PEPE Dips Slightly, Still Leads Memecoin Sector Amid Market Cooldown
PEPE saw a modest 2% decline over the past 24 hours, outperforming the broader memecoin sector during a period of intensified selling and reduced market momentum. Despite the pullback, the frog-themed token remains up nearly 55% over the past month.
The token dropped from $0.000014268 to $0.000013568, with a significant 349 billion tokens sold in that window, according to CoinDesk Research. PEPE briefly spiked to a session high of $0.000014713 on a volume surge of 11.7 trillion tokens but met immediate resistance, triggering a swift reversal. CoinGlass data recorded over $4 million in liquidations during the failed breakout attempt.
That intraday high has now become a key resistance level. PEPE found support near $0.000013618, where renewed buying interest helped the token consolidate in a narrow band. While prices temporarily dipped below this level, buyers quickly regained control, lifting the token back above it.
On-chain activity remains strong. Nansen data shows that the top 100 Ethereum-based holders of PEPE increased their positions by 0.11%, while exchange wallets grew by 0.24%, indicating a potential uptick in circulating supply. Meanwhile, TheTie reported a 23% increase in PEPE-related social media posts, suggesting sustained retail interest despite the price weakness.
PEPE’s performance continues to outshine the CoinDesk Memecoin Index (CDMEME), which fell 2.4% in the same period. On a 30-day basis, PEPE’s 55% gain compares favorably to CDMEME’s 41.7% rise.
Technically, PEPE remains in an uptrend after forming a golden cross earlier this month. Market watchers, including analyst Lark Davis, are eyeing a potential breakout toward $0.0000155 if current support levels hold.
Technical Snapshot:
- 24H Price Range: $0.000014268 → $0.000013568
- Key Resistance: $0.000014713 (strong rejection)
- Support Zone: $0.000013618 (buying interest emerged)
- Trading Volumes: 11.7T tokens at breakout high; multiple waves of 230B–349B during selloff
- Social Sentiment: +23% in post volume (TheTie)
- On-chain Activity: Top holders +0.11%; Exchange wallets +0.24%
- Monthly Performance: +55% (vs. +41.7% for CDMEME)
