Why did the price of PEPE fall?
Pepe (PEPE) dropped 4.78% in the last 24 hours, underperforming the overall crypto market, which fell by 2.91%. Here’s why:
- Memecoin sector weakness – PEPE followed similar coins like DOGE and SHIB, which also fell about 5% due to profit-taking.
- Technical breakdown – PEPE’s price fell below a key support level at $0.00000930, triggering automatic sell orders.
- Whale activity – Large holders (whales) increased the amount of PEPE held on exchanges by 0.35%, suggesting they are selling to take profits.
Deep Dive
1. Memecoin Sector Weakness (Negative Impact)
Overview:
The memecoin market dropped roughly 5% in the past day (CoinJournal), mainly due to investors cashing out profits and concerns about broader economic factors like Federal Reserve interest rate signals and Japan’s fiscal policies. PEPE’s trading volume also fell 12%, showing less interest from everyday traders.
What this means:
Memecoins like PEPE are very sensitive to market sentiment. The whole memecoin market, valued at about $82 billion, dropped 8% in 24 hours as traders moved money into safer investments, which made PEPE’s price fall even more.
What to watch:
If Bitcoin’s market dominance (currently 58.56%) increases, it could put more pressure on memecoins like PEPE to decline further.
2. Technical Breakdown (Bearish Momentum)
Overview:
PEPE’s price fell below the important support level of $0.00000930, which is close to its 7-day average price ($0.00000988). The Relative Strength Index (RSI) is at 44.84, indicating downward momentum but not yet oversold.
What this means:
Breaking this support level canceled out short-term positive trends and triggered stop-loss orders (automatic sales to limit losses). According to Fibonacci retracement analysis, the next support level is around $0.00000888.
What to watch:
If PEPE’s price can climb back above $0.00000930, it might start a short-term recovery. However, if it stays below $0.00000900, it could fall further to the June low of $0.00000833.
3. Whale Profit-Taking (Mixed Effects)
Overview:
The top 100 PEPE holders have increased their holdings by 4.28% over the past month, but the amount of PEPE held on exchanges rose by 0.35% last week (Coindesk).
What this means:
Big investors bought more PEPE during price dips but have likely sold some recently near $0.00000950 to take profits. More PEPE on exchanges means there’s more available to sell, which can add short-term downward pressure on the price.
Conclusion
PEPE’s recent price drop is due to a mix of overall memecoin market weakness, technical selling triggers, and mixed behavior from large holders. While the coin may bounce back if it becomes oversold, it’s important for PEPE to regain the $0.00000930 level to support a recovery.
Key point to watch: Will PEPE hold the $0.00000888–$0.00000900 support range, or will a rise in Bitcoin’s dominance lead to further selling pressure on memecoins?
What could affect the price of PEPE?
Pepe’s price is caught between the unpredictable swings of memecoin trading and careful buying by big investors.
- Whale Activity – Large holders buying and selling cause short-term price changes
- Market Mood – Demand for memecoins depends on Bitcoin’s market share and shifts in altcoin interest
- Technical Outlook – Support at $0.0000090 could lead to a price rebound if it holds
Deep Dive
1. Whale Accumulation vs. Profit-Taking (Mixed Impact)
Overview:
The top 100 Pepe (PEPE) holders on Ethereum increased their holdings by 4.28% over the past month (CoinDesk). However, the amount of PEPE held on exchanges rose slightly by 0.35% in late September 2025, indicating some selling pressure. Recently, whales moved about 1 trillion PEPE tokens to Binance, worth roughly $9.1 million at current prices, creating sell walls that can slow price gains.
What this means:
Long-term holders accumulating PEPE could help stabilize the price. But if large sell-offs happen near resistance levels (around $0.00001007), it might trigger rapid price drops as traders rush to exit. With $645 million in open PEPE futures contracts, the market is sensitive—if the price breaks above $0.00001120, short sellers might be forced to buy back quickly, pushing prices up. On the other hand, failure to break resistance could lead to sharp declines.
2. Memecoin Market Health (Bearish Pressure)
Overview:
The overall memecoin market shrank by 9.5% in June 2025 as Bitcoin’s dominance rose to 58.74%. PEPE’s performance lagged behind the CoinDesk Memecoin Index by 2% last week. Meanwhile, competitors on the BNB Chain like BROCCOLI are attracting retail investors, pulling liquidity away from PEPE.
What this means:
PEPE needs a boost from the broader memecoin market to recover from its 27% drop over the last 90 days. The Altcoin Season Index, which measures how much money is flowing into altcoins versus Bitcoin, is at 42—down 25% from last month—showing that investors currently prefer Bitcoin over riskier altcoins. Until Bitcoin’s dominance falls below 55%, PEPE’s price rallies may be limited.
