Pepe Coin News: Whales Dump 1T Tokens, Prices Drop 5.3% - April 2025

Pepe Coin Faces Turbulence: Whales Dump, Prices Slide, Yet Hope Persists

What happens when a meme coin sensation hits a wall of whale-sized sell-offs and regulatory whispers? As of April 10, 2025, Pepe Coin (PEPE), the frog-themed cryptocurrency that once captivated the crypto world, is grappling with a dramatic turn of events. A staggering 1 trillion PEPE tokens were offloaded by major holders this week, sending shockwaves through the market and pushing prices down by over 5% in the past 24 hours. Yet, amidst the chaos, some experts see glimmers of a rebound. Is this the end of Pepe’s wild ride, or a dip before a leap? Let’s dive into the latest developments shaking the crypto pond.

The Rise and Ripple of Pepe Coin: A Quick Recap

Pepe Coin burst onto the scene in April 2023, launched on the Ethereum blockchain as a tribute to the internet’s beloved Pepe the Frog meme. With no intrinsic utility, its meteoric rise was fueled by sheer community hype and speculative fervor, peaking at a market cap of over $7 billion in 2024. According to CoinGecko, PEPE’s trading volume hit $1.2 billion on April 9, 2025, a testament to its enduring popularity despite recent turbulence (CoinGecko, April 2025). However, this week’s whale activity has cast a shadow over its trajectory, raising questions about its staying power in a volatile market.

The coin’s price, which hovered around $0.0000086 last week, has now slipped to $0.0000068 as of 3:16 AM PDT on April 10, 2025, per live data from CoinMarketCap. This 5.3% drop in a single day aligns with broader market jitters but is amplified by specific actions from PEPE’s biggest players. Understanding this moment requires peeling back the layers of what’s driving the sell-off and what it means for the coin’s future.

Whales Make Waves: A Billion-Token Sell-Off Unraveled

The catalyst for this week’s downturn came from an eye-popping move by Pepe Coin whales—large holders who control significant portions of the token’s supply. On April 8, 2025, blockchain analytics firm Lookonchain reported that a single whale dumped 700 billion PEPE tokens into Binance, pocketing $4.9 million in USDC. Within 48 hours, another 400 billion tokens followed suit, bringing the total to over 1 trillion PEPE offloaded (CoinGape, April 2025). These transactions, valued at roughly $7 million, represent a massive liquidation event for a coin already teetering on key support levels.

For context, PEPE’s circulating supply stands at 420.69 trillion tokens, meaning this sell-off accounts for about 0.24% of the total—an outsized move for a meme coin where whale activity often dictates short-term price action. Crypto Daily noted that such dumps typically signal profit-taking after a prolonged bull run, but they also spark panic among retail investors, amplifying downward pressure (Crypto Daily, April 2025). One X user, @CryptoWhaleWatcher, remarked, “Whales cashing out $PEPE like it’s a fire sale—retail’s left holding the bag again.” While not a definitive trend, the sentiment reflects the unease rippling through the community.

Expert Voices Weigh In: Panic or Pivot Point?

Analysts are split on what this means for Pepe Coin’s near-term fate. Shayan Chowdhury, a seasoned crypto journalist at Cryptopolitan, argues that the sell-off aligns with technical indicators pointing to a correction. “PEPE’s RSI [Relative Strength Index] hit overbought territory at 75 last month, and this whale activity is a natural pullback,” he explained in an April 9 analysis on Analytics Insight. “The $0.000006575 support level is critical—if it holds, we could see a rebound to $0.00001 by May” (Analytics Insight, April 2025). Chowdhury’s view hinges on historical patterns where meme coins recover after whale-induced dips, provided community momentum persists.

Contrastingly, Mitrade’s market strategist, Jin Lee, warns of deeper trouble. “The lack of fundamental value in PEPE makes it vulnerable to these shocks,” Lee told Mitrade Insights. “With regulatory scrutiny on meme coins rising globally, institutional interest might dry up, leaving retail traders exposed” (Mitrade, April 2025). Lee points to the U.S. SEC’s recent crypto task force roundtable, held on April 7, 2025, as a potential precursor to tighter rules that could dampen speculative assets like PEPE (Economic Times, April 2025). The interplay between technical resilience and external pressures paints a complex picture for investors.

The broader market impact is undeniable. Binance, the largest exchange hosting PEPE trades, saw a 10% spike in sell orders on April 9, per its public order book data, suggesting a ripple effect beyond whale wallets. Smaller exchanges like MEXC and WEEX, which listed PepeCoin (a distinct entity) in February, reported similar volume surges, hinting at a contagious sell-off mood (Crypto News, February 2025). For retail investors, this volatility underscores the high-stakes game of meme coin trading.

Real-Time Data: Where Pepe Stands Today

As of 3:16 AM PDT on April 10, 2025, Pepe Coin’s price sits at $0.0000068, down 5.3% from yesterday’s $0.0000072, according to CoinMarketCap. Trading volume over the past 24 hours reached $1.15 billion, a slight dip from the $1.2 billion recorded on April 9, signaling a cooling of frenzy but sustained interest (CoinMarketCap, April 2025). The coin remains above its 50-day moving average of $0.0000065, a bullish sign for some, though it’s testing the critical $0.000006575 support Chowdhury highlighted.

Looking ahead, a key event looms: PepeCoin’s first halving, scheduled for April 18, 2025, just eight days away. TradingView notes that halvings typically reduce supply growth, often boosting prices if demand holds steady (TradingView, March 2025). For PEPE, which lacks such a mechanism (unlike the separate PepeCoin blockchain), the focus remains on market sentiment and whale behavior. CoinCentral’s analysts predict a cautious optimism: “If PEPE stabilizes above $0.0000068 this week, a 10-15% bounce is plausible by month-end” (CoinCentral, April 2025). Yet, they caution that a break below could trigger a further 35% drop, echoing Crypto Daily’s bearish scenario.

Institutional actions offer another lens. Binance’s February 2025 inclusion of PEPE in its BNSOL Super Stake program, allowing users to earn rewards, briefly fueled a 6% rally (CoinGape, February 2025). However, no new institutional moves have emerged this week, leaving the coin reliant on retail enthusiasm—a fragile foundation amid whale exits.

Beyond the Dip: What’s Next for Pepe Coin?

Pepe Coin’s story is one of extremes—explosive growth, sudden plunges, and a community clinging to hope. The whale sell-off has exposed its vulnerabilities, yet technical signals and upcoming events suggest the frog might still hop back. For early adopters, the ride has been lucrative: a $1,000 investment at PEPE’s 2023 launch price of $0.00000006 would now be worth $113,333 at today’s $0.0000068—a 11,233% return (CoinGecko historical data). But for latecomers, the question is whether this dip is a buying opportunity or a warning sign.

The interplay of market dynamics, regulatory shadows, and community resilience will shape PEPE’s path. As Mister Crypto, a prominent analyst, told CoinGape in February, “PEPE’s my top pick for 2025 if the hype machine keeps running” (CoinGape, February 2025). That hype now faces its toughest test. Will retail traders rally to offset whale dumps? Can PEPE defy its lack of utility in a tightening regulatory landscape?

Share your thoughts on our X: Is Pepe Coin poised for a comeback, or is this the beginning of a deeper slide? Join the conversation as the crypto world watches this meme coin’s next move.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.