On June 26, 2025, a significant sell-off of 531.5 billion PEPE tokens, worth approximately $5.06 million, took place on Binance, caused by a major whale offloading their holdings at a realized loss of about $465,000 (8.41%). The whale had held these tokens for roughly a week before this abrupt liquidation, which sparked widespread speculation about declining confidence among large holders in PEPE.
Following the whale's exit, PEPE experienced a notable price drop, falling nearly 7% in the 24-hour period and about 11% over the week, dragging prices down to around $0.00000929. The token had declined almost 30% from a local high of $0.0000135 two weeks prior and entered a descending price channel. Technical indicators showed mixed signals, with a bullish golden cross emerging but overshadowed by bearish market sentiment and liquidation-driven downturn.
Despite the whale’s capitulation, data from centralized exchanges indicate increased withdrawal flows, suggesting smaller investors might be accumulating PEPE on dips. Spot market activity supports this, showing net buying of over 139 billion PEPE tokens, highlighting diverging sentiment between large-scale holders and retail buyers.
Price momentum for PEPE remains weak in the short term, with bearish readings on the Relative Strength Index (RSI) and Chaikin Money Flow (CMF), but supportive retail demand and a potential technical breakout above $0.0000100 could alter the outlook. Analysts suggest that failure to reclaim this level could push PEPE toward critical support near $0.0000085.