PEPE's price fell to a 25-day low of $0.00001 on August 2, 2025, following a major sell-off by Arthur Hayes, co-founder of BitMex. Hayes offloaded $13 million worth of tokens, including 38.86 billion PEPE tokens valued at approximately $414,700, triggering a 4% decline in PEPE's price within 24 hours. Despite the sell-off, PEPE's price showed signs of stabilization, hovering above the lower Bollinger Band at $0.00001024. The market's future trajectory hinges on whether whale investors continue selling or if traders view the current price as a re-entry point. Meanwhile, Bitcoin's consolidation above $113,000 offers some market stability, but PEPE remains susceptible to further declines if heavy selling persists.