Why did the price of PEPE fall?
Pepe (PEPE) dropped 1.27% to $0.00000930 in the last 24 hours, underperforming both the overall crypto market (-0.82%) and other memecoins (-3%). The main reasons include failed attempts to break resistance levels, large holders selling off, and bearish chart signals.
- Resistance Rejection – Sellers stepped in near $0.00000950, a key price point.
- Whale Selling – Big holders moved more tokens to exchanges, likely preparing to sell.
- Bearish Chart Pattern – A descending triangle suggests a risk of further price drops.
Deep Dive
1. Resistance Level Holds (Negative for Price)
What happened: PEPE struggled to rise above $0.00000950, which matches its 7-day average price ($0.00000939). Despite several tries, it couldn’t break this level, causing some traders to sell and triggering automatic stop-loss orders.
Why it matters: Resistance levels act like walls where sellers often take profits. The narrow trading range over 24 hours ($0.0000091–$0.0000094) shows traders are uncertain about the next move.
What to watch: If PEPE can push and stay above $0.00000950, it could signal a reversal of this bearish trend.
2. Large Holder (Whale) Selling Pressure
What happened: Data from Nansen shows the top 100 PEPE holders reduced their stakes by 0.11% in one day. At the same time, the amount of PEPE tokens held on exchanges rose to 253 trillion (up 0.2% since September 28). Trading volume also jumped 9.4%.
Why it matters: When whales move tokens to exchanges, it often means they plan to sell. This increases supply and puts downward pressure on the price, especially for smaller coins like PEPE.
Context: Over the past month, whales have sold about 7% of their PEPE holdings, contributing to a 10.23% price drop over 60 days.
3. Descending Triangle Pattern (Warning Sign)
What happened: Since late August, PEPE’s price has formed a descending triangle—a pattern with a flat support line at $0.00000915 and lower highs. If the support breaks, the price could fall as much as 45% to around $0.00000476.
Why it matters: This pattern suggests weakening buying interest. The Relative Strength Index (RSI) is at 40.64, which means the coin isn’t oversold yet and could still drop further.
Positive note: Memecoins like PEPE often bounce back quickly. The 24-hour open interest in PEPE derivatives remains high at $560 million, showing that traders using leverage are still active.
Conclusion
PEPE’s recent drop is driven by technical resistance, selling from large holders, and general weakness in memecoins. The descending triangle pattern raises concerns about further declines, but strong trading activity and a neutral market mood (Fear/Greed Index at 43) suggest the price could swing either way.
What to watch: Will PEPE hold its $0.00000915 support level, or will Bitcoin’s dominance (currently 58.3%) pull more money away from altcoins? Keep an eye on token flows to exchanges to track whale activity.
What could affect the price of PEPE?
PEPE’s price is caught between the risk of memecoin hype fading and the chance for a technical rebound.
- Whale Activity (Bearish) – Big holders have cut their PEPE holdings to 6.55 trillion tokens, the lowest since August 2024, increasing the chance of more selling.
- Technical Patterns (Mixed) – A descending triangle pattern points to a possible 45% drop, but an oversold RSI (36.64) suggests a short-term bounce might happen.
- Market Sentiment (Neutral) – The Fear & Greed Index at 43 shows cautiousness in crypto markets, but $560 million in derivatives open interest means traders are still engaged.
Deep Dive
1. Whale Exodus & Exchange Supply (Bearish Impact)
Overview:
The top 100 PEPE holders have reduced their holdings by about 1 trillion tokens since August 2025. Meanwhile, the amount of PEPE held on exchanges has increased to 253 trillion tokens (CoinMarketCap). This matches a 68% price drop from its 2024 peak, as big holders likely cash out amid growing memecoin fatigue.
What this means:
More tokens on exchanges usually mean more selling pressure, especially if PEPE falls below the $0.0000091 support level. In the past, similar whale sell-offs in June 2025 led to a 13% price drop within two weeks.
2. Technical Breakdown vs. Oversold Signals (Mixed Impact)
Overview:
PEPE is trading within a descending triangle pattern, with a potential target of $0.00000476 if it breaks below $0.0000091. However, technical indicators like the RSI at 36.64 and MACD histogram at -0.00000014 suggest the selling pressure might be overdone.
What this means:
If PEPE holds above $0.0000091, it could bounce back toward resistance at $0.0000098 (seen in July 2025). But if it breaks down, panic selling could speed up, especially since futures open interest has dropped 7.25% this week (Coinglass).
