Coinspeaker
PEPE Holdings Plunge Almost $1B, Bears Eye 18% FallÂ
With the liquidations in the crypto market nearing the $500 million mark over the past 24 hours, the bearish grip tightens over the market. The PEPE meme coin remains under the bearish influence with a 10.85% drop in the past 24 hours.
As it breaks under the $0.000020 psychological mark, the PEPE market cap is down to $7.6 billion. With the bearish trend gaining momentum, will the PEPE price
PEPE
$0.000018
24h volatility:
0.1%
Market cap:
$7.45 B
Vol. 24h:
$1.80 B
continue to crash this week?
PEPE Price Analysis
In the 4-hour price chart, the PEPE coin price reflects an intense correction rally at play. The meme coin has failed to surpass the 61.80% Fibonacci level at $0.00002120.
This has resulted in a massive crash, with the broader market correction to the crucial supply zone at $0.000017. The downfall has broken under the 200 EMA line and has resulted in a death crash between the 50 and 200 EMA lines.
However, as the bearish exhaustion kicks in, the lateral shift highlights a bullish divergence in the RSI line. Thus the momentum indicator resurfacing above the oversold zone hints at a potential reversal rally.
Based on the Fibonacci levels, a bullish bounce back in PEPE will likely test the 50% Fibonacci level at $0.00001969. However, closing under the 23.60% Fibonacci level at $0.00001670 will likely retest the immediate support at $0.0000144. This accounts for almost 18% downside risk.
Whale Offloads amid Market Crash
As the meme coin remains under a bearish influence in the falling market, the whales are losing confidence. Recently, in the past six hours, a whale has liquidated 85 billion PEPE tokens for 1.5 million USDC.
As the market dropped, a whale sold 85B $PEPE for 1.51M $USDC at a loss 1 hour ago.
This whale still holds 180.8B $PEPE ($3.2M) and has incurred a total loss of $1.74M.https://t.co/pt1BIxEr2v pic.twitter.com/0QKE3Tlu20
— Lookonchain (@lookonchain) January 9, 2025
The whale continues to hold 180.8 billion tokens worth $3.2 million but has incurred a total loss of $1.74 million.
PEPE Balance by Holding Drop ~$1B in 2025
As the crypto market faces massive liquidations each day, the PEPE balance by holdings in USD has witnessed a massive plunge in 2025. Over the past 9 days, the balance by holding of PEPE stood at $8.41 billion.
However, it has now reduced to $7.5 billion, reflecting liquidations of nearly $900 million. As the balance of more than $10 million stood at $5.8 billion, it has now reduced to $5.09 billion.
Meanwhile, the holdings between $1 billion to $10 billion is now at $1.13 billion, compared to $1.2 billion at the start of the year. Furthermore, the $100,000 to $1 million worth of holdings has shifted from $716.71 million to $635.63 million.
As the balance by holdings of PEPE continues to decline, the confidence of the community is evidently declining.
The PEPE meme coin faces mounting bearish pressure, with its market cap dropping to $7.6 billion and balance by holdings plunging by nearly $1 billion in 2025. Despite short-term signs of a potential reversal, such as RSI divergence, the broader bearish sentiment and whale liquidations reflect waning confidence in the community. Key levels to watch include $0.00001969 for recovery and $0.00001670 for further downside risk.
PEPE Holdings Plunge Almost $1B, Bears Eye 18% FallÂ
