The seed-themed memecoin pepe (PEP) Release almost 6% over 24 hours when Trump’s mutual tariffs sent ripples through the cryptocurrency market and exposed token’s volatility.
Pepe’s price swung across a 16.5% trading area, which emphasized how fast mood can turn in a market that is still more sensitive to geopolitical and macroeconomic signals as the trading volumes fall.
Behind the fall in prices, however, large addresses occur unaffected. Data from Blockchain Analytics company Nansen shows that whale audience has increased their Pepe stocks by over 5% in the last month, now awarded tokens, now valued at around $ 3 billion, over 70% of Pepe’s supply.
Meanwhile, the total supply of Pepe slipped on exchanges to a two-year low of approx. 247.2 trillion tokens, a nearly 3% fall since the beginning of July, according to the same source.
Overview of Technical Analysis
Pepe has struggled to keep gains after testing resistance near $ 0.0000106 and met the company on the sale of pressure pushing the price lower.
The coin found support around $ 0.00000965 and prevented it from sliding on, although the overall trade area reflects sustained volatility, according to Coindesk Research’s technical analysis data model.
Charts show a falling channel that creates the recent price action where sellers entered upward movements. Trading volumes reveal a distribution pattern at price tips, suggesting that dealers offra positions rather than building fresh along.
However, short rebounds and waves in buying interest suggest that Memecoin is not out of the fight. A volume of burst helped modest prices modestly from the recent low, which signaled that some dealers still see room for a rejection if the wider market mood improves.
