PEPE Crashed to 8-Month Low Amid Market Meltdown

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.

Whales Dumped Ahead of the Drop

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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Trump Tariffs Trigger Panic Across Markets

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 , 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.