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PEPE memecoin drops 12% amid selling of $2.84M rewards; PENGU may follow PEPE's rally pattern.

Technical Signals
24 Sep 2026
AMBCrypto
View Source
Neutral
PEPE memecoin drops 12% amid selling of $2.84M rewards; PENGU may follow PEPE's rally pattern.

PEPE memecoin lost 12% of its market value in 24 hours due to selling pressure from $2.84 million in rewards distributed via StonkFun. This correction follows a strong 10-day surge, with technical indicators showing a pullback phase. Meanwhile, PENGU memecoin is showing price action similar to PEPE's early rally, suggesting a potential major surge if the crypto market remains bullish. Investors should watch for PEPE's support at $0.0000030 and possible rebound to $0.0000050 or higher.

Despite the reported 12% drop in PEPE's market value, on Pluang PEPE is trading slightly up by 0.37% at Rp0.0785 with a market cap of Rp32.84 trillion. PENGU shows a contrasting trend with a 1.57% decline, priced at Rp172 and a market cap of Rp10.94 trillion. These figures are current as of Sep 25, 2026 10:11 WIB.

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