How Does On-Chain Data Analysis Reveal PEPE's Market Trends in 2025?

Active addresses decline to under 3,000 daily

The decline in PEPE’s daily active addresses to under 3,000 in 2025 signals a significant shift in network engagement and investor sentiment. This drop represents a substantial decrease from previous levels, indicating reduced user activity and potentially waning interest in the meme coin. To put this into perspective, let’s compare PEPE’s active addresses with its historical data:

This dramatic reduction in daily active addresses correlates with bearish market signals and suggests potential downside risks for PEPE. The decrease in network activity often precedes or accompanies price drops, as it indicates lower trading volumes and reduced investor interest. Furthermore, the shrinking whale holdings reported alongside this decline in active addresses paints a concerning picture for PEPE’s market performance. As large investors reduce their positions, it may trigger a cascade effect, leading to further selling pressure and price volatility. Consequently, this on-chain data serves as a crucial indicator for traders and investors, potentially influencing their decisions and impacting PEPE’s speculative value in the broader cryptocurrency market.

Potential 15% price downside risk based on technical analysis

Recent technical analysis suggests that PEPE could face a potential 15% downside risk in the near future. This projection is based on several key factors, including declining trading volumes and on-chain activity. The daily active addresses for PEPE have dropped significantly, falling below 3,000, which indicates waning interest from users. Additionally, the Open Interest for PEPE derivatives has declined by 8% over a 24-hour period, reaching $556.95 million. This decrease, coupled with negative funding rates, signals sell-side dominance in the market.

Further evidence of weakness can be seen in the following data:

The decline in large wallet investors from 41,506 to 41,058 over a short period suggests that significant holders are reducing their positions. Moreover, the price chart indicates that PEPE could test the $0.00000900 support zone, marked by a green band on the daily chart. The possibility of a death cross looms as the declining 50-day and 100-day Exponential Moving Averages (EMAs) approach the 200-day EMA, potentially triggering further selling pressure.

Top 100 PEPE addresses on Ethereum increased holdings by 0.2%

In the ever-evolving cryptocurrency landscape, the behavior of large holders, often referred to as “whales,” can provide valuable insights into market sentiment and potential price movements. Recent data reveals an intriguing development in the PEPE token ecosystem on the Ethereum blockchain. The top 100 PEPE addresses have incrementally increased their holdings by 0.2%, signaling a subtle yet noteworthy shift in accumulation patterns.

This marginal increase comes amidst a backdrop of broader market fluctuations and varying trends across different cryptocurrencies. To put this into perspective, let’s compare PEPE’s performance with other major cryptocurrencies:

Despite PEPE experiencing significant short-term declines, the slight increase in whale holdings suggests a degree of confidence among large investors. This accumulation, albeit small, occurs against a backdrop of PEPE’s price dropping from its all-time high of $0.00002835 to its current price of $0.000007125.

The divergence between PEPE’s price action and the behavior of its top holders presents an interesting dynamic. While the general market sentiment appears bearish, as evidenced by the negative price trends, the actions of these influential addresses might indicate a contrarian view or strategic positioning for potential future gains.

Whale buys 600.88 billion PEPE tokens for $497 million

On October 10, 2025, a significant event occurred in the cryptocurrency market as a whale investor made a substantial purchase of PEPE tokens. The transaction involved the acquisition of 600.88 billion PEPE tokens for a total of $4.97 million, not $497 million as initially reported. This large-scale buy had an immediate impact on the market, triggering a bearish sentiment among traders and investors.

The transaction details can be summarized as follows:

This purchase represented a significant portion of PEPE’s total supply, which stands at 420,690,000,000,000 tokens. The whale’s investment showcased continued interest in meme coins, despite market volatility. However, the broader market reaction was surprisingly negative. Data from Coinalyze revealed that in the 24 hours following the whale’s purchase, PEPE experienced higher sell volume (25.19 trillion) compared to buy volume (24.84 trillion), indicating increased selling pressure.

The market’s bearish response to this large buy order suggests complex dynamics at play. Investors may have interpreted the whale’s move as a potential pump-and-dump scheme, leading to increased caution. Alternatively, the transaction might have triggered profit-taking among existing holders. The event underscores the unpredictable nature of cryptocurrency markets, where large transactions can sometimes lead to counterintuitive market movements.