Pepe Coin (PEPE), the third largest meme currency around the globe, has fallen to a half-year low last weekend, trashing quite a few crucial support levels. The geopolitical shenanigans in the accelerating global trade war between the United States (USA) & China had definitely played its part, but there’s also quite a few other factors in play.
What Are Profitable PEPE Coin Holders Doing Now?
First of all, it’s the bearish Head ‘n’ Shoulders formation, which is a typical charting pattern hinting at a bearish trend. By this projection, a close above $0.00000700 would leave some space for crypto bulls to return, while a daily closure below this neckline support can push PEPE Coin’s (PEPE) price to $0.000004 – $0.000005 levels.
Besides, smart money holders have been taking profits all throughout the month. Judging by Nansen’s statistics, the overall trend is clear – profitable crypto traders have chosen to reduce their PEPE Coin (PEPE) stakes by 38.63% since last month, confirming the bearish trend.
Judging solely by the whale metric, large crypto investors have slimmed their wallets by 19.17% in 30 days, Nansen’s data showcased. Crypto wallets above $1 million now account for 4.95T of all PEPE’s supply.
On the other hand, the 100 largest holders have collectively increased their PEPE Coin (PEPE) stash by 4.26% during the same period, while exchange reserves dropped to 232.74 trillion, potentially adding some scarcity to the 420.69 trillion-capped meme coin.
Here’s What Can Serve a Boost For PEPE Coin’s Price
For PEPE’s price, the go-to catalyst has always been the trading volume, counting billions in daily trades during bull runs. While the figures often match major-cap altcoins like Cardano (ADA) and edge over the top dog meme coin Dogecoin (DOGE), this trait didn’t spare PEPE from a drastic price downturn.
The implosion was just as heavy on the Derivatives markets as it was on Spot, with crypto bulls having to pay for short-selling positions on October 11, when the market soaked in a $19 billion liquidation tsunami.
Now, with the $0.00000700 level being of crucial importance, the broader market sentiment will decide if crypto investors pivot their funds into PEPE Coin on this market dip. With the Crypto Fear & Greed Index back in fear mode, retail traders are likely to pivot to more risk-averse assets like Bitcoin (BTC) or traditional commodities.
Delve into DailyCoin’s popular crypto news:
$100M USDT Rescue: HTX Steps Up Amid $19B Market Blow
China Stops Tech Giants’ Stablecoin Launch in Hong Kong
People Also Ask:
US-China trade tensions triggered a market sell-off, pushing PEPE below its neckline support at $0.00000700, down over 31% in 30 days.
The neckline is a key support level in the meme coin’s chart. Breaking it signals bearish trends, possibly dropping to $0.00000400.
Tariff hikes scare investors from risky assets like meme coins, hitting PEPE’s price charts hard, similar to its 70% drop last month.
A rebound to $0.0000185 is possible if trade talks improve, but whale dumps and volatility could drag it lower.
Watch US-China talks in late October 2025. Positive news may lift PEPE; check DailyCoin for further updates.
