PEPE Slips as Whale Offloads $4.8M Stake, Still Outperforms Memecoin Sector

Popular memecoin PEPE dropped roughly 1% as a major token holder sent 500 billion tokens valued around $4.8 million to Binance, adding selling pressure to the ￰0￱ move comes amid a 40-day downtrend that cost the trader roughly $450,000. Tokens are often transferred to accounts on exchanges in preparation for an impending ￰1￱ token most recently traded at $0.00000992, according to market data, bouncing from earlier lows near $0.00000938. Prices swung within a 6% range before recovering toward resistance at $0.00000983. The whale, according to blockchain data, is still holding onto 1.5 trillion PEPE tokens worth more than $14 ￰2￱ than 3.26 trillion PEPE tokens changed hands during the session, with the strongest volumes recorded during the recovery phase, according to CoinDesk Research's technical analysis data ￰3￱ dipping to the session’s low, PEPE rebounded sharply as buyers stepped in at support ￰4￱ surge lifted the price close to an intraday ￰5￱ market responded to the transfer with sustained buying interest, a sign of confidence or opportunistic accumulation.

Still, bearish pressure hasn’t ￰6￱ remains firm just below $0.00001, and price action continues to test support ￰7￱ data supports the case for opportunity accumulation, as it shows that PEPE whales on Ethereum added 1.46% to their holdings over the past 30 ￰8￱ is outperforming the broader memecoin ￰9￱ measured by the CoinDesk Memecoin Index ( CDMEME ), the sector lost almost 3% of its value over the past 24 hours, more than PEPE’s near 1% decline.