PEPE Price Falls as Whale Sells 500B Tokens

PEPE Price- PEPE Crashes After Whale Moves Billions to Binance

PEPE Price– The memecoin PEPE is facing heightened selling pressure after a recent whale sell-off, triggering concerns among traders. On May 30, PEPE token experienced an 11% price drop, trading around $0.0000128, signaling a potential shift toward a bearish trend. The dip was accompanied by a 15% decline in trading volume, as reported by CoinMarketCap, indicating reduced investor participation and growing fear in the market.

Whale Sells 502 Billion Tokens

In a significant move, a crypto whale offloaded 502.5 billion PEPE tokens, worth approximately $6.47 million, to Binance. The sale brought the whale a profit of around $7.47 million, with the tokens reportedly acquired in late April or early May 2025. Despite this large sell-off, the whale continues to hold 497.5 billion PEPE token, valued at $6.41 million.

Technical Analysis Indicates More Downside

Analysts at AMBCrypto note that PEPE recently broke below an ascending triangle pattern—a typically bullish formation—turning sentiment bearish. If the downward momentum continues, the price could fall by another 15%, potentially reaching the next key support at $0.0000111, near the 200-day Exponential Moving Average (EMA).

The Relative Strength Index (RSI) currently sits at 52, suggesting neutral momentum with no clear signs of the token being overbought or oversold.

On-Chain Activity & Liquidation Risk

According to IntoTheBlock, PEPE’s large transaction volume—mainly from whales and institutions—has increased by 4.09%, sparking debate over whether this is accumulation or further selling pressure.

The current major liquidation levels lie at $0.00001259 (support) and $0.00001351 (resistance), with leveraged positions heavily tilted towards shorts. In total, there are $2.39 million in long and $7.65 million in short positions, increasing the risk of sharp price swings.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.