3. Technical Rebound Potential (Bullish Catalyst)
Overview:
Technical indicators like the RSI (Relative Strength Index) at 44.84 and a positive shift in the MACD histogram suggest that downward momentum is weakening. The $0.0000090 price level matches a key Fibonacci retracement and previous lows from May 2025, marking an important support zone where buyers have stepped in before.
What this means:
If PEPE holds above $0.0000090, it could bounce back by 23-38% toward resistance near $0.00001120 (seen in July). However, the 200-day moving average at $0.00001122 and a downward trendline from the all-time high of $0.000028 create strong resistance overhead.
Conclusion
PEPE’s near-term direction depends on maintaining support at $0.0000090 and a recovery in memecoin market sentiment. Keep an eye on Bitcoin’s dominance (currently 58.74%) and changes in PEPE’s largest holders’ balances. A drop below 55% Bitcoin dominance or increased buying by whales could signal a shift in trend. The question remains: can PEPE’s 463,000 holders weather the current low liquidity environment?
What are people saying about PEPE?
The Pepe (PEPE) community is caught between hopeful excitement and cautious realism as meme-inspired enthusiasm meets market facts. Here’s what’s happening right now:
- Traders watch for a bounce within an upward price channel
- Large investors (whales) keep buying despite a price drop
- Telegram founder Durov’s PEPE purchase fuels meme buzz
Deep Dive
1. @CryptoHulk: Upward price channel holds – positive sign
"PEPE’s support around $0.00001387 might lead to a 4% price increase to $0.00001440 if the pattern holds."
– @CryptoHulk (89K followers · 210K impressions · 2025-07-23 01:26 UTC)
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What this means: This is a good sign for PEPE because it shows traders are defending important price levels. However, if the price falls below $0.00001360, this positive outlook could be invalidated.
2. @Santimentfeed: Big holders increase PEPE holdings – positive sign
"Top wallets holding between 10 million and 100 million PEPE tokens have added 120 billion tokens since August, even though the price dropped 11%."
– @Santimentfeed (312K followers · 1.2M impressions · 2025-08-20 04:06 UTC)
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What this means: This shows that large investors see value in PEPE below $0.000010 and are buying more, which is a positive sign. However, everyday investors remain uncertain.
3. @TON_Announce: Durov’s $50K PEPE purchase – neutral impact
"Telegram’s founder spent $50,000 on a PEPE NFT on the TON blockchain – sparking memes about the ‘CEO knowing the risky moves’."
– @TON_Announce (1.4M followers · 3.8M impressions · 2025-08-14 23:10 UTC)
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What this means: This event doesn’t directly affect PEPE’s price but helps keep the community engaged and highlights the cultural importance of meme coins.
Conclusion
Opinions on PEPE are mixed, balancing hopeful technical signs with broader market challenges. While big investors keep buying and traders spot promising patterns, PEPE faces a key support level at $0.00001016. If it falls below this, it could trigger panic selling. Keep an eye on the buy orders dominating 55% of the order book for signs that everyday investors are stepping back in.
What is the latest news about PEPE?
PEPE is showing mixed signals right now. It’s testing an important support level during a selloff in memecoins but also shows signs that big investors, or “whales,” are buying. Here’s the latest update:
- Price Tests Key Support (October 8, 2025) – PEPE’s price dropped 7%, approaching a critical support level around $0.0000090.
- Whale Activity Stands Out (October 8, 2025) – Despite the price drop, the largest holders increased their PEPE stakes.
- BNB Memecoin Boom Draws Attention (October 8, 2025) – Memecoins on the BNB Chain are gaining traction, pulling focus away from PEPE on Ethereum.
In-Depth Look
1. Price Tests Key Support (October 8, 2025)
What happened:
PEPE’s price fell 7% to about $0.00000931, testing the $0.0000090 support level amid a wider selloff in memecoins. The CoinDesk Memecoin Index dropped 4.3%, influenced by broader economic concerns like Federal Reserve interest rate signals and Japan’s fiscal policies, as well as risks specific to the memecoin market such as large token holdings by insiders. PEPE’s Relative Strength Index (RSI), a measure of whether an asset is overbought or oversold, hit 36, which is close to oversold territory. Trading volume also decreased by 12% to $658 million.
What this means:
This is a neutral to slightly bearish sign in the short term. The $0.0000090 level has historically been an area where buyers step in, but if the price falls below this, it could trigger panic selling. Supporters of PEPE need to hold this level to avoid a deeper drop toward $0.0000085. (CoinJournal)
2. Whale Activity Stands Out (October 8, 2025)
What happened:
Even though the price dropped, the top 100 PEPE wallets increased their holdings by 0.26% over the past week. Meanwhile, the amount of PEPE held on exchanges rose only slightly by 0.35%. Futures contracts, which allow traders to bet on price changes, showed open interest near $645 million, indicating that leveraged traders expect volatility.
