Why did the price of PEPE fall?
Pepe (PEPE) dropped 1.13% in the last 24 hours to $0.00000927, underperforming the overall crypto market, which fell 1.48%. Here’s a quick look at why:
- Technical breakdown – PEPE’s price fell below an important support level at $0.00000968.
- Market-wide caution – The crypto Fear & Greed Index showed increased fear, dragging PEPE and other altcoins down.
- Meme coin competition – Newer tokens like $LILPEPE attracted investors’ attention away from PEPE.
In-Depth Analysis
1. Technical Support Breakdown (Negative Signal)
PEPE’s price slipped below a key technical support level known as the 23.6% Fibonacci retracement at $0.00000968, as well as its 4-hour pivot point at $0.00000920. This triggered automatic sell orders. The Relative Strength Index (RSI14) is at 35.26, indicating the coin is oversold, but it hasn’t bounced back yet.
What this means:
This price drop breaks a short-term positive trend. The next support level to watch is the 38.2% Fibonacci retracement at $0.00000919. Trading volume is down about 50% compared to the past week, showing less buying interest and confirming the bearish trend.
Keep an eye on whether PEPE can stay above its 30-day Simple Moving Average (SMA) at $0.00001029. If it falls below this, losses could deepen to around 8.5% from current prices.
2. Broader Altcoin Weakness (Mixed Effect)
The crypto Fear & Greed Index dropped to 32 out of 100 on September 26, signaling “Fear” among investors. At the same time, Bitcoin’s dominance rose to 58.12%, which usually means investors are moving away from riskier altcoins like PEPE.
What this means:
Investors are playing it safe amid regulatory uncertainty, especially with ongoing talks between the UK and US about crypto rules (MEXC News). PEPE’s 24-hour trading volume fell to $774 million, down nearly 50% from the previous day, showing less appetite for risk.
3. Competition from New Meme Coins (Negative Impact)
New meme coins like Little Pepe ($LILPEPE) have raised $25 million in presales (Bitcoinist), while other established meme coins like BONK have seen price jumps of around 9% (CoinDesk).
What this means:
Traders are shifting their money to newer, potentially higher-return meme coins. Social media mentions of PEPE dropped 18% week-over-week (CMC Community), indicating that retail interest is fading.
Conclusion
PEPE’s recent price drop is due to a mix of technical factors, overall market caution, and competition from newer meme coins. Although the coin is oversold and could stabilize soon, it needs to climb back above $0.00000950 to avoid further losses.
Key point to watch: Can PEPE stay above the 30-day SMA at $0.00001029 during the next market recovery?
What could affect the price of PEPE?
PEPE’s price is caught between the excitement around memecoins and some underlying risks.
- Big Holders Buying and Selling – Moves by large investors cause short-term price swings
- Memecoin ETF Buzz – A potential DOGE ETF could bring more money into the space
- Competition from New Coins – New memecoins like Little Pepe challenge PEPE’s market share
- Supply Limits – The huge max supply of 420 trillion coins limits big price gains without major coin burns
1. Whale Activity (Mixed Effects)
What’s happening:
The top 1% of PEPE holders control 87% of all coins (Santiment), making the price very sensitive to their actions. Recently, whales bought 4.02 trillion PEPE in May 2025 but also sold $6.5 million worth in July, causing a 3% price drop.
Why it matters:
Because so few holders control most of the supply, big buys can push prices up 15-20%, but coordinated selling can cause sharp declines. The $0.000008 price level has been a key support from whales, but if it breaks, prices could fall faster.
2. Competition in the Memecoin Space (Bearish)
What’s happening:
New memecoins like Little Pepe ($LILPEPE) are addressing PEPE’s technical limits by using Ethereum Layer 2 solutions, which can handle 65,000 transactions per second compared to Ethereum’s 15 (Bitcoinist). PEPE’s share of the market dropped from 2.3% to 1.7% in Q3 2025 as investors moved to these newer projects.
Why it matters:
Without upgrades, PEPE risks being seen as outdated. Its price has already dropped 59% from its all-time high of $0.000026. Continued outflows could push it below the important $0.000007 support level.
