PEPE Slips, But Maintains Edge Over Broader Memecoin Market
PEPE posted a slight 2% dip over the past 24 hours as the overall memecoin sector saw steeper declines, but the frog-themed token continues to outperform on a monthly basis with gains nearing 55%.
During the session, PEPE fell from $0.000014268 to $0.000013568 amid broader market weakness and a wave of aggressive selling. Data from CoinDesk Research shows 349 billion tokens were offloaded during the move. A brief spike to $0.000014713 on heavy volume — 11.7 trillion tokens traded in a single surge — was quickly reversed, establishing that level as a near-term resistance.
The failed rally triggered more than $4 million in liquidations, according to CoinGlass. However, support re-emerged around $0.000013618, where buyers stepped in to stabilize the token, pushing it into a narrow consolidation range just above that level.
Social metrics remain strong. TheTie reported a 23% increase in PEPE-related post volume over the 24-hour average, signaling continued market interest despite volatility. On-chain data from Nansen showed that exchange wallets accumulated an additional 0.24% worth of tokens, while the top 100 Ethereum-based holders increased their positions by 0.11%.
PEPE continues to outperform the CoinDesk Memecoin Index (CDMEME), which fell 2.4% over the same period. The token’s monthly performance is up nearly 55%, compared to CDMEME’s 41.7% gain.
Technicals remain constructive, supported by a golden cross pattern earlier this month. Market watchers, including analyst Lark Davis, have flagged $0.0000155 as the next upside target if momentum returns.
Key Technical Levels:
- Resistance: $0.000014713 (firm rejection on heavy volume)
- Support: $0.000013618 (repeated buying interest)
- Breakout Volume: 11.72T tokens
- Sell-off Clusters: 230B to 349B tokens in successive waves
- Monthly Outperformance: +55% vs. +41.7% for CDMEME
- Social Activity: +23% in relative post volume
- Whale & Exchange Activity: Top 100 wallets +0.11%; Exchange holdings +0.24%
