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Pepe Coin Slumps to $0.000004 as Exchange Balances Rise, Analysts Flag Conditional Rally Setup

Derivatives data show open interest has dropped to roughly $200 million, highlighting a deep bout of deleveraging.

Overview

  • PEPE trades near $0.000004, sitting roughly 75% below its 2025 peak and about 85% under its all-time high.
  • Nansen-tracked exchange holdings climbed to about 258.7 trillion PEPE, up roughly 8 trillion this month in a sign of increased depositing and potential selling.
  • Charts show the token below the 20-, 50- and 200-day moving averages with an oversold RSI near 25, pointing to persistent bearish pressure.
  • Analysts note a falling-wedge and trendline retest that could allow a relief bounce, though any upside depends on a confirmed breakout above nearby resistance.
  • Bitcoinist cites MMBTtrader projecting a possible 430% move toward $0.000022 by 2026 if key support holds, while some holders shift toward utility plays such as Remittix.