PEPE plunged 16.5% to $0.0000089 as whales quietly accumulated 303T tokens, a 3.95% spike that could hint at an explosive rebound ahead.
As tariff fears rattled retail investors, PEPE’s smart money moved differently: exchange reserves dropped 2.97% as big players shifted tokens to private wallets. The $0.00000096 level becomes key—a hold here could trigger a rebound, but failure may see the $0.00000094 tested.
PEPE Price Volatility Meets Whale Demand: Why Big Investors Are Buying the Dip
While PEPE’s price dipped to $0.0000089, trading in a wide 16.5% range, whale wallets have expanded their holdings, indicating confidence in the token’s long-term prospects, according to Nansen.
The top 100 addresses now hold 303.21 trillion PEPE, a 3.95% increase over the past month. Such accumulation often precedes major price movements as whales position themselves ahead of retail traders.
Exchange-held PEPE has decreased by 2.97% to 247.32 trillion tokens during the same period. This decline suggests investors are moving assets into private wallets—a bullish indicator that typically reduces immediate selling pressure.
The cryptocurrency market faces additional headwinds as the U.S. prepares to implement tariffs ranging from 10% to 70% on select imports.
President Trump, whose family has reportedly earned over $1 billion from cryptocurrency, confirmed that reciprocal tariff letters will be issued between July 5 and July 9, with full enforcement to begin on August 1. These policies, which ended a 90-day pause, have reignited trade fears and contributed to market instability.
Despite the short-term bearish sentiment, some analysts predict a strong rebound for PEPE, with speculation about 200x gains if bullish momentum returns. The steady rise in holders (up 0.107% to 458,865) further indicates growing retail interest.
Steep Downtrend: Bearish Momentum Dominates Early Period
The PEPE/USDT 30-minute chart illustrates a strong shift in price momentum and presents several key technical patterns over the observed period.
Initially, the price experienced a steep decline starting from late June through July 1, forming a clear downtrend marked by lower highs and lower lows.
This phase was accompanied by diminishing volume, which is typical of a cooling-off bearish move. However, beginning on July 1, a distinct reversal pattern emerged—a V-shaped recovery—as the price bottomed out around the $0.00000087 level and rapidly pumped upward. This recovery was supported by a strong uptick in volume, confirming bullish strength.
Following this rebound, price action formed a local top near $0.00000108 on July 3. The price then began retracing, forming a rounded top or distribution phase, which typically indicates weakening bullish momentum and the potential for a bearish reversal. The steady decline from the peak and the lack of aggressive buying volume confirm that sellers are regaining control.
The price of PEPE currently fluctuates between $0.00000097 and $0.00000098 as buyers attempt to maintain this support level.
However, technical indicators paint a concerning picture, especially with the MACD, which has formed a bearish crossover with both its lines positioned below zero, typically indicating potential downward pressure ahead.
The recent short-term recovery appears to have concluded, giving way to a rounded top pattern that often precedes further declines.
For any meaningful recovery to occur, two key conditions must be met. Firstly, buying volume needs to increase substantially. Secondly, the price must successfully break through the $0.00000102 resistance level. Without these developments, the path of least resistance points downward, with $0.00000094 emerging as the next likely support target.
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