PEPE at Crossroads as Volume and Leverage Jump, Triangle Pattern Nears Break
Conflicting on-chain signals leave direction unclear.
Overview
- PEPE trades near $0.00001 with a market value a little above $4 billion, well below its May peak.
- Daily turnover surged to about 5.6 trillion tokens, roughly triple the 30‑day average, and futures open interest climbed toward $600–700 million according to CoinGlass.
- Charts show a consolidation in a triangle pattern, with analysts saying a move above roughly $0.000009681 could open upside while a loss of support near $0.00000900 risks a breakdown.
- On-chain readings diverge, with one report citing a 22% monthly drop in whale-held tokens and another noting net additions by top non‑exchange holders alongside falling exchange balances.
- A 1.52 trillion‑token withdrawal from Kraken linked by data to Auros Global briefly jolted price action and underscored whale-driven volatility.