Despite a sharp downturn in October 2025, Pepe (PEPE) is showing tentative signs of stabilization, with its price movement continuing to be predominantly driven by the activity of large wallet holders, presenting a complex landscape for traders and funds.
A Volatile October and Signs of Life
Pepe has faced a challenging month, with its value declining significantly. However, recent trading activity suggests a potential stabilization. After a period of selling pressure, the token is currently trading around $0.00000733. This comes after a notable intraday bounce on October 27th, where it reached a high of $0.00000741, indicating that buyers are stepping in at what they perceive as key support levels. This late-day resilience highlights that short-term demand persists, even within a broader negative trend that has seen PEPE drop over 27% in the last 30 days.
The Whale’s Tale: Accumulation and Distribution
The price action of PEPE is overwhelmingly influenced by the behavior of “whales”, or large wallet holders. On-chain data reveals a pattern of accumulation, with reports indicating that approximately $17 million worth of PEPE has been moved off exchanges on a weekly basis. This reduction of readily available supply on trading platforms is a classic sign that large players are moving tokens into long-term storage, an action that has historically preceded price rallies.
Conversely, the same cohort has also been taking profits. Over the past month, the combined holdings of these whales have decreased, with one notable entity selling 723.67 billion PEPE in a single transaction. This push-and-pull between accumulation and distribution by large holders is a primary driver of PEPE’s characteristic volatility, creating sharp price swings that can reward or punish leveraged positions in an instant.
Navigating the Memecoin Landscape
For traders and treasury managers, navigating PEPE requires a clear-eyed view of its risks and dynamics. The token’s immense circulating supply of 420.7 trillion coins creates a natural mathematical ceiling on its per-token price, making targets like one cent or one dollar practically unattainable without a massive supply reduction. Furthermore, its value is heavily correlated with social media sentiment and the overall health of the memecoin sector, rather than fundamental utility. While some predictions are optimistic for the long term, the current market sentiment is largely bearish, and technical indicators suggest continued caution is warranted.
In essence, PEPE’s recent bounce demonstrates that speculative interest remains, but its future trajectory is inextricably linked to the actions of a few large holders and the whims of a highly volatile market. For market participants, vigilance over exchange flows and a disciplined approach to risk management are not just advisable—they are essential.
