$PEPE : The Hacker Is Done Selling — Is the Frog Done Waiting?
Binance Square's most-searched memecoin is coiling under resistance again. This time, the biggest forced seller is finally out of tokens.
📊 Snapshot (Binance, 1 Nov)
Price: $0.00000487 | 24h: -2.8%
24h range: $0.0000048 – $0.0000051
Market cap: $2.1B | Volume: $1B | Rank: #40
✅ The facts
• The Binance hacker wallet has finished liquidating its ~7.77T PEPE (~$31.66M, swapped into ETH). The seller that capped every bounce is gone (on-chain trackers; single-source chain, not independently confirmed).
• Right after the dump ended, legendary early trader dimethyltryptamine.eth bought 45.08B (~$206.5K). He turned $251 into 5.9T PEPE in 2023 and still holds ~$10.2M of it.
• PEPE is outrunning its rivals: +13.8% in 7 days, while DOGE and SHIB fell ~5–7% last week. Its $2.1B cap is closing on SHIB's ~$2.8B.
• Canary Capital's spot
$PEPE ETF filing is still live at the SEC — unapproved, but the "first memecoin ETF" headline is one decision away.
• Chart: price holds above the 20/50/200-day EMAs ($0.00000453 / $0.00000423 / $0.00000371), daily RSI 58, inside an ascending channel running since August.
🎲 My probability read (estimates from the technicals — NOT a guarantee)
• Breakout, daily close above $0.0000057: ~35%
• Range continues, $0.0000046–$0.0000055: ~35%
• Breakdown, daily close below $0.0000045: ~30%
If it moves, the uptrend gives upside the edge: UP ~55% / DOWN ~45%. Why not higher? This zone has rejected price 4 times, leverage is crowded (~$365M open interest), and
$BTC still trades below its own averages into the Nov 3 midterms.
🎯 Plan (spot, tiny size)
Dip: $0.0000045–$0.0000046, near the 20-day EMA.
Breakout: daily close above $0.0000057 only.
Stop: daily close below $0.0000044.
Targets: $0.0000060 → $0.0000070.
Max 1–2% of capital. No leverage on a memecoin. Confidence: Medium-Low.
Not financial advice. DYOR.
#PEPE #Memecoins #Altcoins