🚨 Memecoins News: #PEPE Drops Nearly 2% as Memecoins Struggle — Late Bounce Signals Buyer Support! 🐸📉
The memecoin market faced pressure today, with PEPE slipping almost 2% in 24 hours to around $0.0000071. This drop came as traders pulled back across the entire meme sector, which lost about 2.6% in total market value over the past week.
However, PEPE showed a late-session rebound, bouncing from lows near $0.0000070 back up toward $0.0000074, a sign that buyers are stepping in around key support levels.
A whale sold 500B PEPE ($4.8M) on Binance, causing a brief 1% dip to $0.00000938.
The token quickly rebounded to ~$0.00000992 as buyers absorbed the sell pressure.
Whale data shows continued confidence — Ethereum whale holdings up 1.46% in 30 days.
Despite the sell-off, PEPE outperformed the broader memecoin sector (-3%).
Support: $0.00000938 held firm; Resistance: $0.00001 remains key for upside breakout.
📊 Takeaway: Even amid profit-taking by large holders, PEPE’s resilience and ongoing whale accumulation underscore its relative strength in a weak memecoin market.
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