Pepe Coin Whale Bags 500M Tokens; PEPE Price Breakout Ahead?

A Pepe Coin whale stirred up the crypto market this Thursday, primarily by acquiring a whopping 500 million frog-themed tokens. On-chain data indicated that the whale created a new wallet to hog tokens from Binance. As a result, broader market sentiments revolving around PEPE price prospects reflect considerable bullishness. Notably, the frog-themed meme coin is already up above 10% over the past week.

Pepe Coin Whale Stacks 500B Tokens From Binance

As per the latest data from Lookonchain on X, a newly created wallet withdrew 500 billion PEPE tokens from Binance. The massive accumulation promptly ignited an optimistic buzz across the market, reflecting large-scale investors’ confidence in the crypto asset.

Notably, the Pepe Coin whale accumulation brings bullish support to price, aligning with token scarcity on CEXs and rising buying pressure. In turn, market participants anticipate remarkable price gains for the meme coin ahead.

Investors are already scratching their heads as PEPE price outperformed Bitcoin (BTC) over the past week. Intriguingly, the broader meme coin sector as a whole witnessed remarkable gains. Now, with the enormous Pepe Coin whale accumulation weighing in, traders are witnessing an optimistic upshot regarding future movements.

PEPE Price Performance: What’s Happening?

Despite the massive accumulation, PEPE price cracked slightly over 2% intraday, reaching $0.000008531. The meme coin even hit a low of $0.000008429 over the past day. Nevertheless, the weekly chart revealed that the price is currently on a rally, up 13% in just 7 days.

Bull Run Ahead?

Simultaneously, renowned market trader ‘JakeGagain’ revealed on X that PEPE’s bottom is now over. The 2025 bear market, which was short-lived, slammed the meme coin’s market cap to a $2.1 billion low. Nevertheless, the token subsequently recovered, reaching a market cap of $3.59 billion at the time of reporting.

Citing this resilience, the analyst says that the frog-themed coin will be one of the best performers of the 2025 bull cycle. With the price completing its bottom, a parabolic run lies in the pipeline, per the analyst.

While this prediction echoed an optimistic market buzz, another analyst joined the fray. Market expert ‘Charting Guy’ revealed that Pepe Coin eyes Fibonacci levels at 2.618. This prediction highlights the chances of a potential $0.00012 price target for the meme coin ahead.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.