Pepe price tumbles to a 25-day low at $0.00001 on Saturday, August 2, as prominent investor Arthur Hayes sparked market panic, offloading millions.
PEPE price plunged to $0.00001 on Saturday, shedding over 21% during a five-day losing streak. The latest leg of the PEPE price dip comes amid a $13 million sell-off from BitMex co-founder and longtime Bitcoin maximalist Arthur Hayes.
Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ
— Lookonchain (@lookonchain) August 2, 2025
Hayes sold 2,373 ETH worth $8.32 million, 7.76 million ENA for $4.62M, and 38.86B PEPE tokens worth approximately $414.7,000, according to on-chain data from Lookonchain.
The PEPE selloff was followed by an immediate 4% price decline in the last 24 hours, before finding support at the psychologically significant $0.00001 level at press time. Such major sell-offs from key opinion leaders and known long-term investors like Arthur Hayes often signal heightened market panic.
With everyone selling, Does this mean it’s over?
— Cryptofada (@cryptofada) August 2, 2025
However, with Bitcoin price still consolidating well above $113,000, double-digit corrections seen in top altcoins and memecoins like PEPE over the past week are likely attributed to traders booking profits, rather than a complete reversal of the bullish market cycle.
PEPE Price Forecast: Can Bulls Defend $0.000010 or Will Whales Force a Breakdown?
PEPE’s intraday price action on Saturday shows signs of market stabilization after shedding 21% in 5 consecutive losing days. The daily candle body has flattened, and trading volumes have thinned, a potential signal that the market is finding a balance and sellers becoming less aggressive.
As seen below, PEPE price is now hovering just above the lower Bollinger Band at $0.00001024, with resistance from the 20-day EMA looming at $0.00001249.
With the MACD line below the signal line, PEPE price is still firmly within bearish territories. However, the histogram bars are beginning to shrink, hinting at a decline in selling pressure.
If PEPE can maintain support at $0.000010 through the weekend, traders may see a rebound attempt toward $0.000012–0.000013, where the 20-day EMA and mid-Bollinger level converge. A breakout above this zone would open room for a retest of $0.00001450.
Conversely, if Arthur Hayes or other whale wallets resume heavy selling, the $0.000010 level could be breached, exposing PEPE to deeper support levels near $0.000009 or even $0.000008.
With Bitcoin’s consolidation above $110,000 anchoring the markets against more volatile headwinds, PEPE’s near-term price trajectory depends heavily on whether current whale exits continue or if savvy dip-hunting traders consider the $0.00001 a strategic re-entry point.
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