PEPE price nears $0.000010 support as whale buys 3T tokens
Pepe (PEPE) has dropped 8.23% over the past week, trading at $0.00001036 and nearing its critical $0.000010 support. Trading volume is down 21.47% at $502.69 million, and whale dominance has fallen 43% to its lowest since December 2023. A single whale purchased nearly three trillion PEPE (about $28.8 million) in the last 48 hours, which could curb the sell-off. Bulls now need to defend the $0.000010 level, as a breach would add another zero to the price. Market stability and aggressive whale accumulation could spark a rebound.
Bearish
The sustained 8.23% weekly decline, a 43% drop in whale dominance to a multi-month low, and a 21.47% volume contraction highlight mounting bearish pressure on PEPE. Although a whale purchase of 3 trillion tokens may offer short-term relief, the proximity to the $0.000010 support means a breach could trigger further losses—historically, meme coins suffer rapid downturns once key levels fail. In the short term, traders should brace for continued downside risk until whales drive significant accumulation. Long term, market stabilization and renewed whale interest could reverse the trend.