I'm seeing PEPE dropping quite a bit in the last few hours, about 12% even, but what catches my attention is the trading volume, which is way too high for such a drop. Yesterday, it hit 580 million in trading, up almost 27%, while the price was falling. Like that movement that leaves us confused, right?

The token is oscillating between 0.053796 as support below and 0.05438 as resistance above. These two levels are holding the movement pretty well for now. The crowd is focused on this narrow range, testing the bottom but not able to break through downward for real.

The market cap is around 1.57 billion, practically stable despite this decline. What intrigues me is exactly that: high volume up, price falling, market cap steady. It seems more like a technical liquidation than something structural. If it holds at the support, it could be an interesting opportunity for those looking to enter.