PEPE Market Activity Analysis

Recent Transaction Activity

• Number of large PEPE transactions dropped from 1,520 to 155 over the last three months.
• PEPE’s price decreased by more than 37%, while volume increased by over 60% in a month.

PEPE experienced a significant decline in large transactions, plummeting from a peak of 1,520 to just 155 over the last three months. This decline mirrors PEPE’s price fall from $0.000026 to $0.000010 during the same period.

Historically, a drop in large transactions indicates falling interest or liquidity, often resulting in price declines, notably observed between early December and February.

Large transactions reached their peak in early December, coinciding with a price spike to $0.000026. However, as large transactions decreased, so did the price, hinting at a correlation between transaction volume and price stability.

In late February, only 155 large transactions were recorded, signifying reduced trading activity and potentially lower market confidence, which weighed down PEPE’s price.

Future Outlook for PEPE’s Price

With the price having dropped over 37% in the last month, while volume surged by 60%+, PEPE could be prone to additional declines, suggesting a sell-off in the Futures market.

Analysis of the PEPE/USDT pair on Binance indicates that the price is dipping towards support levels between $0.0000620 and $0.0000420, with the current price at $0.0000924. Trading below the 200 EMA further confirms bearish momentum.

The OBV indicator at 1.699T has also trended down, aligning with the price dip and indicating selling pressure. Such negative divergence often suggests further declines ahead.

However, since the price is at a support level, there is potential for a reversal if buying interest rises. A hold above this support could see PEPE rebound towards the $0.0001 resistance level.

In contrast, sliding below $0.0000774 could suggest further declines, possibly reaching new lows around $0.000062. The low reading on the OBV could either indicate a looming recovery if reversed, or confirm continuing downward pressure if it trends lower.

Holder Analysis Around Price

The “In/Out of the Money Around Price” metric shows that 36.68% of holders are in profit, together amounting to $259.54 million, which may provide support if the price drops.

Conversely, 57.47% of holders bought above the current price, totaling $406.59 million, indicating potential resistance at higher levels. They might either sell to minimize losses or await a price recovery.

Moreover, 5.85% of holders are at the breakeven point with a total of $41.37 million. A larger share of holders are out of the money, implying possible selling pressure if the price attempts to rise, potentially capping upside unless strong buying momentum occurs.