejecting upward moves. On the downside, $0.000013 has emerged as a reliable support level, with multiple bounces confirming its role as a price floor.
Consistent buy-side activity between 300–400 billion tokens per hour late in the session further reinforces the idea that short-term capitulation may be easing.
Sentiment and Search Trends Align with Recovery Potential
Google search interest in PEPE spiked on July 22, peaking just before the crash, indicating growing retail attention. Historically, such patterns suggest speculative interest often precedes accumulation phases, especially when coupled with decreased exchange supply.
Conclusion: Short-Term Weakness, Long-Term Accumulation
While PEPE faced a sharp selloff driven by hype exhaustion and high-volume exits, market behavior suggests underlying accumulation. Whale wallets are expanding their exposure, and exchange supply is falling, two signs that often precede a rebound in memecoin cycles.
If $0.000013 continues to hold as support, and whale accumulation persists, PEPE could see renewed momentum as short-term volatility fades and speculative interest returns.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.