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PEPE, one of Ethereum’s most popular meme coins, crashed to $0.0000065, its lowest level since February 2024.
Author: Sahil Thakur
October 13, 2025 – PEPE crashed to $0.0000065, its lowest level since February 2024. The crash followed a sudden market-wide sell-off triggered by U.S. President Donald Trump’s 100% tariff announcement on China. Over $20 million in PEPE liquidations quickly followed, as fear spread through the crypto sector.
Leading up to the crash, PEPE whales reduced their holdings heavily. Between late September and October 11, they sold over 1.5 trillion tokens. Retail investors followed suit, dumping another 2 million tokens. Wallet data shows the total holdings dropped from 3.17 trillion to 1.67 trillion.
This selloff wasn’t random. Analysts pointed to two bearish patterns on the daily chart: a descending triangle and a large head-and-shoulders structure. When prices broke below the key neckline support, it opened the door for a sharper fall.
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On October 11, Trump announced massive tariffs on all Chinese imports, citing China’s rare earth export restrictions as a threat to U.S. industries. The announcement rattled global markets. It also sparked one of crypto’s worst liquidation events in history, with over $19 billion in leveraged positions wiped out. More than $500 billion in market cap vanished within hours.
Bitcoin dropped below $111,000, Ethereum sank to $3,700, and meme coins, including SHIB, DOGE, and PEPE tumbled in unison. But PEPE fared worse than many. Its thin liquidity and high leverage exposure left it vulnerable. As panic grew, the selloff deepened.
As of October 13, PEPE is hovering near $0.000007 after it crashed by 17%. That’s a small bounce from the lows but still down 17.6% from October 1. Trading volume has dropped 52% from its peak, showing that momentum has cooled. However, RSI levels have recovered from 28 (oversold) to 42 (neutral), hinting at possible consolidation.
On-chain data also suggests whales may be buying the dip. Holder numbers remain stable at around 400,000 wallets. Still, analysts warn of more volatility ahead. If Bitcoin slides toward $100,000, PEPE could test support at $0.0000058. On the other hand, if it reclaims $0.000009, it might spark a short-term rebound.
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