Pepe Coin Price Soars 6%, A Profit-Booking Selloff Ahead?

The Pepe Coin price surged nearly 6% today prompting speculations over profit-taking amid market recovery and bullish sentiment, raising concerns among investors.
By Rupam Roy
Updated May 28, 2025
Pepe Coin whale PEPE price

Highlights

  • Pepe Coin's 6% price surge sparks speculation on potential profit-taking amid market recovery.
  • The majority of Pepe Coin holders are currently in profit, signaling optimism among investors.
  • Pepe Coin's price movement and market sentiment are closely monitored amid potential profit-booking concerns.

Pepe Coin, the quirky frog-themed meme cryptocurrency, has once again captured the attention of crypto enthusiasts as its price surged by a remarkable 6% today. Notably, this resurgence comes amid a broader market recovery following a recent downturn that saw many cryptocurrencies in the red.

However, while Pepe Coin’s rally has left the majority of holders in profit, concerns linger over the potential for profit-taking in the near future.

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Pepe Coin Rally Sparks Concerns Over Profit-Booking Selloff

As the cryptocurrency market shows signs of bouncing back from recent losses, Pepe Coin stands out with its impressive price surge. Notably, the Pepe Coin, along with the broader meme coin sector has noted significant gains over the past few months, suggesting an increasing confidence of the investors towards the segment.

However, the recent market downturn has wiped off the gains from the majority of the meme coins, including Pepe Coin. But despite the slump, the recent surge in Pepe Coin price seems to have bolstered the confidence of the investors.

Meanwhile, data from IntoTheBlock reveals that a substantial 69% of Pepe Coin holders are currently in profit, signaling optimism among investors. However, with only 27% of holders remaining in the red and 4% in the neutral zone, the question arises: will profit-taking lead to a sell-off in the coming days?

Notably, profit-booking is a common phenomenon in volatile markets, where investors capitalize on price gains by selling their holdings. Given that, the recent surge in Pepe Coin price prompts speculation among PEPE holders about booking profits amid market uncertainty. In other words, concerns arise over whether holders will capitalize on the rally or maintain their positions, reflecting cautious sentiment in the crypto community.

Also Read: US Senators Unveil New Bill Banning Algorithmic Stablecoins

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Price Movement & Market Sentiment

While the Pepe Coin rally has sparked speculations, it seems to have also bolstered the confidence of the investors, especially the meme coin enthusiasts. According to CoinGlass data, Pepe Coin’s Open Interest (OI) saw a significant uptick of 7.53% to $42.94 million, reflecting a bullish market sentiment.

On the other hand, the frog-themed meme coin has witnessed a liquidation of around $2.01 million in the last 24 hours, CoinGalss data showed.

However, the potential for profit-booking could introduce volatility, influencing Pepe Coin’s future price trajectory. Considering that, the market participants should closely monitor the market dynamics to gauge whether the current rally is sustainable or if a correction is imminent.

As of writing, the Pepe Coin price was up 5.84% to $0.00000524, while its one-day trading volume fell 17.09% to $679.79 million. Notably, the meme coin has touched a high of $0.000005535 and a low of $0.000004885 in the last 24 hours. Besides, the PEPE Coin RSI was around 39, suggesting that the crypto is currently hovering at the neutral zone.

Pepe Coin Price Chart
Pepe Coin Price Chart

Also Read: Telegram Founder Holds Millions In Bitcoin & Fiat, Here’s Why

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Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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