Pepe Coin experienced a steep decline of 7.4% in the past 24 hours, fueled by significant sell-offs from large investors (whales). These sales reduced holdings to 610 billion tokens, down from over 1 trillion earlier in the day, reflecting a shift in market sentiment. Crypto analyst CryptoElites predicts a rebound, pointing to historical support levels that have historically triggered price rallies. They anticipate Pepe Coin reaching up to $0.00039 if buyers step in and defend key support points. This prediction comes as long positions worth over $6 million were liquidated within 24 hours, adding pressure on the token’s price decline. The wider crypto market weakness also contributed to selling pressure and intensified the drop. Data from IntoTheBlock shows that whale wallets have reduced their holdings of Pepe Coin in a single day, indicating a short-term trading approach where they buy during rebounds and sell during declines. 7.4% drop puts Pepe coin at $0.00001175 on August 15th, with further selling pressure as prices fell over the past 24 hours. The overall market trend weakened after the selloff triggered liquidations of long positions. While short-term outlook appears less promising with heavy selling and whale exit, analyst CryptoElites maintains optimism based on historical patterns of support level rallies. Long term, sustained buying near key levels is crucial for a potential surge toward $0.00039, according to the expert. This prediction requires further observation if buyers will step in to defend support against current pressure.