Pepe coin price trades around $0.000012 after falling 17% in the past 24 hours. This follows a 28% drop last week. One of the reasons for this sustained crash and what might happen next to PEPE is the selling pressure from whales who have offloaded more than a trillion tokens. How low can price crash?
Pepe Coin Price Breaks Key Support as Whales Sell 1.1 Trillion PEPE
Pepe Coin price faced significant selling pressure as prominent whales offloaded over 1.1 trillion PEPE, causing the price to fall below $0.000014.
On-chain data revealed major whale transactions contributing to the decline. A whale with the address 0xfBfC…07Be deposited 430 B PEPE, valued at approximately $6.39 million, into Binance within the last nine hours.
Another notable transaction came from market participants.eth, who transferred 325.5 billion PEPE, worth around $4.9 million, to Binance 24 hours ago.
Further selling activity showed wallet 0xb1a2…6731 liquidating 200.88 billion PEPE for $2.85 million in USDC over the past 2 days.
Adding to the trend, the whale 0xC7ac…BE36 deposited 140.83 billion PEPE, approximately $1.98 million, into Binance just two hours ago.
Major market movements illustrate whale behavior changes that threaten the market stability of Pepe Coin. Market exchanges are reflecting increased selling pressure because 1.1 trillion PEPE tokens entered the trading landscape ,which also affects the resulting price trend of the cryptocurrency.
Many whales have recently sold off their entire $PEPE holdings.
0xfBfC…07Be deposited 430B $PEPE($6.39M) to #Binance 9 hours ago.
marketparticipant.eth deposited 325.5B $PEPE($4.9M) to #Binance 24 hours ago.
0xb1a2…6731 sold 200.88B $PEPE for 2.85M $USDC in the past 48… pic.twitter.com/oJlJpEUbtv
— Lookonchain (@lookonchain) January 27, 2025
PEPE Reenters Key Range
As of Monday, Jan 27, the PEPE price is trading at $0.00001224, marking a 17% decline during U.S. trading hours. The meme coin remains within the trading range established since April 8, 2024, oscillating between $0.00000633 and $0.00001461.
Despite previously breaking above this range, PEPE has now fallen back into it, signaling a potential further downside.
Technical analysis suggests the next key support lies at $0.00000782. A break below this level could trigger a decline toward the lower boundary of $0.00000633. Such a move would represent a substantial 56% crash from the current trading level.
The crypto market today has seen corrections, with BTC dropping below $100k and other top coins trading in red.
Source: TradingView
Pepe coin pricing enters a vulnerable zone when whale investors begin selling their large holdings. Should critical price support levels fail price stability derives additional declines. With market sentiment currently in bearish territory traders must watch whale actions carefully before acting on investments.
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