What this means:
This is a cautiously positive sign. When large holders accumulate during price dips, it often signals confidence and can precede price rebounds. However, the slight increase in tokens held on exchanges suggests some selling pressure from smaller investors. It’s important to watch how these opposing forces play out. (Yahoo Finance)
3. BNB Memecoin Boom Draws Attention (October 8, 2025)
What happened:
Memecoin trading volume on the BNB Chain reached $82 million in 24 hours, nearly matching Ethereum’s memecoin activity. Tokens themed around Binance CEO CZ and Binance itself surged, while PEPE’s price dropped 7% as capital shifted to BNB-based memecoins.
What this means:
This is a negative sign for PEPE’s current momentum. The BNB Chain’s lower transaction fees are attracting speculative investors, which puts pressure on Ethereum-based memecoins like PEPE. However, PEPE’s strong liquidity, with a daily trading volume of $553 million, could help it maintain stability. (CoinDesk)
Conclusion
PEPE’s future depends on whether it can hold the $0.0000090 support level and if Ethereum can regain momentum against the rising popularity of BNB memecoins. Whale buying suggests long-term confidence, but retail investors remain cautious. The key question is whether PEPE’s oversold RSI will lead to a price bounce or if BNB’s hype will continue to overshadow it.
What is expected in the development of PEPE?
Pepe’s roadmap is guided by its community, with no confirmed technical updates planned. The main goals focus on getting listed on more exchanges and growing its presence in meme culture.
- Tier 1 Exchange Listings (2025) – Aim to get listed on major centralized exchanges to increase trading activity.
- “Meme Takeover” Campaign (2026) – Boost popularity through viral social media efforts.
- Community-Driven Initiatives (Ongoing) – Encourage decentralized participation through memes and partnerships.
Deep Dive
1. Tier 1 Exchange Listings (2025)
Overview: PEPE’s roadmap includes a goal to be listed on top-tier exchanges as part of its third phase. It’s already available on platforms like Binance and KuCoin, but the team may try to get on other big exchanges such as Coinbase to make it easier for more people to trade. There’s no set timeline, but this remains an important focus.
What this means: Getting on more major exchanges is generally good for PEPE because it can lead to more trading and attract more investors. However, delays or regulatory issues could slow this down.
2. “Meme Takeover” Campaign (2026)
Overview: The roadmap mentions a “meme takeover” campaign, which probably means running social media promotions, working with influencers, and hosting meme contests to increase PEPE’s visibility. For example, the price jumped 18% on August 15, 2025, partly due to hype from retail investors.
What this means: This is a mixed signal for PEPE. Meme-driven price spikes can be short-lived, so long-term success depends on growing a genuine community rather than just viral moments.
3. Community-Driven Initiatives (Ongoing)
Overview: PEPE doesn’t have a formal development team or a detailed technical plan. Instead, it relies on its community to keep things moving. The number of holders has grown to over 463,000 as of July 2025, and large investors have bought 4.02 trillion PEPE since February 2025, showing strong grassroots support.
What this means: This is neutral for PEPE because while community involvement helps keep the coin active, the lack of new features or improvements makes it vulnerable to changes in market mood.
Conclusion
PEPE’s future depends more on expanding exchange access and meme popularity than on technical progress. Without built-in utility, its success is tied to overall crypto market trends and retail investor excitement. It remains to be seen how growing interest in altcoins with “real utility” will affect PEPE’s place in the memecoin world.
What updates are there in the PEPE code base?
No recent updates have been made to PEPE’s codebase.
- No Code Changes in 2025 – There have been no new commits, upgrades, or changes to the protocol.
- Stable ERC-20 Token – PEPE continues to operate on Ethereum’s secure platform without any modifications.
Deep Dive
1. No Code Changes in 2025
Overview: PEPE’s development seems to have paused, with no new activity on GitHub or any technical improvements reported this year.
As a meme token built on Ethereum’s ERC-20 standard, PEPE doesn’t have a public development plan or visible contributors making updates. Its whitepaper describes it as a simple “pure memecoin” without any added features, which explains the lack of code updates.
What this means: This is neither good nor bad for PEPE. Its value mainly depends on community interest and social buzz rather than technical progress. However, if other meme coins start adding new features, PEPE’s lack of updates could make it less competitive over time.
2. Stable ERC-20 Token
Overview: PEPE continues to use Ethereum’s Proof-of-Stake network for security, without changing its underlying protocol.
The token depends on Ethereum’s decentralized network of validators and smart contracts. There have been no announcements about audits, bug fixes, or improvements this year, which suggests confidence in the current code’s stability.
What this means: This is neutral for PEPE. Ethereum’s strong security offers reliability, but some cautious investors might worry about the absence of independent security checks, especially during market downturns.
Conclusion
PEPE’s code remains unchanged, reflecting its role as a low-maintenance memecoin. Without technical upgrades or reported vulnerabilities, its future depends largely on market trends and community support. The question remains: how will PEPE’s static development approach hold up against meme coins with more active development and ecosystems?