Whales Accumulate $9.4M PEPE as Price Slides Below $0.0000144

Pepe (PEPE) has experienced a significant decline, trading at $0.0000147 as of October 2025-a 2025 low. The token has broken below the 200-day EMA and key support levels, with trading volume remaining subdued, signaling weak investor demand . A breakdown below the $0.0000144 support level could push prices toward $0.000012, though immediate resistance is noted at $0.000017 and $0.000020 . Despite the bearish trend, on-chain data reveals increased accumulation by large investors. Three whale addresses purchased over $4.44 million in PEPE from Binance, with additional $4.97 million USDT spent on 600.88 billion tokens . Notably, a single whale acquired 500 billion PEPE tokens valued at $4.36 million, bringing total holdings to 2 trillion tokens ($17.42 million), underscoring long-term bullish sentiment .

Technical indicators suggest mixed signals. The RSI hovers near 40, indicating oversold conditions but lacking strong buying pressure . Momentum metrics like the MACD show fading bearish momentum, while the Stochastic RSI hints at potential reversal . Analysts highlight parallels to PEPE's pre-2024 rally pattern, noting a consolidation phase that could precede a breakout. A sustained rebound above $0.000017 is seen as critical for reversing the downtrend .

The broader market context remains volatile. The memecoin sector dropped 4.3% amid profit-taking and geopolitical uncertainties, with the CoinDesk 20 index falling 3.35% . However, PEPE's holder count increased by 212 in a single day, reflecting growing community confidence . Whale activity, including long positions in Bitcoin and HYPE tokens, further suggests speculative bets on post-election market stability .

Critically, large investors are leveraging market dips to accumulate. Whale 0x9b83, for instance, purchased $5.5 million in HYPE while simultaneously taking long positions in BTC, signaling macro-level optimism . Conversely, some analysts caution against a potential "pump-and-dump" scenario, citing declining retail participation and historical patterns in memecoin cycles . A record $16 million PEPE purchase on Kraken by a newly created wallet has intensified debate, with mixed views on whether it heralds a bull run or a coordinated exit strategy .