PEPE Whales Accumulate Aggressively: Could This Push Prices to $0.00001?

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Pepe (PEPE), the popular memecoin, is showing signs of renewed whale interest as large holders accumulate billions of tokens despite stagnant price action. This growing on-chain activity could signal a brewing price breakout if buying momentum continues to rise.

Whales Stack Up: Over 9 Trillion PEPE Tokens Acquired

Whales have stepped up their game in the PEPE market. One notable wallet holding assets worth $147 million recently withdrew 1.5 trillion PEPE tokens valued at $13.3 million, according to on-chain analytics platform Lookonchain.

However, this transaction wasn’t isolated. Across the broader PEPE market, whale activity has surged dramatically. Over the past 24 hours, large holders accumulated a massive 9 trillion PEPE tokens, significantly higher than the 3.25 trillion acquired the previous day.

This sharp uptick in whale accumulation indicates growing confidence among large investors, who appear to be positioning themselves ahead of a potential price rally.

Large Holder Netflows Flash Bullish Signal

Supporting this narrative, PEPE has now recorded six straight days of positive Large Holder Netflows, a strong bullish on-chain indicator. Since April 24, whale wallets have consistently purchased more tokens than they’ve sold.

As of now, Netflow data shows a positive 285.9 billion tokens, reinforcing the idea that whales are not only active, but aggressive in their strategy.

Historically, sustained accumulation by large holders often precedes a breakout, as whales typically build positions ahead of bullish price moves.

Retail Traders Join the Party

Interestingly, retail investors seem to be backing the whales. Over the past five days, PEPE’s Spot Netflow has remained negative, currently standing at -$218K. This metric indicates that more tokens are being withdrawn from exchanges than deposited, a sign of strong buying pressure.

When tokens flow out of exchanges, it typically means users are holding their positions in anticipation of higher prices, reducing available supply and supporting potential price growth.

Can This Momentum Trigger a Breakout?

Despite bullish signals from whales and retail holders alike, PEPE has yet to break through its current range. The memecoin has remained locked between $0.0000085 and $0.0000092, with resistance near $0.0000098 capping recent attempts at upward movement.

Since peaking at $0.0000098 four days ago, PEPE has retraced slightly, but the sustained demand from whales may be fueling a setup for a major breakout. If buying pressure remains strong and buyers manage to overcome short-term selling resistance, PEPE could target $0.0000098 once again, with an extended push toward the $0.000010 level.

However, if this tug-of-war between buyers and sellers continues unresolved, the memecoin may remain range-bound. Prolonged consolidation could test investor patience, potentially triggering a decline to $0.0000084 if sentiment weakens.

Final Thoughts: Will Whale Confidence Pay Off?

PEPE’s recent whale activity sends a strong signal, large investors believe in the token’s upside potential. With retail buying pressure aligning and on-chain metrics turning bullish, the ingredients for a breakout are coming together.

Still, without a clear move past resistance, traders should monitor volume and price reaction closely. If bulls take control, PEPE could finally cross the highly anticipated $0.00001 threshold in the near term.