PEPE Memecoin Faces Bearish Pressure as Whale Activity Sparks 5% Drop

PEPE, the popular meme-inspired cryptocurrency, experienced a significant downturn over the past 24 hours, shedding nearly 5% of its value amid heightened whale selling and exchange outflows. The token's price slid from $0.000012023 to $0.00001119, with bearish momentum overpowering attempts at recovery. Trading activity surged dramatically, with volume hitting 6.91 trillion tokens in a single hour, while resistance at $0.000011692 capped upward movements. Late-session rejections at $0.000011549 further accelerated the decline, pushing total volumes beyond 85 trillion tokens. This sell-off highlights the volatility inherent in meme coins and underscores the impact of large holder movements on market sentiment. As of August 6, 2025, traders are closely monitoring whether Pepe can stabilize or if further downside is imminent given the current market dynamics.

PEPE Memecoin Slides 5% Amid Whale Selling and Exchange Outflows

PEPE, the meme-inspired cryptocurrency, tumbled nearly 5% in the past 24 hours as whale selling and exchange outflows rattled traders. The token slid from $0.000012023 to $0.00001119, with bears dominating attempts at recovery. Trading volume spiked to 6.91 trillion tokens in a single hour, capping gains NEAR $0.000011692.

Late-session rejections at $0.000011549 accelerated the decline, pushing volumes past 85 trillion tokens. Failed support at $0.000011525 highlighted market reluctance, signaling potential further downside. PEPE underperformed both the CoinDesk 20 Index (-1.35%) and the Memecoin Index (-6%), underscoring the sector's volatility.

Nansen data reveals whale holdings dropped 0.1% weekly, while exchange reserves fell 0.5%. The chart pattern—lower highs and intensifying sell pressure—paints a bearish technical outlook for the frothy asset.

Top Analysts Favor Pepe Dollar in Meme Coin Presale Race Amid 2025 Bull Run

As the 2025 crypto bull run gains momentum, meme coin presales are capturing investor attention. Pepe Dollar (PEPD), Neo Pepe (NEOP), and Lil Pepe (LILPEPE) emerge as frontrunners, with analysts highlighting PEPD's unique deflationary model and roadmap as key differentiators.

Pepe Dollar combines meme virality with tokenomics mimicking Federal Reserve mechanics—its 'Federal Reserve Shutdown' burns systematically reduce supply. Layer-2 integrations and planned meme-centric utilities position it beyond typical joke coins. The presale has already achieved 60% completion, drawing comparisons to Pepecoin's historic performance.

While NEO Pepe's DAO structure generates hype, its unfinished roadmap raises questions. Market participants increasingly view PEPD's staged sales and anti-whale mechanisms as the most credible path to replicating PEPE's millionaire-making returns.

PEPE Plummets 32% From July Peak Amid Macroeconomic Jitters

Meme cryptocurrency PEPE tumbled nearly 4% in 24 hours, extending its decline to 32% from July highs as traders fled speculative assets. The sell-off coincided with former BitMEX CEO Arthur Hayes liquidating his $414,000 PEPE position alongside other altcoins, citing looming U.S. tariff policies as a macroeconomic risk.

New import levies of up to 41% on goods from 90 countries, effective August 7, have rattled crypto markets. PEPE's trading volume surged to 3.26 trillion tokens during the downturn, signaling capitulation as price collapsed from $0.00001083 to $0.00001002. Despite late-session attempts to stabilize, the token remains mired near session lows.