PEPE Memecoin Faces Short-Term Dip Amid Accumulation by Large Holders
Pepe (PEPE), the frog-themed memecoin that gained significant traction earlier this year, has experienced a 4% decline over the past 24 hours, underperforming the broader cryptocurrency market. This drop aligns with a 3% decrease in the CoinDesk Memecoin Index (CDMEME), while the CoinDesk 20 (CD20) saw only a marginal 0.1% dip. Despite the recent downturn, on-chain data indicates accumulation by large holders, suggesting potential long-term confidence in the asset. As of August 17, 2025, the memecoin sector appears to be cooling, but PEPE's fundamentals and holder behavior may hint at future resilience or recovery.
PEPE Memecoin Slides 4% as Sector Lags Behind Broader Crypto Market
Pepe (PEPE), the frog-themed memecoin that captivated traders earlier this year, dipped 4% in the past 24 hours amid cooling activity across the meme token sector. The CoinDesk Memecoin Index (CDMEME) reflected a 3% decline, starkly underperforming the broader market's marginal 0.1% drop, as measured by the CoinDesk 20 (CD20).
Despite the downturn, on-chain data reveals accumulation by large holders. The top 100 Ethereum-based Pepe wallets increased their holdings by 1.5% over 30 days, while exchange reserves dwindled 0.5%, per Nansen analytics.
Technical charts show PEPE oscillating between $0.0000081, with a 7% intraday spread. Repeated attempts to breach $0.000012 met sell walls, leaving the token consolidating between $0.00001181 and $0.00001198 before settling at $0.0000118. The failure to reclaim $0.000012 resistance signals persistent distribution pressure.
Pepe Coin Faces Volatility Amid Whale Sell-Off, Analyst Eyes Potential Rebound
Pepe coin (PEPE) dropped 7.4% to $0.00001119 amid heavy whale selling, with over 400 billion tokens dumped in 24 hours. IntoTheBlock data reveals whale holdings plummeted from 1.09 trillion to 610 billion tokens, triggering $6M+ long liquidations.
Despite the sell-off, analyst CryptoElites identifies a historical support level that could catalyze a 40x rally to $0.00039 if defended. "Every touch of this support has sparked rebounds," they note, suggesting PEPE's uptrend remains intact despite short-term turbulence.
Pepeto and Little Pepe Vie for Dominance in Emerging Memecoin Market
Pepeto is gaining traction with its unique blend of meme culture and utility-focused features. Priced at $0.000000147, the project has raised over $6.19 million in its presale, which is nearing its final stage before transitioning to Stage 10. A demo version of its zero-fee exchange is already live, bolstering credibility ahead of its first listing.
The project leverages a cross-chain bridge and offers 244% staking rewards, targeting a community that has surpassed 100,000 followers. Phase 2 will see Pepeto's exchange open for listing applications, positioning it as a hub for legitimate memecoin projects.
Meanwhile, Little Pepe enters the fray with LAYER 2 scaling solutions, signaling intensified competition in the memecoin sector. Both projects exemplify how meme assets are evolving beyond speculative tokens into ecosystems with tangible infrastructure.
