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PEPE Slips as Whale Offloads $4.8M Stake, Still Outperforms Memecoin Sector
Despite the sell-off, PEPE rebounded sharply from it's session lows, with sustained buying interest and growing whale holdings.
Sep 1, 2025, 11:21 a.m.
What to know:
- A major PEPE token holder sold 500 billion tokens worth $4.8 million on Binance, adding selling pressure and contributing to a 1% price drop.
- Despite the sell-off, PEPE rebounded sharply from it's session lows, with sustained buying interest and a 1.46% increase in holdings by PEPE whales on Ethereum over the past 30 days.
- The token is still facing resistance below $0.00001, but has outperformed the broader memecoin market, which lost almost 3% of its value over the past 24 hours.
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 token.
The 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 sale. The 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.
STORY CONTINUES BELOW
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The whale, according to blockchain data, is still holding onto 1.5 trillion PEPE tokens worth more than $14 million.
More 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 model.
After dipping to the session’s low, PEPE rebounded sharply as buyers stepped in at support levels. That surge lifted the price close to an intraday peak.
The market responded to the transfer with sustained buying interest, a sign of confidence or opportunistic accumulation. Still, bearish pressure hasn’t vanished. Resistance remains firm just below $0.00001, and price action continues to test support levels.
Nansen 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 days.
PEPE is outperforming the broader memecoin market. As 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.
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