PEPE ($PEPE) Token Crashes 25% in a Week as a Whale Dumps $6.4M Worth of Tokens

Meme coins are facing a sharp pullback over the past 24 hours, with PEPE ($PEPE) emerging as the worst performer among the top five in this category

Meme coins are facing a sharp pullback on Monday, with PEPE ($PEPE) emerging as the worst performer among the top five in this category, losing 16.2% of its value.

Adding to the pressure, $PEPE holders were caught off guard by a major profit-taking move, as Spot On Chain reported the sale of 430 billion $PEPE tokens, which were valued at $6.4 million at the time of the dump.

A whale deposited 430B $PEPE ($6.39M) to #Binance 9 hours ago, likely locking in a $5.82M profit.

This marks the end of the whale’s first $PEPE trade with an estimated total profit of $11.1M (11x return) after 1.22 years!

Follow @spotonchain for more updates about big earners… pic.twitter.com/VuUgKBxPxF

— Spot On Chain (@spotonchain) January 27, 2025

According to the crypto analytics firm, the whale secured profits of $5.82 million from the sale, having previously closed portions of their long position. In total, this wallet has reportedly netted $11.1 million in profits after holding $PEPE for 11.1 years.

Whale activity like this often captures the attention of the market, given their significant influence on price movements and their tendency to act on valuable insights about market trends.

Today’s decline pushes PEPE into crash territory, with its value dropping by 25% over the past week. Since the start of 2025, the token has fared even worse, posting losses of 36.4%.

In the broader market, meme coins as a whole have declined by 12.6% in the last 24 hours, with their total value dropping below $90 billion for the first time in 30 days.

PEPE Breaks Key Technical Indicator That Could Signal Further Weakness Ahead

The price of PEPE ($PEPE) is breaking a key support level today, signaling potential further weakness for the meme coin in the near term.

The 200-day exponential moving average (EMA), a key indicator of an asset’s mid-term trend, has been breached, with PEPE trading 13.2% below this level, effectively ending the November uptrend.

Adding to this bearish outlook, PEPE has also broken a critical horizontal support that aligned with the 200-day EMA. Meanwhile, the MACD indicator has issued multiple sell signals, reflecting the steep sell-off since PEPE peaked on December 9.

Recent heavy selling volumes suggest that PEPE may find support before reaching post-election levels, as some of the tailwinds that previously boosted its price remain intact. However, the broader market sentiment appears to be waning now that President Donald Trump has entered the White House.

For long-term crypto investors, this downturn could present an opportunity to accumulate PEPE at a more attractive price point, particularly if they believe the current pullback is merely a pause before the next phase of the bull market begins.

Meanwhile, newer meme coin projects are thriving, drawing significant attention and investment despite the broader market slowdown.

Wall Street Pepe Presale Smashes $60M – Is This the New Pepe?

The OG Pepe token may be on a downtrend, but the Wall Street Pepe presale still has investors excited. With just 19 days before the event ends, it has raised over $61 million.

This project aims to build a collective of traders who want to join forces to beat whales at their own game.

With guidance from a team of seasoned professionals, $WEPE holders gain access to exclusive trading strategies and market insights, giving them a competitive edge in a market often dominated by large-scale investors.

Currently, in the final stage of its presale, $WEPE is priced at $0.0003665—an attractive discount that gives early buyers the opportunity for substantial returns once the token lists on exchanges.

To buy $WEPE, head to the Wall Street Pepe website and connect your wallet (e.g. Best Wallet).

You can either swap USDT, ETH, or BNB tokens or use a bank card to complete the transaction.

With less than 19 days remaining until the presale ends, now is the time to act.

Visit Wall Street Pepe Here

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly