Deep Dive
1. Exchange Suspension (Bearish Impact)
Overview: Toobit suspended APEPE deposits, trading, and withdrawals on 2 September 2025 at the project team’s request, citing no clear reason or timeline for resumption. This freeze removed a key liquidity channel, as APEPE’s 24h volume fell 18.45% to $17.3M.
What this means: Reduced exchange access limits buying pressure and amplifies sell-side volatility. The lack of transparency around the suspension fuels speculation about project instability. Meme coins like APEPE rely heavily on trading activity, making liquidity shocks disproportionately damaging.
What to look out for: Toobit’s next update or resumption of APEPE trading.
2. Circulating Supply Concerns (Mixed Impact)
Overview: On 6 August 2025, APEPE’s team requested a circulating supply audit on CoinMarketCap. Current data shows 37.8T tokens circulating (18% of 210T total supply), but unverified metrics risk eroding trust.
What this means: While supply audits can improve credibility long-term, the timing aligns with APEPE’s 60-day -49.42% drop. Traders may interpret the request as damage control, fearing hidden inflation risks.
3. Technical Retracement (Neutral Impact)
Overview: APEPE’s price hit a weekly high of $0.0000019968 before retracing to $0.00000135. The pivot point ($0.0000013919) now acts as resistance, while the 7-day SMA ($0.00000121) provides near-term support.
What this means: The 48% weekly rally likely triggered profit-taking, compounded by RSI14 (54.67) cooling from overbought territory. Sustained closes below the pivot could signal further downside toward the 38.2% Fibonacci retracement ($0.0000014747).
Conclusion
APEPE’s drop reflects profit-taking after a volatile rally, compounded by liquidity constraints from the Toobit freeze and lingering supply concerns. While technicals suggest a neutral near-term outlook, exchange accessibility remains critical for meme-driven assets.
Key watch: Will APEPE’s team clarify the Toobit suspension rationale, or will fading momentum extend the correction?