3. Regulatory and ETF Developments (Bullish)
What’s happening:
The SEC is expected to decide on the REX-Osprey DOGE ETF by September 30. Approval could legitimize memecoins as investment options. PEPE’s price has a strong 30-day correlation of 0.82 with DOGE (CoinMarketCap).
Why it matters:
If approved, ETFs could bring over $500 million into memecoin funds, benefiting PEPE as well. But if rejected, the whole sector could see a 25-30% price drop.
Conclusion
PEPE’s future depends on whether its community’s enthusiasm can overcome technical challenges. ETF excitement and whale support could help it rebound to $0.000012, but failure to compete with newer coins might push it down to $0.000005. Watch the $0.000009 level closely—staying above it could mean buyers are stepping in, while falling below might signal more losses ahead.
Will PEPE’s frog-themed community keep its momentum against newer, more utility-focused memecoins?
What are people saying about PEPE?
The PEPE community is swinging between hopeful excitement and caution. Here’s what’s happening right now:
- Bullish signs point to a rise above $0.000012 if key support holds
- Big investors (whales) are buying, indicating confidence for the long term
- Risk of a drop if the price falls below $0.000009
In-Depth Look
1. @Bitget: Cup-and-handle pattern hints at a price jump — bullish
"PEPE’s cup-and-handle chart pattern suggests it could surge to $0.00002379. Open interest (the number of active contracts) has increased by 111.4% as traders get involved."
– @Bitget (1.2M followers · 12k views · 2025-05-22 18:02 UTC)
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What this means: This is a positive sign because more open interest means more traders are participating. However, meme coins like PEPE can quickly reverse if trading volume drops.
2. @Murad: Big holders hold steady vs. mixed price predictions — mixed signals
"20% of PEPE’s largest holders haven’t sold any coins since 2024, but Wallet Investor forecasts a price drop to $0.00000712 by the end of June."
– @Murad (CoinMarketCap Analyst · 45k views · 2025-06-09 10:12 UTC)
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What this means: This is a mixed picture. The fact that big holders are holding on supports the price, but conflicting forecasts show the market is still very unpredictable.
3. @Satori: Key support at $0.000009 is critical — bearish warning
"If PEPE falls below $0.000009, it could drop 65% to March lows. The MVRV ratio of -0.45 suggests the coin is undervalued right now."
– @Satori (Technical Analyst · 28k views · 2025-06-27 13:41 UTC)
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What this means: This is a warning sign in the short term. But historically, when the MVRV ratio hits similar lows, the price often bounces back if overall market conditions improve.
Conclusion
The outlook for PEPE is mixed. On one hand, positive chart patterns and strong buying by whales suggest potential gains. On the other hand, the recent 17% weekly drop shows how sensitive PEPE is to market shifts. Keep an eye on the $0.000009 support level — if it breaks, the price could fall further, but if it holds, PEPE’s community might rally again.
What is the latest news about PEPE?
PEPE is riding the wave of memecoin popularity but is facing new competition. Here’s the latest update:
- Weekly Gain (September 9, 2025) – PEPE rose 10% as interest in meme coins picked up.
- Shift in Focus (September 9, 2025) – Traders are moving toward newer tokens, putting PEPE’s lead to the test.
- New Rival (September 9, 2025) – “Little Pepe” raised $25 million to launch on Ethereum’s Layer 2 network.
In-Depth Look
1. Weekly Gain (September 9, 2025)
Summary: PEPE’s price increased by 10% over the week, outperforming Bitcoin’s 1.4% gain. It reached $0.00001074 with nearly 5.9 trillion tokens traded. Technical indicators showed steady buying interest, with the price repeatedly testing resistance at $0.00001082. The CoinDesk Memecoin Index also rose 11%, showing growing retail investor enthusiasm.
What this means: PEPE has strong short-term momentum, but it needs to hold above $0.00001017 to keep this trend going. Trading volume jumped 123% during the day, indicating confidence among traders. However, the Relative Strength Index (RSI) at 56.98 suggests it’s approaching an overbought level. (CoinDesk)
2. Shift in Focus (September 9, 2025)
Summary: Traders interested in memecoins are starting to explore newer projects like BONK, which gained 9%, and tokens offering features like staking and Layer 2 solutions. This shift caused PEPE’s 24-hour trading volume to drop slightly by 1.14%, though its market value remains strong at $3.82 billion.
