Crypto News
PEPE is trading near $0.0000037, down 4.91% in 24 hours, even as on-chain data shows a single whale — wallet 0x2Dc8 — withdrawing another 800B $PEPE (~$3.08M) from Coinbase Prime. The withdrawal marks a return to accumulation for that address after an eight-month pause; eight months ago the same wallet pulled 600B $PEPE (then worth $7.32M), a position that is now down roughly $5M. Spot trading volume on PEPE is running 72% above average, with daily turnover holding between $367M and $437M, signalling demand has not thinned despite the drawdown.
Why it matters
The accumulation is happening against a softening macro tape: Bitcoin has pulled back below $78,000 after its early-week surge on President Trump's announcement extending a ceasefire with Iran, easing the geopolitical pressure that had compressed risk assets. Spot Bitcoin ETFs have absorbed more than $1.9B in recent inflows, led by BlackRock's iShares Bitcoin Trust — a tailwind that historically lifts high-beta memecoin majors, but only once BTC itself stabilises. PEPE's $1.62B market cap means the math on a re-rating from here still needs sustained institutional flow that, candidly, has not yet shown up at scale.
Market impact
The chart now frames a binary setup. $0.00000410 is the trigger: a clean daily close above it flips resistance into support and opens the path toward $0.0000052 and the December 2024 all-time high of $0.00002803. Below that, the range is $0.0000037–$0.0000041, with $0.00000361 the line that holds the structure intact — break it on volume and the next magnet sits near $0.0000030. For now, the broader memecoin complex is rotating aggressively into names outside the top ten, leaving PEPE's next leg dependent on whether Bitcoin stabilises above current levels first.
Frequently asked questions
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How much PEPE did whales accumulate this week?
On-chain data from Lookonchain shows wallet 0x2Dc8 withdrew another 800B $PEPE (~$3.08M) from Coinbase Prime in a single transaction, returning to accumulation after an eight-month pause.
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What is the key resistance level for PEPE price?
$0.0000041 is the trigger level. A clean daily close above it flips resistance into support and opens the path toward $0.0000052, while a break below $0.00000361 on volume weakens the setup toward $0.0000030.
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How far below its all-time high is PEPE trading?
PEPE peaked at $0.00002803 in December 2024 and is currently trading near $0.0000037, roughly 54% below that all-time high, with a market cap of about $1.62B.
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How does Bitcoin's pullback affect PEPE's outlook?
Bitcoin has dropped back below $78,000 after its early-week surge on President Trump's ceasefire extension with Iran. High-beta memecoins like PEPE tend to follow BTC price action rather than ETF inflows, so PEPE's next directional move likely waits on Bitcoin stabilising.
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What is the context of the broader memecoin market?
Memecoin market capitalisation is rotating aggressively into names outside the top ten, with traders scanning for asymmetric upside. PEPE's daily volume is 72% above average despite the 4.91% 24-hour decline, signalling demand has not thinned.
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Lookonchain
TheBlock
Crypto Capital Venture
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