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PEPE Teeters on $0.00001 Support After 500B-Token Whale Move to Binance

Traders say the $0.00001 pivot will likely separate a short-lived bounce from a slide into the high $0.000008s.

Pepe faces 15% downside risk as trading volumes and on chain activity plunge
meme coin

Overview

  • PEPE is trading in the high $0.000009s near the $0.00001 line, with intraday prints around $0.0000096–$0.0000098 as the market tests short-term support.
  • A whale sent roughly 500 billion PEPE (about $4.8 million) to Binance, adding selling pressure that pushed price action toward this pivot.
  • Chart watchers highlight a symmetrical triangle consolidation and warn of increased volatility as price hovers near the pattern’s lower boundary.
  • Analysts outline two paths: daily closes reclaimed above $0.00001 could target $0.0000115–$0.0000125 (with some calling for $0.000013), while acceptance below opens $0.0000090–$0.0000085.
  • Fresh data signal softer participation, with spot volume near $980 million, open interest down 4% to $535 million, long liquidations around $326,000 versus $9,900 in shorts, and fewer than 3,000 daily active addresses as exchange balances tick higher.