PEPE Faces Technical Weakness Amid Whale Selling and Market Turbulence
The frog-themed memecoin PEPE has experienced a significant 5% decline over the past 24 hours, continuing its downward trend that has seen the asset lose nearly a quarter of its value within just seven days. This persistent selloff reflects broader weakness across the memecoin sector and heightened whale activity that continues to weigh heavily on investor sentiment. Currently trading at $0.0000075 with a market capitalization of $3 billion, PEPE demonstrates mounting technical weakness as traders rotate away from speculative crypto assets. The combination of large holder selling pressure and sector-wide turbulence creates a challenging environment for PEPE's recovery prospects. Market analysts are closely monitoring whether the current price level can establish support or if further declines are imminent given the prevailing market conditions and shifting trader preferences toward more established cryptocurrencies.
PEPE Slips 5% Amid Whale Selling and Broader Memecoin Weakness
Pepe, the frog-themed memecoin, continues its downward trajectory with a 5% drop over the past 24 hours. The asset has now lost nearly a quarter of its value in seven days as whale activity and sector-wide turbulence weigh on sentiment.
Trading at $0.0000075 with a $3 billion market capitalization, Pepe shows mounting technical weakness. The selloff mirrors broader pressure across speculative crypto assets as traders rotate capital into more established projects.
PEPE Price Uncertainty Amid $19B Liquidation Event Sparks Opportunity for AI Tokens
The cryptocurrency market faces turbulence following a historic $19 billion liquidation event, described by analysts as a 'controlled deleveraging.' PEPE's price trajectory appears particularly vulnerable, with traders divided on whether the crash resulted from organic market forces or coordinated manipulation by market makers.
Open interest on decentralized exchanges plummeted from $26 billion to under $14 billion, triggering cascading liquidations. Crypto lending protocols experienced unprecedented fee surges as systems strained under pressure. The event has created a rare buying opportunity for tokens like DeepSnitch AI, designed to capitalize on market volatility.
While some view the crash as a necessary market correction, others allege deliberate liquidity manipulation. The controversy highlights the fragile equilibrium between leverage and liquidity in cryptocurrency markets.
Pepe Coin Under Pressure as Whale Activity Intensifies
Pepe Coin faces mounting selling pressure as whale transactions dominate market activity. The meme cryptocurrency, now trading NEAR $0.000006 with a $2.9 billion market capitalization, shows conflicting signals from large holders. While some whales dumped over 1.5 trillion PEPE tokens ahead of the recent 4.6% price drop, others strategically accumulated positions, withdrawing 657.8 billion PEPE ($4.4 million) from exchanges.
Exchange inflows currently outpace withdrawals, indicating short-term bearish sentiment. The market remains volatile with $590 million in daily trading volume, exacerbated by high leverage in futures markets triggering liquidations. Long-term holders continue building positions despite the turbulence, creating a divergence between immediate price action and potential accumulation patterns.
For sustained recovery, PEPE needs stronger evidence of accumulation, reduced exchange deposits, and increased trading volume. The current whale activity suggests a battle between profit-taking and strategic accumulation, leaving the short-term trajectory uncertain.
Crypto Execs Attend Trump Fundraiser Amid Market Uncertainty, PEPE Coin Struggles
Top cryptocurrency executives, including representatives from Gemini, Coinbase, and Ripple, attended a WHITE House fundraiser hosted by former President Donald Trump. The event, aimed at raising $250 million for a new ballroom, underscores the growing political influence of the crypto industry. This development comes during a US government shutdown and a fragile market recovery from October's downturn.
PEPE coin's price prediction has weakened significantly, prompting investors to seek alternatives like DeepSnitch AI—a Stage 2 presale project blending meme culture with utility. The token's presale claims potential returns of up to $90,000 for early buyers, capitalizing on current market sentiment.
While major firms like Meta and Google also participated in the fundraiser, the crypto industry's presence signals heightened Washington engagement. Market observers note this political maneuvering contrasts with ongoing regulatory uncertainty and Bitcoin's stagnant price action below key resistance levels.