In June 2025, Pepe Coin (PEPE) is teetering on the edge of a critical $0.000010 support level, down 20% in just six days, as whale activity surges and selling pressure mounts. With bearish technical signals and market sentiment turning cautious, is PEPE headed for a deeper correction, or could a recovery rally be on the horizon? Explore the factors driving PEPE’s precarious position, whale movements, and what lies ahead for this frog-themed meme coin.

The cryptocurrency market, valued at $3.28 trillion, is facing a volatile June 2025, with meme coins like Pepe Coin (PEPE) under intense pressure. PEPE has plummeted 20% in six days, testing the psychological $0.000010 support level, with a low of $0.00001024 recorded on June 17, 2025. Surging whale activity, coupled with bearish technical indicators, raises concerns of a breakdown below this critical threshold, potentially pushing PEPE to new monthly lows. This article examines the reasons behind PEPE’s decline, the role of whale sell-offs, and the potential scenarios for its price path in the near term.

PEPE’s Price Plunge: What’s Driving the Decline?

Market-Wide Correction and Meme Coin Volatility:

PEPE’s 20% drop aligns with a broader market correction, with Bitcoin ($107,000) and major altcoins like Ethereum (down 9%) facing selling pressure amid geopolitical tensions, including Israel-Iran conflicts. Meme coins, known for their speculative nature, are particularly vulnerable, with the meme coin market cap at $105 billion but trading volume down 40% to $28 billion. PEPE’s high volatility, with a 30-day price fluctuation of 7.79%, amplifies its susceptibility to market swings.

Whale Sell-Offs Intensify Pressure:

On-chain data from IntoTheBlock reveals a significant uptick in large transactions (over $100,000), with 587 whale transactions recorded on May 23, 2025, a seven-day high. A notable whale, dimethyltryptamine.eth, sold 10 billion PEPE tokens ($112,000) for 32.73 ETH on June 14, after turning an early $45,000 investment into $26.7 million—a 58,600% gain. This whale still holds 1.99 trillion PEPE ($21.9 million), but recent deposits, including 609 billion PEPE ($6.43 million) to Binance, signal potential profit-taking. The Supply Held By Whales metric shows a decline from 165 trillion to 134.98 trillion tokens, hinting at a broader sell-off trend.

Technical Weakness:

PEPE is struggling to hold the $0.00001037 support level on the daily chart, with an intraday low of $0.00001024 marking its weakest price in 30 days. A bearish MACD crossover and RSI at 42 (nearing oversold) indicate weakening momentum, while the Chaikin Money Flow (CMF) and Balance of Power (BoP) suggest strong selling pressure. A daily close below $0.000010 could trigger a correction to $0.0000090, a former resistance zone, or even $0.0000057, the lowest closing price of 2025.

Potential Scenarios for PEPE’s Price Path

Bearish Scenario: Breakdown Below $0.00001

If PEPE fails to hold the $0.000010 psychological support, analysts warn of a deeper correction. CoinCodex predicts a 40–45% decline to $0.0000076 by late June, driven by overextended momentum from May’s rally to $0.00001718. A breakdown could push PEPE to $0.0000090 or $0.0000057, representing a 47–56% drop from current levels ($0.0000113). Rising whale sell-offs, with $11.65 million in PEPE transferred to Binance, and a 5.7% drop in open interest to $483.09 million in derivatives markets signal fading bullish sentiment. A bearish market, coupled with competition from newer meme coins like BONK or Wall Street Pepe (WEPE), could exacerbate the decline.

Bullish Scenario: Recovery Rally Above $0.000012

Despite bearish signals, some analysts see potential for a recovery if buyers defend the $0.000010 support. A bull flag pattern, noted by Coingape, suggests a rally to $0.00001903 (78.6% Fibonacci level) if PEPE breaks the $0.00001227 resistance (50% Fibonacci). X posts from @CryptoBull009

on March 14, 2025, highlight a descending pattern breakout targeting $0.0000144–$0.0000212, a 27–88% gain. Whale accumulation, with net flows surging 1,645% in early June, and a positive funding rate (0.0091%) indicate pockets of buying interest. A broader altcoin rally, driven by Bitcoin’s strength at $107,000, could push PEPE to $0.000025–$0.00003 by Q3 2025, as predicted by Coingape.

Ecosystem and Market Context

PEPE’s Meme Coin Appeal:

Launched in April 2023, PEPE capitalized on the “Pepe the Frog” meme, achieving a 7,000% surge post-launch and peaking at $0.00002825 on December 9, 2024. Its community-driven hype and listings on tier-1 exchanges like Binance have sustained interest, but its lack of fundamental utility makes it reliant on speculative trading. The $800 million 24-hour trading volume on June 15, up 20%, signals ongoing interest despite the downturn.

Broader Market Dynamics:

The meme coin sector is under pressure, with Shiba Inu (SHIB) also down 30% and facing similar whale sell-offs. Bitcoin’s rally to $107,000 and a neutral Fear and Greed Index (61 points) suggest cautious optimism, but meme coins’ volatility amplifies downside risks. Regulatory clarity under a Trump administration and ETF approvals for other altcoins could indirectly boost PEPE if market sentiment improves.

Community Sentiment:

X posts reflect mixed sentiment. BB_Terminal noted spiking PEPE volume on June 9, hinting at a potential rally, while MaxBecauseBTC suggested a bear trap above $0.0000130 could spark a surge. However, WhaleFUD’s earlier warnings about whale sell-offs underscore ongoing risks. The community remains active, but fading retail interest could hinder a recovery.

Risks and Opportunities

Bearish Risks:

  • Whale Sell-Offs: Continued large transactions, like the 1 trillion PEPE transfer to Binance, could push prices lower, especially if more whales exit.

  • Market Correction: A broader market downturn, tied to geopolitical or macroeconomic factors, could drag PEPE below $0.0000057.

  • Competition: Newer meme coins and presales like Wall Street Pepe ($48.4 million raised) are diverting capital, threatening PEPE’s market share.

Bullish Opportunities:

  • Whale Accumulation: Some whales are buying, with $1.3 million in purchases by smart money wallets, signaling confidence in a rebound.

  • Technical Recovery: Holding $0.000010 and breaking $0.00001227 could trigger a rally to $0.00001903, supported by bullish patterns.

  • Altcoin Season: A sustained altcoin rally, potentially sparked by ETF approvals or regulatory clarity, could lift PEPE to $0.000035 by 2025.

Conclusion: A Make-or-Break Moment for PEPE

PEPE’s 20% crash to $0.0000113 in June 2025, driven by whale sell-offs and bearish technicals, places it at a critical juncture. A breakdown below $0.000010 risks a drop to $0.0000090 or $0.0000057, while holding support and breaking $0.00001227 could spark a rally to $0.00001903 or higher. Investors should monitor whale activity, the $0.000010 support, and market sentiment, using platforms like Binance for real-time on-chain data. With its speculative nature and strong community, PEPE’s path hinges on sustaining momentum and navigating competitive pressures. Whether it crashes further or stages a comeback, June 2025 is a defining moment for this meme coin.

Disclaimer:

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.