Cryptocurrency Pepe witnesses a local low at $0.000010 following Arthur Hayes' $13 million sell-off
In the past 24 hours, the PEPE token has experienced a 4% price decline, finding support at the psychologically significant $0.00001 level. This dip follows a five-day losing streak that saw the PEPE price plunge to $0.00001 on Saturday, shedding over 21% of its value.
The latest leg of the PEPE price dip can be attributed to a $13 million sell-off from Arthur Hayes, the co-founder of BitMex and a longtime Bitcoin maximalist. However, recent technical indicators suggest a short-term bullish outlook for the token.
The MACD line is currently below the signal line, indicating that PEPE is still within bearish territories, but selling pressure is declining. If PEPE maintains support at $0.000010, a rebound attempt toward $0.000012-0.000013 may occur. Resistance from the 20-day EMA is at $0.00001249.
The PEPE price is currently hovering at $0.00001024, just above the lower Bollinger Band. The near-term price trajectory of PEPE depends on whether current whale exits continue or if dip-hunting traders see $0.00001 as a strategic re-entry point.
The data for the transactions is from Lookonchain. In addition to selling PEPE tokens, Arthur Hayes also sold 2,373 ETH worth $8.32 million, 7.76 million ENA for $4.62M, and 38.86B PEPE tokens worth approximately $414.7K.
PEPE experienced notable volatility in 2025, with price fluctuations from roughly $0.00000089 in January to short-term highs of over $0.0000013 in the spring, followed by corrections and declines over summer. Following the sell-off, the token faced downward pressure but recently reversed this trend in early August 2025 with a strong two-day rally breaking through the $0.0000113 resistance level.
Technical indicators support a short-term bullish outlook: the exponential moving averages (EMAs) on multiple timeframes have aligned bullishly, Bollinger Bands are expanded to the upside, and momentum indicators like the MACD are showing bullish signals. Immediate resistance levels to watch are $0.0000132 and $0.0000135, while supports lie at around $0.000012. A sustained move above resistance could open doors to higher levels near $0.0000145 or $0.0000155.
The Fear & Greed Index remains in the “greed” zone (~67), indicating speculative buying interest despite the volatility. Longer-term forecasts for 2025 remain optimistic but tempered, with potential price ranges projecting a low around $0.000005 and highs up to $0.000035, contingent on factors like market momentum and community support. However, the lack of a solid roadmap means the token price could also see limitations in sustained growth.
In summary, the PEPE token has begun to regain momentum after the sell-off and recent price dips triggered partly by Arthur Hayes’ selling. Technical and sentiment indicators currently lean toward a cautiously bullish short-term outlook, though investors should remain aware of its inherent volatility and speculative nature typical of meme tokens.
The sell-off of PEPE tokens by Arthur Hayes, a significant figure in the finance world, may have contributed to the recent price dip. Despite the bearish MACD line and the PEPE price currently hovering just above the lower Bollinger Band, recent technical indicators suggest a short-term bullish outlook for the token.
