July 28, 2025
11 11 11 AM
Latest Post
Bitcoin nears $120K as analysis predicts 'larger price swings' next Michael Saylor Is Bringing Bitcoin-Backed Money-Market-Style Vehicle to Wall Street: NYDIG What’s Next for Hyperliquid’s HYPE Token? What Wall Street and Analysts Are Saying Divine Research issues unbacked crypto loans using Sam Altman’s World ID Bitcoin Cash Surges Past $580 as Analysts Predict Breakout Toward $620–$680 Range $9 Billion Exit by Satoshi-Era BTC Whale Sparks Debate: Are Bitcoin OGs Losing Faith? Bitcoin OGs ‘faith shaken’ comment stirs heated debate in community XRP dip was a ‘healthy correction,’ Ether supply shock: Hodler’s Digest, July 20 – 26 Crypto Still Seen as ‘Risky’ Among U.S. Investors Despite Ownership Surging 8x Since 2018: Survey A Japanese AI Firm Plans to Buy 3,000 Bitcoin Over Next 12 Months

PEPE Slips 6% as Whales Load Up, Technicals Hint at Possible Bounce Amid Market Jitters

The frog-themed memecoin PEPE (PEP) slid nearly 6% over the 24 hours, as Trump’s reciprocal tariffs deadline sent ripples through the cryptocurrency market and exposed the token’s volatility.

PEPE’s price swung across a 16.5% trading range, underscoring how fast sentiment can flip in a market increasingly sensitive to geopolitical and macroeconomic signals when trading volumes drop.

Behind the price drop, however, large addresses appear unfazed. Data from blockchain analytics firm Nansen shows whale wallets have increased their PEPE holdings by over 5% in the past month, scooping up tokens now valued at around $3 billion, over 70% of PEPE’s supply.

Meanwhile, the total supply of PEPE on exchanges slipped to a two-year low of roughly 247.2 trillion tokens, a near 3% decrease since the start of July, according to the same source.

Technical Analysis Overview

PEPE has struggled to hold gains after testing resistance near $0.0000106, encountering firm selling pressure that pushed the price lower.

The coin found support around $0.00000965, keeping it from sliding further, though the overall trading range reflects persistent volatility, according to CoinDesk Research’s technical analysis data model.

Charts show a descending channel shaping the recent price action, with sellers stepping in on upward moves. Trading volumes reveal a pattern of distribution during price spikes, hinting that traders are offloading positions rather than building fresh longs.

However, brief rebounds and surges in buying interest suggest the memecoin isn’t out of the fight. A burst of volume helped lift prices modestly from recent lows, signaling that some traders still see room for a bounce if broader market sentiment improves.

This post was originally published on this site

Please enter Coingecko Free Api Key to get this plugin works