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Simon Chandler
Author
Simon Chandler
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Pepe has recovered by 5% today, with its bounce to $0.00000633 coming as the crypto market as a whole rises by 2% in the past 24 hours.
These modest gains come as Asian and European stock markets reverse some of the steep losses they suffered in recent days, amid an escalation in the ensuing tariff war between the United States and the rest of the world.
PEPE remains down by 19% in a week and by 4% in the past month, with the meme coin also suffering a 77% drop since reaching a record high of $0.00002803 in December.
And while it has managed to soften some of the blows of the past few days, a recent sale of 196 billion PEPE suggests that it may be a while before it enjoys a sustained recovery.
Is the PEPE Price Crash Just Beginning? Whale Dumps 196 Billion PEPE Tokens
Prior to last week’s tariff announcement, whales had actually been accumulating PEPE in fairly significant numbers, including two withdrawals of around 500 billion PEPE apiece from Binance.
Yet President Donald Trump’s confirmation of tariffs on Wednesday seems to have reversed any bullishness, with Friday witnessing the sale of just over 196 billion PEPE by one whale.
What’s interesting is that PEPE had actually been rising on that day, suggesting that the whale in question had wanted to take profits while they still could.
And since rising to $0.00000734 early on Saturday April 5, the meme coin has lost 15% of its value, with its chart today suggesting that it could lose more before it fully recovers.
As we can see below, PEPE’s relative strength index (purple) is falling back towards 30 (or lower) after nearing 60 at the end of last month, a sign of ongoing weakness.
Its 30-day average (orange) also continues to slide further below the 200-day (blue), even though it has been below the latter for a couple of months now.
While such indicators would normally signal an imminent recovery, the current macroeconomic climate makes any rebound decidedly uncertain.
At the moment, the tariff war between the US and other countries seems more likely to ramp up than anything else, with President Trump threatening to impose an additional 50% tariff on Chinese goods in retaliation for the latter’s own retaliatory tariffs against the US.
Assuming that China and the US continue to escalate, PEPE could drop to $0.0000050 in the next couple of weeks.
But if they don’t, and if the US manages to agree compromises and/or deals with other nations, PEPE could return to $0.0000070.
New High-Potential Altcoins Could Help Weather a Bear Market
Stock indices entered bear market territory yesterday, meaning that many fell by 20% in relation to recent highs, something which the crypto market had already managed in recent weeks.
Traders wanting to avoid further losses may consider diversifying into newer tokens, which can often surge in spite of the overall market.
Some of the most promising tokens in the market right now are presale coins, which in the right conditions can rally when they list for the first time.
One interesting example of such a coin is MIND of Pepe (MIND), which has now raised $7.8 million in its increasingly popular sale.
The reason why investors have flocked to MIND of Pepe is that it’s in the process of launching an autonomous AI agent, which will have numerous exciting functions.
For one, it will process large quantities of market and social data to produce insights for traders, helping them to make more informed decisions.
It will also generate its own tokens, using its understanding of market trends to produce coins with the potential to go viral.
MIND of Pepe’s emergence comes at a time when interest in AI-based crypto projects remains very high, with the project now having over 20,000 followers on X, despite not even launching yet.
And within its ecosystem, MIND will pay for access to its market intelligence and insights, while it will also provide early investment opportunities in the platform’s generated coins.
MIND of Pepe’s sale won’t last for much longer, but new investors can join by going to its official website.
MIND currently costs $0.0036965, although this price will rise again in just under two days, so buyers should act quickly.
