PEPE Slides on $4.8M Whale Exit Yet Maintains Sector Strength

PEPE slipped about 1% on Monday after a whale moved 500 billion tokens—valued at $4.8 million—to Binance, adding fresh selling pressure. The transaction extended a 40-day slide that has already cost the trader roughly $450,000.

The memecoin quickly rebounded from intraday lows near $0.00000938 to around $0.00000992, trading within a volatile 6% range. Technical data from CoinDesk Research showed over 3.26 trillion tokens exchanged hands, with buying activity strengthening during the recovery phase.

Despite the transfer, the whale still holds 1.5 trillion PEPE worth more than $14 million. Broader accumulation also appears underway: Nansen data shows Ethereum-based whales boosted their PEPE holdings by 1.46% over the past month.

While resistance remains firm just below $0.00001, PEPE continues to outperform peers. The CoinDesk Memecoin Index (CDMEME) lost nearly 3% over the past 24 hours, compared with PEPE’s modest 1% drop.