Pepe Unchained (PEPU) traded near $0.0006531 on July 3, showing a 67% drop in the past month. The token fell from above $0.0020 in early June to below $0.0007. Over the last seven days, PEPU lost another 19% while daily trading volume stayed low.
Bearish Trend Shows No Break
The 1-day chart shows a steady downtrend with lower highs and lower lows. PEPU trades under all key exponential moving averages (EMA). The 20-day EMA sits near $0.0006822, with the EMA 50, 100, and 200 higher.
The PEPU price has failed to close above any of these averages. A break above the EMA 20 is the first signal needed for trend reversal. So far, that has not happened.
Daily trading volume for PEPU stood near $724,000 on July 3, down about 13% in 24 hours. Its volume-to-market cap ratio is near 7%, which remains below healthy levels for a meme coin. A strong ratio often stays above 10% for reliable liquidity.
No significant volume spike followed the minor 3% daily bounce. This limits the chance of a sustained rebound as buyers stay stuck below resistance.
Support at $0.0006 Remains Fragile
The short-term support level near $0.0006 has stopped further losses so far. On July 3, PEPU bounced from around $0.0005959 to $0.0006531. If buyers hold this floor and push above the EMA 20 near $0.00068, the next upside target is $0.00075–$0.00085.
If $0.0006 breaks with higher sell volume, the next visible support zone sits closer to $0.00045. The broader trend remains bearish unless daily candles close above the EMA 20 and new volume sustains the breakout.
The daily Relative Strength Index (RSI) sits around 36. An RSI under 30 often signals a token is oversold and can force a short squeeze. An RSI near 36 shows weak momentum but not a clear reversal yet.
Whale Wallets Hold Nearly Half the PEPU Supply
On-chain data confirms PEPU’s total supply sits at 16 billion tokens — all fully in circulation. Etherscan shows about 64,687 holders with nearly 98,648 total transfers.
There is no hidden supply unlock risk. However, Pepe Unchained posts explain that PEPU staking rewards come from a treasury that is already unlocked. This means staking payouts add more tokens back into circulation. With no active burn plan, these rewards create more selling pressure when holders claim them.
New holder data shows high concentration among top wallets. The largest wallet holds about 31% of all PEPU. The next two largest wallets hold another 11% and 6%, bringing the top three to around 48% combined.
One wallet alone holds over five billion PEPU. If any of these large holders decide to sell, the daily trading volume of about $724,000 would not be enough to absorb it without heavy price impact. This concentration is a clear risk for the support level near $0.0006.
Pepe Unchained posts mention that the community may vote to burn tokens in the future. However, there is no active burn event or confirmed timeline. There is also no roadmap for new exchange listings or added project utility.
For many meme tokens, community hype or burn events help offset supply. Without either, PEPU relies only on new buyers to absorb liquidity. Current trading volumes do not show signs of strong new demand.
PEPU Buyers Need Volume to Break Resistance
PEPU must hold the $0.0006 support and break above the EMA 20 level near $0.00068 to confirm any short-term bounce. Indeed, a stronger recovery would need daily trading volume to rise above $1 million and stay steady.
Moreover, with whale wallets holding nearly half the supply, any large sell-off could break support quickly. If $0.0006 fails, the next possible support sits near $0.00045.
As of now, Pepe Unchained stays in a weak trend with low volume, high holder concentration, no active burn plan, and no confirmed new catalyst. This keeps buyers trapped under strong resistance while risk remains for more downside.
