**Pepe Price on the Cusp of Further Selloff as Top Whales Capitulate**
The price of Pepe, the top-tier frog-themed memecoin, is on the verge of a further selloff. Year to date (YTD), Pepe has been forming a potential macro reversal pattern, signaling a major correction ahead.
According to market analyst Aksel Kibar, Pepe’s price is on the precipice of a significant correction, with a price target of $0.0000146. On the weekly timeframe, Pepe has been exhibiting a potential head and shoulders (H&S) pattern, accompanied by a bearish divergence in the Relative Strength Index (RSI). These technical indicators suggest a possible downward movement in the near term.
**Top Whale Investors Capitulate Amid Heightened Fear**
Demand for Pepe has significantly declined recently. With fears of further crypto capitulation reaching extreme levels, overall interest in memecoins remains relatively low. On-chain data reveals that whale investor 0x2f3 recently moved the last $3.7 million worth of PEPE tokens to Coinbase, effectively exiting their entire position. This whale had previously held Pepe tokens valued at $46 million since at least June 2024.
Market data analysis from CoinGlass shows Pepe’s open interest (OI) dropping dramatically—from nearly $1 billion to around $194 million in 2025. In parallel, Bitcoin has been losing value to Gold in recent months, although Gold appears to be signaling a potential peak.
**What’s Next for Pepe?**
From a technical analysis perspective, Pepe’s price is likely to find support at its current levels and potentially rebound towards a new all-time high. Given Pepe’s strong correlation with major cryptocurrencies like Bitcoin and Ethereum, any recovery in those assets—possibly fueled by changes in the Federal Reserve’s policy—could serve as a catalyst for Pepe’s rally.
Investors and traders should keep a close eye on these macro and technical signals as they navigate the evolving landscape of frog-themed memecoins.
https://bitcoinethereumnews.com/tech/pepe-price-on-the-cusp-of-further-selloff-as-top-whales-capitulate/