The price of Pepe (PEPE) fell 7.4% in 24 hours to $0.00001119 as of August 15, 2025, driven by heavy whale selling and futures market liquidations. Whale holdings plummeted from 1.09 trillion tokens to 610 billion—a sell-off exceeding 400 billion PEPE—according to IntoTheBlock data, signaling a shift from their typical accumulation pattern during dips.
Simultaneously, over $6 million in long positions were liquidated within 24 hours, exacerbating downward pressure as traders betting on price increases exited the market. Despite this volatility, analyst CryptoElites projects a potential rebound to $0.00039 (a 40x gain) if PEPE holds a critical support level that historically triggered recoveries. "Every time the coin touched this support, it bounced," noted the analyst, though failure below $0.000010 could see prices drop to $0.0000070.
Secondary sources echo the $0.00039 target but highlight uncertainty due to the absence of official statements from PEPE's anonymous team or exchange endorsements. Whale behavior remains mixed, with large holders actively trading short-term swings rather than holding long-term.