3. Memecoin Sector Volatility (Bearish Bias)
Overview:
The memecoin index dropped 3% on September 30, underperforming Bitcoin. New memecoins like XYZVerse and LILPEPE are attracting speculative money, while PEPE’s 365-day return on investment (-15.04%) trails behind Ethereum (-5.59%) and Bitcoin (-1.62%).
What this means:
PEPE’s price depends heavily on retail hype cycles. If investors turn cautious (“risk-off”), PEPE could fall below its 2025 lows. Still, viral social media trends or new exchange listings might cause short-term price spikes.
Conclusion
PEPE’s future depends on whether big holders stop selling and if the $0.0000091 support level holds. Although oversold signals point to a possible short-term bounce, the lack of real use cases and growing competition in memecoins suggest more downside risk. Keep an eye on daily closes below $0.0000091 and whale wallet activity through Nansen. Will PEPE overcome its technical challenges, or will memecoin fatigue take over?
What are people saying about PEPE?
The Pepe (PEPE) community is divided between hope and doubt as technical signals clash with downward price pressure. Here’s the latest:
- Bullish cup & handle pattern points to a possible 61% price jump 🚀
- Big investors (whales) quietly buying despite recent price drops 🐋
- Trump’s mysterious frog-related post sparks meme-driven excitement 🐸
In-Depth Look
1. @Clifton_Fx: Cup & Handle Breakout Likely – Positive Signal
"PEPE’s 12-hour chart shows a bullish cup & handle pattern – breaking above $0.00001476 could lead to a 61% rally up to $0.00002379."
– @Clifton_Fx (237K followers · 1.2M impressions · May 23, 2025, 06:30 UTC)
See original post
What this means: This chart pattern often signals that big traders are preparing for a price increase. If PEPE breaks above $0.00001476, it could trigger a rush of buying. But if it falls below that level, the current 15% monthly drop might continue.
2. @Santiment: Whales Holding 4.02 Trillion PEPE – Positive Sign
"Wallets holding between 10 million and 100 million PEPE have added 120 billion tokens since August, while tokens held on exchanges dropped by 2.3% – classic signs of accumulation."
– Santiment report (June 9, 2025, 10:12 UTC)
Read full analysis
What this means: When large holders buy more and fewer tokens are kept on exchanges, it usually means less selling pressure. This could help stabilize PEPE’s price, even though smaller investors remain cautious after a 28% drop over the last three months.
3. @CryptoKaleo: Trump’s “Mission from God” Post – Mixed Impact
"PEPE jumped 10% in one hour after Trump’s frog-related post on Truth Social, but couldn’t hold above $0.000015 resistance – typical meme coin volatility."
– Market update (May 30, 2025, 04:47 UTC)
View details
What this means: Political or meme-related news can cause quick price spikes, but these usually don’t last. PEPE’s buy/sell order ratio of 55% shows traders are mostly making short-term trades rather than holding for the long run.
Conclusion
The outlook for PEPE is mixed, with hopeful technical signs balanced against broader market challenges. Whale buying and bullish chart patterns suggest a chance for recovery, but PEPE’s price still depends heavily on Bitcoin’s performance and waning interest from everyday investors. Keep an eye on the $0.000011 to $0.000012 range—a steady move above this could confirm the cup & handle pattern, while falling below might test June’s low of $0.00000839. For PEPE, the line between meme hype and market reality is very thin right now.
What is the latest news about PEPE?
PEPE is facing downward pressure and changes in trading platforms – here’s the latest update:
- Price Drops 2.6% Amid Sector Decline (September 30, 2025) – PEPE failed to break through resistance at $0.000095, leading to a sell-off despite strong activity in derivatives trading.
- Warning Sign of Potential Crash (September 28, 2025) – A technical chart pattern called a descending triangle suggests PEPE could drop 45% if it falls below $0.0000052 support.
- Big Boost in BitMEX Trading Liquidity (September 25, 2025) – After upgrading to Amazon Web Services (AWS) in Tokyo, BitMEX saw a 2,000% increase in PEPE derivatives liquidity.
In-Depth Look
1. Price Drops 2.6% Amid Sector Decline (September 30, 2025)
Summary:
PEPE’s price fell 2.6% to $0.0000915. While this was a smaller drop than other memecoins (which fell 3%) and the overall crypto market (down 1.4%), sellers were active near the $0.000095 resistance level. Despite the price drop, the total value of open derivatives contracts stayed strong at $560 million. PEPE is now testing a weaker support level at $0.000091.
