Analysis: PEPE falls amid questions dating back to its launch

2025-12-16 01:22:44

Source: CritpoTendencia Original Title: Analysis: PEPE Falls Amid Questions Dating Back to Its Launch Original Link: The price of PEPE continues its downward trend and has yet to regain its position within the top 3 of the meme coin market by market capitalization, where it used to stabilize.

At the time of writing, PEPE is trading at $0.0000043, with daily losses of 6.8%, weekly losses of 10%, and monthly losses of 26.5%. As a result of this correction, it now ranks 4th among the highest market cap meme coins, below MemeCore (M).

What is driving PEPE to its current levels?

PEPE’s retreat occurs in a generalized context of declines within the meme coin market, where assets like DOGE show significant drops of 5.6% daily and 7.8% weekly.

This scenario is compounded by renewed questions about the initial distribution of the token. On Wednesday, Bubblemaps stated that around 30% of PEPE’s supply was concentrated in a single entity at the time of its launch in April 2023. According to their analysis, this concentration would have caused strong early selling pressure, contradicting the narrative of a fair launch.

According to Bubblemaps, a liquidation close to $2 million in PEPE may have occurred the day after the launch, preventing the project from reaching $12 billion in market capitalization. These revelations sparked criticism within the community, especially because the project team had assured from the outset that there would be no pre-sale or advantages for insiders.

This environment is further affected by the overall weakness of the crypto market. At the time of writing, BTC is down 1.8%, and ETH is down 4%.

PEPE Chart Analysis: Key Levels to Watch

Despite the fall, PEPE maintains a medium-term sideways trend characterized by wide movements, reflecting its high volatility. However, it has lost a significant support at $0.0000045.

Key Resistances:

$0.0000050: area where the price faces a double top.
$0.0000052: intermediate resistance that previously acted as support.
$0.0000060: level where a more consistent recovery could begin.

Key Supports:

$0.0000044: immediate support aligned with the daily low.
$0.0000040: important point, coinciding with annual lows.
$0.0000036: level it could head towards if the previous support is lost.

The RSI stands at 32 points, close to the oversold zone but not yet entering it, suggesting there might be room for further decline before a significant rebound.

Important Data to Keep in Mind About PEPE

The top 100 wallets of PEPE control approximately 70% of the supply (about 300T PEPE).

PEPE’s open interest is at $33.6 million, with a 9.74% decrease in the last 24 hours.

The TVL of the PEPE ecosystem is $37.29 million.

Year-to-date, the token has decreased by 82.21%.

The crypto market today is down 2.47% and is approaching the $3 trillion threshold in capitalization.

CoinMarketCap’s Fear and Greed Index stands at 29 points, reflecting a cautious environment.

PEPE-7,33%

M0,08%

DOGE-2,77%

BTC-0,03%

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