PEPE (Pepe) up 16.50% in the past 24 hours

Gate News Bot Message, January 14th, according to CoinMarketCap data, as of press time, PEPE (Pepe) is currently trading at $0.0000067047, up 16.50% in the past 24 hours, with a high of $0.00000703 and a low of $0.0000057061. The 24-hour trading volume reached $906 million. The current market cap is approximately $2.821 billion, an increase of $399 million from yesterday. Ranked 35th globally.

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PEPE adopts an ultra-large supply mechanism, with a total supply of 420.69 trillion tokens. The token features zero tax, liquidity tokens have been burned, and the smart contract ownership has been permanently relinquished, reflecting full decentralization.

Important recent news about PEPE:

1️⃣ On-chain large holders’ long positions have significantly shrunk, signaling risk release

Recently, on-chain whales have increased their liquidation efforts. Renowned trader James Wynn closed a 10x leveraged PEPE long position again on January 12, cutting the position from $2.45 million a week ago to about $240,000, a reduction of over 90%. The weekly loss 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 shifted to long ETH. Additionally, the largest PEPE long on-chain previously closed a $13.86 million 6-day position on January 9, realizing a profit of $963,000. This indicates a clear reduction in long positions and risk aversion among large holders, with some bullish sentiment easing.

2️⃣ High-leverage longs are frequently liquidated, indicating market adjustment pressure

Between January 7 and January 12, multiple high-leverage PEPE long positions were liquidated. James Wynn experienced 12 liquidations on January 8, with his positions repeatedly halved; both his ETH and PEPE long positions were partially liquidated. Meanwhile, the largest PEPE short on-chain used 3x leverage to short 12.46 million PEPE, with an unrealized loss of $133,000. This divergence between longs and shorts reflects significant chip pressure in the $0.0000062 to $0.0000072 range, an area that previously formed a supply concentration zone in November 2025.

3️⃣ After a short-term rally, the market entered a high-volatility correction phase

PEPE surged over 80% from January 1 to January 4, but since January 5, the rally has slowed significantly, with nearly 18% retracement. In the short term, the price once dropped back to $0.00000588, indicating that after rapid gains, the market is reassessing pace and risk. From a technical perspective, the daily chart remains bullish, with the A/D indicator showing significant fund inflow in early January. However, bulls have not effectively stabilized above $0.0000062, which has become a short-term resistance level. On the hourly chart, a local supply zone around $0.0000060 has formed, limiting the rebound space. During the same period, DOGE declined over 7% weekly, Bitcoin moved sideways near $90,000, and overall market risk appetite has become more cautious, with meme coins cooling off significantly.

This message is not investment advice; please be aware of market volatility risks.