Pepe Price Crashes 11% Amid Whale Dump and Bitcoin Dip: What Next?
Zafar Naik8 Jan 20253 min read
Bitcoin’s (BTC) recent dip below the critical $97,000 to $99,000 support range—after briefly climbing above $100,000—has sent ripples across the crypto market. Among the hardest hit is frog-themed memecoin Pepe (PEPE), which has suffered significant losses in the last 24 hours.
The mid-cap memecoin, with a fully diluted valuation of $7.6 billion and a 24-hour trading volume averaging $2 billion, dropped over 11% to $0.00001816 during Wednesday’s early European session.
What’s Causing the PEPE Price Crash?
Whale Activity
Pepe’s decline is largely tied to whale activity. One major investor holding 1 trillion PEPE tokens, valued at over $18 million, deposited 427 billion tokens—worth about $8.45 million—to the Kraken exchange in the past two days. This whale reportedly secured an estimated $13.45 million in profits, highlighting how large-scale sell-offs can rattle the market.
Heightened volatility in Pepe’s market led to over $5.6 million in liquidations, with long traders bearing the brunt at $4.9 million. Additionally, most memecoins posted double-digit percentage losses in the same period, reflecting broader instability in this segment of the crypto market.
On-Chain Data Reveals Bearish Momentum
On-chain data from Dexscreener showed a strong sell trend for Pepe in the past 24 hours. Of the $3.3 million traded on decentralized finance (DeFi) platforms, $2 million came from sellers, further pressuring Pepe’s price.
Technical Analysis: More Losses Ahead?
Pepe’s price fell below its 50-day Moving Average (MA), a sign of potential further declines. Analysts predict the memecoin could see a 10–20% drop in the midterm before attempting a rebound toward a new all-time high (ATH). While Pepe remains in a long-term bullish trend on the weekly chart, its daily Relative Strength Index (RSI) has slipped below 50%, indicating that sellers currently have the upper hand.
Despite the setbacks, the crypto market remains optimistic. Many believe the inauguration of U.S. President-elect Donald Trump Donald Trump Donald J. Trump is a US-based business tycoon, pro-crypto politician, and 47th (present) President of the United States. He comprehends the significance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto politician. Once doubtful about Bitcoin's dominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his pool. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency. Quick Facts Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Famous For Business, Politics Donald Trump - Career Highlights & Events 2016 – Elected as the 45th President of the United States from the Republican Party. 2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments 2019 – Slammed crypto king Bitcoin on X, calls it "not money". 2025 – A gala party was hosted by him for the top 220 Trump meme coin holders. President could act as a catalyst for the next bullish phase, potentially reversing the bearish trend for Pepe and other cryptocurrencies.
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The coming days will reveal whether Pepe can leap back to its former glory or continue sliding down the charts.
FAQs
- PEPE coin is facing short-term volatility but could rebound. Consider risks before investing, as it might drop further before hitting new highs.
