Join Our Telegram channel to stay up to date on breaking news coverage
The Pepe price plummeted 5% in the last 24 hours to trade at $0.00001392 as of 8:33 p.m. EST on a 61% plunge in daily trading volume to $1.2 billion.
The PEPE price plunge came as Hyperliquid trader James Wynn cashed out a fat $25.18 million profit from his PEPE positions to go all-in on Bitcoin.
The move likely triggered some FUD (fear, uncertainty, doubt) in the market that contributed to the PEPE price drop. Wynn’s profit from PEPE trading exceeds $57 million.
James Wynn just fully closed his $1.2B $BTC long on Hyperliquid
Dude went from +$20M to -$20M to +$40M to finally -$10M
Biggest DEX position in crypto history. 8-figure roundtrip. And we were all there to watch it 🍿
Degeneracy for the history books pic.twitter.com/LbUeH8dGm1
— フ ォ リ ス (@follis_) May 24, 2025
The trader later opened an 11,588 BTC position at an average entry of $108,243 with a liquidation price of $105,180, doubling his positions to $1.2 billion.
He closed all his BTC positions on May 24, after going from +$20 million to -$20 million to +$40 million and finally closing the trade with a $10 million loss.
Pepe Price Flashes Double Top Bearish Reversal Pattern
The 1-day PEPE/USDT chart shows the meme coin price peaking around $0.000028362 before going on a downtrend, slipping below key moving averages and testing support levels, forming a bottom at $0.000005257.
PEPE’s currently sitting at $0.00001392, down 5% on the day. The 50-day ($0.000009837) and 200-day ($0.00001318) simple moving averages (SMA) are trending below the price, which is a good vibe for the bulls.
The PEPE price has just entered a potential consolidation zone between $0.000012444 (support) and $0.000015406 (resistance). If PEPE can’t hold that $0.000012444 level, it may end up completing a double top bearish reversal pattern that could send it sliding further down to $0.000009311 (0.786 Fibonacci retracement level), which marks a 31.56% drop from here.
PEPEUSDT Analysis Source: Tradingview
Bearish Indicators Loom, But A Breakout Could Spark 30% Rally
On the flip side, the relative strength index (RSI) at 57.96 is showing neutral momentum, so there’s no crazy oversold or overbought signal yet. The moving average convergence divergence (MACD) indicator, however, is bearish, hinting that more downward pressure is imminent unless buyers step in.
If PEPE can break above the $0.000015406 resistance and flip it into support, we might see a bounce toward $0.00002019, a 31.51% pump from here, or even $0.00002169 if the bulls go full degen mode.
In the short term, PEPE’s looking shaky. Wynn’s exit and the bearish indicators might keep the price suppressed. But if Bitcoin pumps and drags the market up, PEPE could catch a wave.
For now, investors should watch that $0.000012444 support level keenly. If it breaks, it’s time to lay off some bags. If it holds, we might just see a comeback.
MIND Of Pepe Amasses $10.3 Million In Presale – Only 6 Days Left
As the Pepe price signals bearish intervention, investors continue to snap up a new PEPE rival called MIND of Pepe (MIND).
With its presale surpassing $10.3 million and just 6 days left before it hits exchanges, this AI-driven meme coin is sparking serious FOMO buying.
MIND is a crypto project that blends the viral charm of Pepe the Frog with a cutting-edge AI agent that gives investors an edge in the wild world of crypto trading.
Its star feature is a self-evolving AI agent that’s already live on X. It acts as a 24/7 crypto detective, scanning social media, blockchain data, and market trends to spot opportunities before they go mainstream.
🔥 $MIND + X integration 🔥
Get all of the latest crypto news without ever having to leave the terminal. $MIND isn’t just a token it’s a new world. 👁️ pic.twitter.com/dZXocMGcDl
— MIND of Pepe (@MINDofPepe) May 23, 2025
From tracking whale movements to analyzing sentiment on social media, the AI delivers exclusive insights to MIND holders through a token-gated platform called the MIND Terminal. It even has the power to launch its tokens based on emerging trends, giving investors a first-mover advantage.
In addition, presale buyers can stake their tokens for a 224% annual return, with rewards distributed over three years. The earlier you stake, the higher the returns, as the rate adjusts dynamically. Over 1.56 billion MIND tokens are already staked.
An analyst on the popular crypto YouTube channel 99Bitcoins, which has over 724K subscribers, predicts that the MIND token could surge 100X after its launch.
With just 6 days left, you can grab MIND tokens for $0.0037515 apiece before the presale ends. You can buy using ETH, USDT, BNB, or a bank card.
Visit MIND of Pepe to learn more.
Related Articles:
- Best AI Crypto To Watch for Decentralised Autonomous Agent
- Top Trending Cryptos on Arbitrum Chain – Opulous, Pear, Xai
- BONK Surges 9% But Experts Recommend This Solana Layer-2
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
