PEPE 24-hour increase of 16.50% behind the scenes: big investors are collectively reducing their positions, signaling clear risk.

PEPE has increased by 16.50% in the past 24 hours, currently trading at $0.0000067047, reaching a high of $0.00000703. The 24-hour trading volume reached $906 million, and the market capitalization increased to $2.821 billion. However, beneath the impressive gains, on-chain large holders are quietly reducing their positions to hedge risks, and bullish sentiment is noticeably loosening. This contrast warrants attention.

Risk signals from large holders reducing positions

Whales increasing their liquidation pressure

According to the latest news, several large on-chain holders have recently shown clear signs of reducing their positions to hedge risks. Renowned trader James Wynn closed a 10x leveraged PEPE long position again on January 12, with holdings dropping sharply from $2.45 million a week ago to about $240,000, a reduction of over 90%. The cumulative weekly loss from this liquidation has reached $640,000.

Meanwhile, the “former largest PEPE long” (address starting with 0x7271) has closed its PEPE long position, realizing a loss of $314,500, and turned to go long on ETH. Additionally, the largest PEPE long on-chain previously closed a $13.86 million 6-day position on January 9 to take profits, earning $963,000.

These data reflect a clear trend: the largest holders with the most positions and the greatest influence are actively reducing their holdings rather than increasing them.

High leverage liquidations occurring frequently

Between January 7 and January 12, multiple high-leverage PEPE long positions were liquidated. James Wynn experienced 12 liquidations on January 8 alone, with his holdings repeatedly halved. These frequent liquidation events indicate significant selling pressure in the $0.0000062 to $0.0000072 range.

It is worth noting that this zone previously formed a supply concentration area in November 2025, implying it contains a large amount of historical trapped and profit-taking orders, which can act as resistance.

Technical outlook faces adjustment pressure

Retracement in gains is evident

After a cumulative increase of over 80% from January 1 to January 4, PEPE’s rally has significantly slowed. Since January 5, the price has retraced nearly 18%, dropping to $0.00000588 at one point. This indicates that after a rapid surge, the market is reassessing its pace and risks.

Key resistance levels

From a technical perspective, the daily chart still maintains a bullish structure, but bulls have not been able to effectively hold above $0.0000062. This level has shifted from support to a short-term resistance. On the hourly chart, a local supply zone has formed near $0.0000060, further limiting the rebound potential.

Market risk appetite turning cautious

Meanwhile, data shows that overall meme coin sector activity has cooled significantly. DOGE has fallen over 7% in the week, Bitcoin is consolidating around $90,000, and the overall market risk appetite is becoming more cautious. Under this macro environment, PEPE faces increased short-term correction pressure.

Key points to watch moving forward

According to the latest news, Binance will launch a PEPE/USD1 spot trading pair on January 13. This could provide new liquidity support for PEPE, but it is also important to observe whether the new trading pair can attract additional capital inflows.

Traders generally believe that two key directions should be monitored: first, whether the price can break through $0.0000072 to confirm the trend; second, whether it retraces to the demand zone of $0.0000044-$0.0000050 to find new support.

Summary

PEPE’s 24-hour increase looks impressive on the surface, but behind it are collective reductions by large holders and loosening bullish sentiment. On-chain whale liquidations, frequent high-leverage liquidations, and obvious technical resistance are clear risk signals. Although Binance’s new trading pair may offer some momentum, the short-term correction pressure remains amid cautious market risk appetite. The key to future movement lies in whether it can break above $0.0000072 or find support in the $0.0000044-$0.0000050 zone. Investors should closely monitor the performance at these critical levels.