PEPE has been among the most affected meme coins in recent weeks. Many primary tokens in the category have seen up to 50% losses. The latest breakdown below a key support level has analysts warning that the token may struggle to hold its ranking. Some predictions indicate a further decline of up to 80% by the end of 2025.
Over the past 24 days, PEPE has recorded significant trading activity. The token’s price is trading at $0.000008383, reflecting a 3.00% increase in the last 24 hours. Its market cap stands at $3.52 billion, while the 24-hour trading volume is $768 million, marking a 14.92% surge. Despite this, bearish sentiment remains strong, with uncertainty surrounding future price stability.
Whale influence and market volatility
A large share of PEPE’s supply is concentrated among major holders, adding to its price volatility. Around 47.9% of all PEPE addresses belong to whales, while 68.3% are categorized as cruisers. The high proportion of short-term traders indicates that many investors are capitalizing on price swings rather than holding long-term. Compared to other assets, PEPE has a relatively minor number of long-term holders.
This whale dominance raises concerns about sudden sell-offs, which could trigger sharp declines. Analysts suggest that if PEPE loses its support, the next target could be $0.00000700. On the other hand, reclaiming the $0.000009 to $0.00001 range could shift sentiment from bearish to bullish.
Technicals indicate weak momentum as the RSI is below 40
The Relative Strength Index (RSI) stands at 36.77, indicating weak momentum but not yet fully oversold conditions. A move above 40 RSI could strengthen bullish momentum. Meanwhile, the Chaikin Money Flow (CMF) sits at 0.07, indicating slight buying pressure. If CMF rises above 0.10, stronger accumulation may be confirmed.
PEPE needs to break past $0.000009 to regain upward momentum. If it fails to hold its $0.000008 support, further downside toward $0.00000750 remains likely. Liquidations have slowed, with short liquidations dropping from $63 million to $7 million, suggesting a decline in volatility. However, increased trader caution indicates hesitation about a potential recovery.
With mixed signals from the market, PEPE’s future remains uncertain. Monitoring volume trends and broader market conditions will be essential for determining whether the token stabilizes or continues its decline.
