DATELINE: LONDON, June 22, 2026, 08:20 UTC
- PEPE is trading at about $0.00000284–$0.000003. Market trackers list its value between $1.18 billion–$1.19 billion and show 24-hour trading volume close to $100 million–$112 million.
- Narrow test this time: Cryptopolitan’s June model keeps a $0.000004 top, but other market models for the week are focusing on a tighter band around $0.00000284–$0.00000296.
- Information gain: A whale stack of 188.14 trillion PEPE is now valued near $534 million at spot prices, about 45% of CoinMarketCap’s current supply and almost 5x today’s 24-hour volume.
PEPE’s rebound has run out of steam. The meme coin sat near $0.00000284–$0.000003 Monday morning, mostly unchanged in the last 24 hours and stuck below the key short-term level at $0.00000284–$0.00000296. The move isn’t about anything PEPE-specific; the coin hasn’t broken out as the market failed to turn U.S.-Iran talks into a rally for meme tokens. PEPE is still trading about 90% under its December 2024 high. CoinMarketCap lists a $1.18 billion market cap and $112 million in volume over 24 hours, while CoinGecko has volume at $99.8 million.
US-Iran talks set 60-day roadmap; oil drops on supply hopes Reuters said Monday that US and Iranian officials ended Swiss talks by agreeing to a 60-day roadmap for a possible deal. Oil prices fell with supply worries easing. Sugandha Sachdeva, founder of SS WealthStreet, told Reuters the drop in oil was mainly about “improving prospects for a diplomatic breakthrough between the United States and Iran.” Reuters
PEPE hasn’t seen a breakout. The latest PEPE forecast from Cryptopolitan, out Monday, puts June’s range at $0.0000025 on the low side, with the average at $0.0000032 and a high end of $0.000004. With PEPE around $0.00000284, the high target means about 41% upside. Still, PEPE would have to shake loose from its narrow trading band to get there.
PEPE traded near $0.0000029, the openPR item packaged from Cryptopolitan said, and stayed below the $0.0000032 monthly average. The main point is clearer in today’s data: spot price remains under that level, so bulls don’t have confirmation.
Whale concentration, not the price forecast, sets the tone. CoinCentral pointed to Santiment numbers showing whale wallets hold 188.14 trillion PEPE while the token hit support. That pile is worth about $534 million at current spot levels. With CoinMarketCap’s circulating supply at 413.77 trillion PEPE, whales account for about 45% of all tokens. That stack is also about 5.35 times CoinGecko’s reported 24-hour volume. The read: for PEPE, “support” is less about the chart line and more a battle for liquidity between big holders and anyone entering or leaving at these levels. CoinCentral
Michelle DG at CoinCentral wrote the Canary Capital PEPE ETF filing “did not move the chart,” and said “the gap between that attention and actual recovery tells you where Pepe sits right now.” That read holds up into Monday. The ETF story is still getting attention, but spot price has yet to react like it’s a near-term demand event. CoinCentral
InteractiveCrypto took a sharper tone earlier. Joanna Newman said after PEPE’s peace-deal spike, “The fuel is spent,” citing the RSI drop from 61.85 down to 42.76 in under two days and a spot price trading under key moving averages. Today’s live numbers don’t exactly match, but the call holds: macro lifted PEPE for a while. It didn’t flip the trend. InteractiveCrypto
ETF talk is out there, but it’s just paperwork for now—no approval yet. The SEC filing for the Canary PEPE ETF states the trust would get exposure to the value of PEPE held in the trust, minus operating costs and liabilities. In that filing, PEPE was listed at $0.000003585 on April 8. The token now trades well under that price in the registration.
The risk is that PEPE’s strongest bullish read — the whales holding or accumulating a big supply chunk — isn’t always good news. When large holders soak up sells, prices can get a floor, but if they start selling into a bounce, downside gets worse. The SEC filing points out ownership for PEPE is tightly held, saying the top ten wallet addresses control about 41% of circulating supply as of April 2026. It also notes PEPE trading is highly speculative and warns of possible total loss. Still, PEPE trades on plenty of exchanges and sees almost $100 million–$112 million in daily volume, so there’s enough liquidity for any big move to count.
Psychology flipped from yesterday. There was some relief in the macro picture, oil prices eased, and the wider market rallied, but PEPE still didn’t get back to levels that would reset short-term models higher. U.S. Vice President JD Vance called the talks “always a little bit messy.” The PEPE chart is, too. Reuters
The next signal is clear. A daily close over $0.000002926–$0.00000296 would be the bulls’ first strong sign that the whale wall flips to support. If $0.00000284 fails, the focus shifts back to whether anyone is left to take on the supply. The ETF story is off the table. Now it’s about whether PEPE can show in live trading that $534 million in whale positions is a floor, not a cap.
