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PEPE token drops 12% amid reward distribution concerns after recent rally

Market News
24 Sep 2026
Tokenpost
View Source
Bearish
PEPE token drops 12% amid reward distribution concerns after recent rally

PEPE token fell 12% in 24 hours as of Sept. 24, despite a 27% gain over the past week. The drop coincides with concerns about potential selling pressure from StonkFun's FEELSGOOD token rewards, which distribute PEPE tokens to holders. Although $2.84 million in reward selling was claimed, data showed only about $983,800 worth of PEPE distributed to FEELSGOOD holders. Technical levels suggest support around $0.0000044 to $0.0000047, with a breakout above $0.00000534 indicating renewed momentum, while a drop below support could weaken the recent gains.

Following the recent drop in PEPE token, it trades slightly up by 0.37% on Pluang as of Sep 25, 2026 10:11 WIB, priced at Rp0,0785. The market cap stands at Rp32,84 trillion with a 24-hour trading volume of Rp7,11 trillion. Pluang users show balanced interest with 48% selling and 52% buying, holding the token typically for 55 days.

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