PEPE Price Prediction Tumbles 5% as Whales Keep Buying the Dip

PEPE crashed over 5% in 24 hours but whale wallets added 3.2% more tokens while exchange supply dropped 2.5%.

PEPE took quite a beating yesterday, falling more than 5% from $0.000014167 down to $0.000012915 before bouncing back to around $0.0000131. The selloff was pretty intense – trading volume shot up to 13.02 trillion tokens per hour, which is over four times what we normally see (around 3.2 trillion), according to CoinDesk Research data.

But here's the interesting part: while retail traders were panic selling, the big players were doing the opposite. Whale wallets on Ethereum actually increased their PEPE stash by 3.2% over the past month. At the same time, PEPE tokens sitting on exchanges dropped by 2.5%, based on Nansen data. This usually means people are moving their coins off exchanges for longer-term holding rather than quick trades.

PEPE Price Action Shows Typical Memecoin Swings

The technical picture tells a familiar story we've seen with other memecoins. PEPE kept hitting a wall around $0.000014150 – every time it tried to break through, sellers showed up. On the flip side, $0.000013 acted like a safety net, catching the price whenever it dropped too low.

Google searches for PEPE also spiked on July 22, right before the crash hit. This kind of search activity usually happens when retail investors start getting curious, though it often coincides with price volatility.

PEPE Trading Volume Hints at Potential Recovery

The heaviest selling came when volume exploded, suggesting some big holders were taking profits or getting forced out of positions. But by the end of the session, buying activity picked up again, averaging 300-400 billion tokens per hour. This steady demand could signal that the worst of the selloff is behind us.

The whole situation reflects what we typically see in memecoin markets: hype drives prices up fast, then reality kicks in with sharp corrections. But smart money often uses these dips as buying opportunities. With whale wallets accumulating and fewer tokens available on exchanges, PEPE might be setting up for its next move higher – though as always with memecoins, expect more wild swings ahead.