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PEPE has twice run into $0.00000500 on the daily chart, in September and again in October 2026, and neither attempt ended in a decisive breakout, Coinpedia reported on October 27. The token has still been rising along an upward trendline traced from its July 2026 low near $0.00000224, so buyers have not abandoned the move.
The same report cites figures attributed to Arkham and relayed by Wu Blockchain: wallets labeled or tentatively tied to Justin Sun hold roughly $51.25 million in PEPE, equal to 2.82% of total supply. That concentration sits alongside the chart setup as a second unknown for traders trying to read the next move.
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Key facts
- PEPE’s July 2026 low was near $0.00000224, and price has held a rising trendline since.
- The $0.00000500 level was tested in September and in October without a decisive breakout.
- Coinpedia lists $0.00000727 and then $0.00001026 as potential resistance zones above a clean break.
- Arkham-attributed data puts Sun-linked wallets at about $51.25 million in PEPE, or 2.82% of supply.
- Two Poloniex transfers on October 17 and 26 reportedly totaled $48.76 million, while Sun-labeled wallets sent roughly $77 million in stablecoins to Poloniex between October 15 and 25.
What the chart is actually testing
The bullish case rests on a single condition: the rising trendline keeps holding. It is now approaching the 200-day exponential moving average, a region Coinpedia calls an important technical checkpoint. That confluence matters because a trendline that has survived since July has not yet been asked to defend itself against a long-term average.
If support gives way, the reference point is the July low around $0.00000224. Coinpedia notes a deeper slide could even set a new all-time low, while conceding the chart alone cannot confirm that. On the other side, a sustained move through $0.00000500 brings $0.00000727 and $0.00001026 into view, though the report is explicit that these are potential resistance zones and not promised year-end destinations.
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Why the whale figures cut both ways
Large holdings linked to a single figure are usually read as risk, but the transfer data is not one-directional. The two Poloniex transfers on October 17 and 26 totaling $48.76 million sit beside roughly $77 million in stablecoins moved from Sun-labeled wallets to Poloniex between October 15 and 25. Stablecoins arriving on an exchange can precede buying as easily as selling, and PEPE moving onto an exchange can precede either.
What the reported figures do not establish is intent. Coinpedia is direct about this: the holdings add uncertainty but say nothing about whether those tokens will be sold or accumulated further. For readers, that means treating the 2.82% supply figure as a known unknown rather than a directional signal.
Why it matters
Meme coins like PEPE trade largely on positioning and liquidity rather than cash flows, so a level that has rejected price twice carries outsized weight for anyone using charts to time entries. A wallet cluster equal to 2.82% of supply is large enough that a decision to distribute would meet thinner bids than usual, while a decision to hold or add would remove a persistent overhang.
What to watch
The two measurable checkpoints are whether the rising trendline holds as it meets the 200-day EMA, and whether any further Poloniex transfers from the Sun-labeled wallets appear. A daily close above $0.00000500, or a break of the trendline, would settle the question the report leaves open.
This is not financial advice, and crypto markets are volatile and unpredictable; price levels cited here are analytical reference points, not forecasts.
Source: Coinpedia
