PEPE fell around 1% after a major holder transferred 500 billion tokens, worth roughly $4.8 million, to Binance in a move often seen as a precursor to selling. The shift came during a 40-day downtrend that has already cost the trader an estimated $450,000.
Despite the pressure, PEPE rebounded sharply from lows near $0.00000938, last trading around $0.00000992. Prices swung within a 6% range, finding resistance just under $0.00001. More than 3.26 trillion tokens traded hands during the session, with volumes peaking as the recovery gained momentum, according to CoinDesk Research.
Blockchain data shows the whale still controls 1.5 trillion PEPE, valued above $14 million. Nansen figures indicate other large investors are adding exposure, with Ethereum-based whales increasing their PEPE holdings by 1.46% over the past 30 days.
PEPE continues to outperform the broader memecoin sector. The CoinDesk Memecoin Index (CDMEME) dropped nearly 3% over the past 24 hours, compared with PEPE’s smaller 1% decline.
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