• A whale sold 531.5B PEPE on Binance, taking a $465K loss after holding the tokens for one week.

  • PEPE’s price fell 4.76% in 24 hours, with market cap at $3.87B and trading volume at $694.11M.

  • Technical analysis shows PEPE remains in an ascending channel, with a projected target of $0.000397016.

A major PEPE holder moved 531.5 billion tokens, worth approximately $5.06 million, into Binance. According to on-chain data, the transaction appears to close out a short-term holding period, as the whale had reportedly acquired the tokens a week earlier. 

https://twitter.com/spotonchain/status/1938042659542806557

As per the given data,  the deposit resulted in a realized loss of $465,000, representing an 8.41% decrease in value during that time. The whale’s move followed a volatile week for PEPE, where price swings narrowed profit margins. The deposit marks one of the largest short-term losses involving PEPE this week across centralized exchange addresses.

Pepe Current Market Trend

Tracking the ongoing market movement as of press, CoinMarketCap data indicates that PEPE is currently trading at $0.00009220, marking a 4.76% price drop over the past 24 hours. The market cap stands at $3.87 billion, while the fully diluted valuation matches it at $3.87 billion. Over the same period, trading volume reached $694.11 million, with a 2.24% decrease from the previous day. Volume-to-market cap ratio sits at 17.85%, reflecting moderate trading activity. 

Source: CoinMarketCap

The price chart shows a steady decline throughout June 26, with multiple failed attempts to regain momentum. The daily high was approximately $0.0000968 before trending downward. The number of holders currently stands at 454,700, indicating stable user participation. Market conditions remain bearish as price action continues to fall.

Downward movements persisted through most of the trading sessions, closing near the day’s lowest levels. These developments follow increased volatility across the meme coin sector, driven by large-scale token transfers.

PEPE Trades Within Ascending Channel as Chart Targets 40X Upside

Despite the ongoing bearish trend, the latest PEPE/USD price chart shows that the token remains inside a long-standing ascending channel structure. The pattern includes consistent higher lows and upward price reactions along the lower trend line. Recent price action placed PEPE at a support zone previously seen during earlier upward phases.

The chart uses Fibonacci retracement levels, with PEPE recently reacting near the 61.8% retracement line. Historical dips in the same range led to quick recoveries toward the upper boundary. Candlestick patterns show consolidation phases followed by large breakouts, forming repetitive cup-like patterns.

Source: CryptoElites

A potential upside target is marked at $0.000397016, representing a projected 40X increase from the current level. The projection follows earlier moves where price tested the lower channel band and then advanced. The price continues to trade within the same range, with no visible breakdown below the channel support.

The visual data confirms that the current market structure has not broken the trend line. If price continues following the channel’s trajectory, future movements may reach the upper band. Price reaction at this level will determine short-term direction within the current structure.