PEPE Token Faces 2.18% Dip Amid Consolidation, Large Holder Accumulation Counters Selling Pressure

PEPEUSDT has experienced a 2.18% price decrease over the past 24 hours, with its current price at 0.00000403 USDT according to Binance. This decline is primarily attributed to ongoing consolidation and reduced trading volumes, as recent market sentiment points to sustained selling pressure and a failure to break key resistance levels. Accumulation by large holders at lower prices and stable community engagement offer some counterbalance, but short-term momentum remains subdued.

The market capitalization is approximately $1.68–$1.73 billion, with a circulating supply of 420 trillion tokens and 24-hour trading volume between $163.88 million and $193.64 million. Trading activity on major exchanges, including Binance, reflects strong interest despite recent volatility and the asset’s position at a technical support level.