What this means: This is a mixed to slightly negative sign for PEPE. While it still has good liquidity to handle price swings, the market is favoring tokens with practical uses, which challenges PEPE’s meme-only appeal. (CoinDesk)
3. New Rival (September 9, 2025)
Summary: A competing project called “Little Pepe” ($LILPEPE) is close to finishing a $25.4 million presale. It aims to solve Ethereum’s scalability problems by launching a custom Layer 2 network with zero fees and transactions that happen in less than a second.
What this means: If successful, this could put downward pressure on PEPE’s price. PEPE’s recent 59% drop from its all-time high partly reflects Ethereum’s current limitations. A strong Layer 2 competitor like $LILPEPE could attract speculative investors away. Keep an eye on exchange listings after the presale ends. (Bitcoinist)
Conclusion
PEPE is benefiting from the current popularity of memecoins but faces challenges from trader fatigue and new, innovative competitors. The big question is whether PEPE can stay relevant as the market shifts toward tokens with clearer practical uses, or if its community-driven approach will keep it strong against the hype of new projects. Watch for trading volumes staying above $1 billion and how the market reacts to $LILPEPE’s launch in October.
What is expected in the development of PEPE?
Pepe’s roadmap is driven by its community, focusing on growing exchange listings and increasing its presence as a popular meme coin.
- Tier 1 Exchange Listings (Phase 3) – Aim to get listed on major exchanges to improve trading volume and liquidity.
- Meme Takeover Campaign (Phase 3) – Boost social media presence to increase popularity and cultural impact.
- Community-Driven Initiatives (Ongoing) – Use the growing number of holders to maintain momentum in a decentralized way.
Deep Dive
1. Tier 1 Exchange Listings (Phase 3)
Overview: According to Pepe’s roadmap, Phase 3 focuses on getting listed on “tier 1” exchanges, though no specific exchanges or dates have been announced yet. Pepe is already available on platforms like Binance, KuCoin, and Gate.io, but it’s not yet on some major exchanges like Coinbase. Getting listed on these top exchanges usually leads to short-term price increases because more people can easily buy and sell the coin.
What this means: This is a positive sign for Pepe because tier 1 exchange listings can attract both big institutional investors and everyday traders, which helps stabilize trading activity. However, since meme coins often lack practical use cases, there’s a risk that listings could be delayed or rejected, which might cause price swings to continue.
2. Meme Takeover Campaign (Phase 3)
Overview: The team plans a “meme takeover,” which likely means a coordinated effort to make Pepe go viral on social media. Pepe has had success with this before, such as trending on Twitter during its 2023 price rally. However, recent updates don’t provide many details on upcoming campaigns.
What this means: This is neutral for Pepe’s outlook. Meme-driven hype can cause quick price jumps, but these are usually short-lived and depend heavily on overall market mood. While viral campaigns might spark renewed interest (like the 18% rally in July 2025), without real-world use, these gains might not last.
3. Community-Driven Initiatives (Ongoing)
Overview: Pepe’s anonymous team relies on organic growth, shown by its large and growing community of over 463,000 holders as of July 2025. Big investors, or “whales,” have been buying more Pepe recently (4.02 trillion PEPE in Q2 2025), and Open Interest—a measure of active trading—has increased to $636 million, indicating strong trader interest.
What this means: This is a good sign for Pepe because more holders and whale activity often come before price increases. However, many wallets (42%) hold zero balance, suggesting a lot of speculative trading. This means the price could drop sharply if market sentiment turns negative.
Conclusion
Pepe’s future depends largely on expanding its presence on major exchanges and maintaining social media buzz, rather than on new technology or practical uses. While tier 1 listings and viral campaigns could lead to short-term price gains, the lack of real utility makes Pepe vulnerable to changes in market sentiment. The big question is whether Pepe’s community can stay strong through the next market downturn or if the coin will lose momentum as hype fades.
What updates are there in the PEPE code base?
I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details come up, I should have them soon. In the meantime, please feel free to choose another question or coin for analysis.