PEPE Plummets 15% Weekly as Key Support Breaks, Whales Unload Trillions

PEPE, the third-largest meme token, has recently lost a critical support level of $0.00000770, raising concerns about its future trajectory. This breakdown has extended its weekly losses to 15%, indicating a potential deeper crash. The memecoin sector, despite overall volatility, has seen a surge of 7.07%, pushing its total market value to $57.64 billion. However, while high-cap memecoins face sell pressure, mid and low-cap tokens are outperforming with double-digit gains, suggesting a shift in liquidity toward riskier, high-reward plays.

PEPE's network activity has significantly declined, with active addresses dropping from 28,000 at its post-election peak to just 2,573. This reduction in participation reflects weakening investor confidence and increases the risk of further downside. The 1D chart shows no clear accumulation, as each dip has been met with more selling pressure. A 43% decline in volume reinforces uncertainty, making $0.000006477 a fragile support level. Without a demand resurgence, PEPE risks an extended breakdown, with the next key support yet to be established.

Currently, 78.39% of PEPE holders are underwater, with a key cluster of buyers between $0.000006 and $0.000007 now at a breaking point. If selling pressure persists, PEPE could slide further into lower liquidity zones, with no clear support on its 1D chart. This weak demand structure exposes the memecoin to deeper corrections. Nearly 13,400 addresses holding over 20 trillion PEPE at the minimum entry of $0.0000060 face the risk of slipping into losses. If this zone fails, the memecoin may retrace further, testing lower liquidity pockets.

Meanwhile, a key whale wallet holding between 100 million and 1 billion PEPE has entered a heavy distribution phase, unloading over a trillion tokens. Its holdings have dropped from 13.83 trillion to 12.6 trillion, with no signs of accumulation. This sell-off aligns with PEPE’s 77% decline from its post-election peak, erasing all gains from that rally. With on-chain activity weakening and