Introduction
PEPE, the third-largest memecoin, is losing value fast after breaking an important price level. While the overall memecoin market has grown by 7.07%, PEPE has dropped 15% this week, showing that traders are selling instead of buying.
As big investors move their money into smaller, riskier memecoins, PEPE is struggling to keep up. If buyers don’t return soon, its price could keep falling into lower liquidity zones, where there aren’t enough traders to stop a bigger crash.
Fewer People Are Trading PEPE
One of the biggest warning signs for PEPE is the huge drop in network activity. At its highest point, 28,000 wallets were trading PEPE when its price hit $0.00002836. Now, only 2,573 wallets are active, which is the lowest since before its big rally.
This shows that fewer people are interested in PEPE, making it harder for the price to go back up. At the same time, PEPE’s trading volume has dropped 43%, meaning there are fewer buyers and sellers in the market. The last strong support level is at $0.000006477, but if PEPE keeps losing traders, it may not be able to hold this price.
Will PEPE Keep Falling Without Strong Support?
PEPE is now in danger of falling even lower because it doesn’t have a strong support level to stop the drop. Right now, 78.39% of PEPE holders are losing money, and most of them bought between $0.000006 and $0.000007. If the price falls below $0.000006, nearly 13,400 wallet addresses holding over 20 trillion PEPE could lose even more.
Making things worse, whale investors (people who own a huge amount of PEPE) are now selling their tokens instead of holding them. One large whale wallet recently sold more than 1 trillion PEPE, dropping its holdings from 13.83 trillion to 12.6 trillion.
This kind of big sell-off usually causes prices to drop even more, especially when there aren’t enough buyers to push the price back up.
What Happens Next for PEPE?
PEPE’s price drop, low trader activity, and big sell-offs mean the memecoin is in a risky position. With fewer traders buying and selling, and big investors pulling their money out, PEPE could keep falling unless the market changes soon.
Right now, memecoin traders are moving their money to smaller, newer tokens, making it even harder for PEPE to recover quickly. If demand doesn’t pick up, PEPE might continue to struggle in the short term.
Conclusion
PEPE is losing momentum, with trading volume dropping and big investors selling their tokens. Without a strong support level, the price could fall even more. Unless more buyers step in soon, PEPE might continue to struggle while traders look for newer, high-risk memecoins.
