The popular frog-decorated meme coin Pepe Coin (PEPE) leapfrogged to a fresh monthly peak last week, but has dropped 6.9% from this milestone today. Right now, the Pepe Coin’s believers rely on the surging trading volume, as PEPE leads in this category with billions of dollars a day.
Key Price Hurdle Cleared, PEPE Whales Still Sell
On the other side of this bullish PEPE tale are the profit-taking large investors, popularly referred to as whales. Some of the largest PEPE Coin holders have sold off all their tokens at a massive loss, as portrayed in the latest instance by LookOnChain.
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One crypto whale sold 129.15 billion PEPE tokens at a $511K deficit after holding the popular Ethereum-based meme coin for over 5 months, the research noted. Despite still holding above $800K in a flurry of mid & low-cap meme coins, the trader’s action portrays a worrying trend if other crypto whales feel the same way.
While PEPE’s current price is still above the key support of $0.000005407, clearing this hurdle doesn’t necessarily mean whales believe in crypto’s favorite frog eating a zero. The Chaikin Money Flow (CMF) depicts a story of slight profit-taking across top exchanges like Binance & Coinbase on the 4-hour charts.
Pepe’s Real Price Setup & The Shadow Of $60B BTC
Zooming out, the profit-taking looks way more intense, sending the CMF index below -0.30 on the daily time-frame. The good news is that PEPE’s current price setup has crossed over the Smoothed Moving Average (SMA), presented in purple color in the daily PEPE price chart below.
What happens in the next few days will be crucial to determine the length of the all-around meme coin rally in 2026. Kicking off strong, major-caps are now seeing double-digit retreats as geopolitical concerns plant more uncertainty surrounding the global financial landscape.
With Donald Trump’s administration making strong moves in the American continent, it’s yet to be determined how this plays out on the broader crypto & stock markets in the long-term. Venezuela’s rumoured to be a big player in Bitcoin (BTC), holding reserves of $60 billion if true.
The destiny of those assets would likely have implications for the rest of the market, not just BTC. Sporting a high price correlation with the flagship asset, PEPE Coin’s profit-taking could be overshadowed by renewed buying power.
For that, Bitcoin (BTC) would have to reclaim the cost-basis checkpoint of $100K, viewed by many connoisseurs as the confirmation of a bull run.
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Wallet 0x7274 dumped 129.15 billion PEPE (worth ~$822K) after holding for over five months, locking in a realized loss of approximately $511K.
Likely capitulation amid waning momentum in PEPE’s early-2026 rally – cutting losses before potential deeper dips, common in volatile memes when hype cools.
PEPE’s up over 50% weekly on meme frenzy & whale transaction spikes (620% WoW), but this exit adds selling pressure and highlights risks of over-leveraged longs.