What this means: The price drop reflects a cautious mood across the crypto sector. However, steady derivatives trading suggests investors expect price swings ahead. If PEPE can close above $0.000095, it might regain momentum. But if it falls below $0.000091, losses could deepen. (CoinDesk)
2. Warning Sign of Potential Crash (September 28, 2025)
Summary:
PEPE’s price chart formed a descending triangle pattern, with a recent low of $0.000009155 — the lowest since June 2024. Data shows large holders (“whales”) reduced their PEPE holdings from 7.6 trillion tokens in August to 6.55 trillion. Meanwhile, the amount of PEPE available on exchanges rose to 253 trillion tokens.
What this means: This pattern suggests a possible 45% price drop to around $0.00000476 if the $0.0000052 support level breaks. However, the 100-day moving average at $0.00001180 may provide some short-term support. The fact that whales are selling and more tokens are on exchanges signals caution for investors. (Crypto.News)
3. Big Boost in BitMEX Trading Liquidity (September 25, 2025)
Summary:
BitMEX, a major crypto exchange, reported over a 2,000% increase in liquidity for PEPE derivatives after moving its systems to AWS in Tokyo. This upgrade allows for PEPE perpetual contracts with less price slippage and faster trade execution.
What this means: Better trading infrastructure could attract bigger investors and institutions. However, PEPE’s 24-hour trading volume is still 45% below its peak in 2024. The improved liquidity might help reduce extreme price swings during market changes. (CryptoPotato)
Conclusion
PEPE is currently facing technical challenges and cautious investor sentiment. Still, upgrades to trading platforms and strong derivatives activity suggest there’s hidden institutional interest. With the memecoin sector down 3% this week, the key question is whether PEPE can use its improved liquidity to break away from the overall market weakness.
What is expected in the development of PEPE?
Pepe’s future plans are driven by its community, focusing mainly on getting listed on major exchanges and growing its presence as a popular meme coin.
- Tier 1 Exchange Listings (Phase 3) – Working to get Pepe listed on top exchanges to increase trading activity.
- “Meme Takeover” Campaign (2025–2026) – Growing Pepe’s cultural impact through social media and partnerships.
- Anonymous Development Continuity – The team stays anonymous, relying on natural community growth without technical changes.
Deep Dive
1. Tier 1 Exchange Listings (Phase 3)
Overview:
Pepe aims to get listed on major, well-known exchanges as its final step, building on earlier listings like Binance and KuCoin (CoinMarketCap). Although there’s no set date, past listings have led to higher trading volumes—up 62.67% in a 24-hour period as of September 2025.
What this means:
This is good news for liquidity (how easily Pepe can be bought or sold) and for everyday investors. However, if these listings are delayed, it could hurt Pepe’s price, which has dropped about 11% over the past two months. Getting on top exchanges could help balance out the currently low trading activity.
2. “Meme Takeover” Campaign (2025–2026)
Overview:
Pepe plans to increase its cultural presence through a “meme takeover” campaign. This includes growing its community and social media buzz. For example, the number of Pepe holders jumped to 463,000 in July 2025 (CryptoNewsLand), and new wallet addresses increased by 42% that same month.
What this means:
This could lead to short-term price spikes driven by hype and speculation. However, since Pepe doesn’t have practical uses beyond being a meme coin, its long-term value is uncertain. If overall interest in crypto drops, Pepe’s price could be affected negatively.
3. Anonymous Development Continuity
Overview:
The Pepe team remains anonymous, staying true to the coin’s original design. There are no plans for technical upgrades or changes to how the token works, keeping its “no-tax, no-utility” approach.
What this means:
This makes Pepe less appealing to big investors or institutions who prefer transparency and ongoing development. But it keeps the coin true to its meme roots. The downside is that Pepe’s price depends heavily on retail traders, which can be unpredictable. Currently, Pepe’s 24-hour trading volume is $451 million, with a slight price drop of 1.66%.
Conclusion
Pepe’s roadmap focuses on getting listed on major exchanges and boosting its meme popularity, rather than technical improvements. While tier 1 exchange listings could help stabilize the price, the lack of features like token burns or staking limits its long-term usefulness. With the altcoin market showing some weakness (altcoin season index at 56, down 3.45% monthly), it remains to be seen if Pepe’s community can keep the momentum going through the next hype cycle.
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 become available, I should have them soon. In the meantime, please feel free to choose another question or cryptocurrency for analysis.