The post PEPE price outlook: $4.8M dump tests support, resistance near $0.00001 in focus appeared on BitcoinEthereumNews.com.

Whale offloaded 500B PEPE ($4.8M), briefly pulling price under $0.0000094. PEPE outperformed peers, while meme coin market sank 3%. Whale holdings on Ethereum up 1.46% over the past month. The meme coin market took a jolt on Monday when a big PEPE holder dumped about $4.8 million worth of tokens, sending the price down. Even with that sell-off, PEPE is still holding up better than most of the meme coin pack, a sign that investors haven’t lost faith in it just yet. Market data shows that one big PEPE wallet moved 500 billion tokens, worth about $4.8 million over to Binance, signaling a major sell or reshuffle. The same whale has been in a slump for weeks, down around $450,000 on earlier PEPE trades, and big moves like this often shake up liquidity and prices. Right after the transfer, PEPE slipped about 1% on the day, falling from highs near $0.00000992 to around $0.00000938 before clawing back some ground. It’s still stuck below the $0.00001 resistance line, but even so, it held up better than the broader meme coin market, which sank nearly 3% in the same stretch. Even with the recent selling pressure, other big wallets have been quietly adding to their stacks. On-chain data shows whale holdings of PEPE on Ethereum are up about 1.46% over the past month. The token now carries a market cap of roughly $4.1 billion, with more than 420 trillion tokens in circulation, cementing its spot among the leading meme coins by value. PEPE’s price outlook In the short term, PEPE’s price path looks choppy, with traders watching support near $0.0000074 and resistance around $0.0000098 to $0.00001. Sentiment remains cautious: there’s some fear in the market, but not enough to trigger a full-scale sell-off. Many expect the token to drift sideways before any…

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Filed under: News - @ September 1, 2025 5:35 pm