The PEPE coin ($PEPE ), characterized as a frog, dropped by nearly 6% over 24 hours, as Trump's tariff deadline triggered a wave of volatility in the cryptocurrency market, revealing currency fluctuations.
The price of $PEPE fluctuated
within a trading range of 16.5%, confirming the rapid volatility of sentiment in a market increasingly influenced by geopolitical and macroeconomic signals as trading volumes decline.
However, it seems that large investors were not affected by this decline. Data from blockchain analytics firm Nansen shows that whale wallets increased their holdings of $PEPE by over 5% over the past month, acquiring coins valued at around $3 billion, which accounts for more than 70% of the total PEPE supply.
Meanwhile, the total supply of #PEPE on exchanges has dropped to a two-year low, registering around 247.2 trillion tokens, a decrease of nearly 3% since the beginning of July, according to the same source.
Overview of Technical Analysis
The currency #PEPEUSDT faced difficulty maintaining its gains after testing a resistance level near $0.0000106, as it encountered strong selling pressure that pushed its price down.
The currency found support at around $0.00000965, preventing it from further decline, although the overall trading range reflects ongoing volatility, according to the technical analysis data model from Coin,,Desk Rese,,arch.
Charts show a downward channel forming the recent price movement, with sellers entering on upward moves. Trading volumes reveal a distribution pattern during price increases, indicating that traders are unloading their positions rather than building new buy positions.
Nonetheless, short-term rebounds and increases in buying interest indicate that the memecoin has not finished competing. The rise in trading volume helped modestly lift prices from their recent lows, suggesting that some traders still see room for a rebound if market sentiment improves more broadly.
