PEPE token holders—a community supporting the popular Ethereum-based memecoin—are facing an ongoing downturn, marked by an additional 6% decrease today. The memecoin, themed after the famous frog meme, has recorded losses across multiple timeframes.
In the past week alone, PEPE has fallen by 10.38%, bringing its monthly decline to 35%, while losses for the year-to-date now sit at 25.7%.
Source: Finance Newso
This downturn indicates that no investors who purchased PEPE in 2025 are currently in the green.
46% of PEPE Holders Remain Profitable Through 25% YTD Bloodbath
Despite the recent struggles, PEPE continues to hold its rank as the third-largest memecoin, with a market capitalization exceeding $3.9 billion. It trails behind Shiba Inu, valued at $6.7 billion, and Dogecoin, which leads at $24.1 billion.
Source: CoinMarketCap
PEPE holders, often referred to as the “PEPE Army,” are displaying strong resolve amid these challenges.
Data from IntoTheBlock indicates that 37% of PEPE holders have not sold any tokens over the past year, while the majority—57%—of wallets contain between 1 and 12 million PEPE tokens that remain untouched.
Furthermore, large holders, or “whales,” control 75% of the total token supply, with 46% of all holders still profitable despite the current market conditions.
Crypto investor JamesonXBT recently shared his perspective, revealing that he has held his PEPE position for over two years and believes that his patience will soon be rewarded.
I've been holding $PEPE for 2+ years now, patience is about to pay BIG TIME
It will be obvious in hindsight pic.twitter.com/VQ4nbJGfVQ
— Jameson (@jamesonxbt) June 25, 2025
Another trader pointed out a bullish chart pattern that suggests a potential 25% gain in one candlestick, akin to past occurrences of similar patterns.
Elon Musk’s 60M-View PEPE Meme Ignites Army’s Reversal Hope
Elon Musk, CEO of Tesla and a figure rumored to hold PEPE, recently posted a PEPE-themed meme that has garnered more than 60 million views, further invigorating the PEPE Army.
pic.twitter.com/QyKLzXez3L
— Elon Musk (@elonmusk) June 19, 2025
This latest development has reignited optimism among the PEPE community, recalling how a previous change in Musk’s profile picture in December led to a significant rally for PEPE, pushing its market cap beyond $10 billion.
Additionally, The New York Post released a buying guide for PEPE, touting it as a potential long-term investment opportunity.
A Bitcoin investor and key opinion leader at the OKX exchange noted that PEPE is showing chart patterns reminiscent of those from two years ago, proposing a bold target of an 800% increase from current price levels.
Trading volumes for PEPE appear to be on the rise, with CoinGlass reporting over $2.4 billion in transactions in the last 24 hours, marking a 5.4% increase during this span.
The funding rate in derivative markets has remained positive for three consecutive days, hinting that traders might be gearing up for long positions on PEPE in the near future.
Is PEPE’s RSI at 30.85 Signaling the Ultimate Oversold Bounce?
The PEPE/USDT daily chart currently shows the token trading around $0.00000929, down 5.8% for the day.
Price action is consolidating just above a key accumulation range between $0.00000830 and $0.00000872, identified as a support level during previous consolidation phases.
This zone has historically led to bullish reversals, as evidenced in mid-March and early May. Notably, the current RSI reading of 30.85 is nearing oversold territory, indicating that bearish momentum may be waning and a potential rebound could be on the horizon.
This perspective is supported by a visible bullish projection trajectory that suggests a possible retest of the $0.00002000 region if current support holds.
While earlier bearish signals were provided by the RSI indicator, if buyers can reclaim control from this demand zone, PEPE might begin a recovery toward mid-range resistance near $0.00002000, with further upside potential aimed at the high of $0.00002836.
Conversely, a drop below $0.00000830 would invalidate this optimistic outlook and expose lower support levels around $0.00000525.
The post PEPE Down 35% This Month, Yet 37% of Holders Haven’t Sold in a Year – Diamond Hands or Dead Wallets? appeared first on Finance Newso.
