{"id":38429,"date":"2025-07-23T17:50:41","date_gmt":"2025-07-23T17:50:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38429"},"modified":"2025-07-23T17:50:41","modified_gmt":"2025-07-23T17:50:41","slug":"pepe-plunges-5-on-volume-spike-but-whale-wallets-are-accumulating","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38429","title":{"rendered":"PEPE Plunges 5% on Volume Spike, but Whale Wallets Are Accumulating"},"content":{"rendered":"
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PEPE fell more than 5% in the last 24-hour period, dropping from a session high near $0.000014167 to a low of $0.000012915, before seeing a slight recovering.<\/p>\n

Trading volume reached 13.02 trillion tokens an hour during the sell-off, more than four times the session average of 3.2 trillion, according to CoinDesk Research’s technical analysis data model.<\/p>\n

Despite the selloff, several market indicators suggest deeper investor interest. Google search queries for PEPE jumped on July 22, peaking shortly before the crash, according to Google Trends<\/a>.<\/p>\n

Meanwhile, whale wallet holdings on Ethereum, measured by the top 100 addresses, grew by 3.2% over the past 30 days. PEPE tokens on exchanges dropped by 2.5% over the same period, according to Nansen<\/a> data, suggesting there\u2019s less available supply.<\/p>\n

By the end of the session, PEPE had clawed back some of its losses, stabilizing around $0.0000131. Recovery volume stayed elevated, averaging between 300 and 400 billion tokens per hour, showing renewed buying interest in the aftermath of the drawdown.<\/p>\n

Technical Analysis Overview<\/h2>\n

Price action during the session was defined by sharp swings and clear levels of resistance and support. PEPE consistently failed to break through the $0.000014150 range, forming a ceiling that turned buyers away multiple times.<\/p>\n

On the downside, the $0.000013 mark acted as a floor where prices repeatedly bounced back.<\/p>\n

The most intense selling came as hourly volume spiked, suggesting forced exits and large-scale profit-taking. But by session close, steady buy-side activity, averaging 300 to 400 billion tokens per hour, hinted at a potential rebound.<\/p>\n

While the rally lost steam, the underlying trading behavior reflects a pattern familiar in memecoin markets: hype-driven surges followed by sharp corrections, with long-term holders seizing volatility as an entry point.<\/p>\n

Disclaimer:<\/em><\/strong>\u00a0Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0our standards<\/a>. For more information, see<\/em>\u00a0CoinDesk’s full AI Policy<\/a>.<\/em><\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PEPE fell more than 5% in the last 24-hour period, dropping from a session high near $0.000014167 to a low of $0.000012915, before seeing a slight recovering. Trading volume reached 13.02 trillion tokens an hour during the sell-off, more than four times the session average of 3.2 trillion, according to CoinDesk Research’s technical analysis data […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38429","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38429"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38429\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}