Key Takeaways:
- Cumberland accumulated 386.45 billion PEPE tokens worth $3.45 million, signaling bullish positioning amid a broader market downturn.
- PEPE is testing critical support at $0.00000761, a level that previously triggered a 112% rally in May 2025.
- Liquidation zones between $0.00000867 and $0.00000930 could drive sharp volatility and determine PEPE’s next major move.
Crypto trading giant Cumberland has been aggressively accumulating Pepe (PEPE) tokens despite the meme coin’s recent price weakness. According to on-chain data from The Data Nerd, Cumberland acquired 386.45 billion PEPE worth approximately $3.45 million across major exchanges Bybit, OKX, and Coinsquare.
2 hour ago, #Cumberland withdrew totally 386.45B $PEPE (~$3.45M) from #Bybit and #OKX.
— The Data Nerd (@OnchainDataNerd) June 23, 2025
Address:https://t.co/u27pkm5rPH pic.twitter.com/mxYb0qnMyB
Strategic Accumulation Amid Market Downtrend
The most significant inflows included 247.83 billion PEPE from OKX valued at $2.22 million, and 138.6 billion PEPE from Bybit worth $1.24 million. These large movements followed a smaller 88.53 billion PEPE outflow from the same wallet, suggesting a deliberate rebalancing or over-the-counter (OTC) positioning by Cumberland.
Smaller outbound transactions to FalconX and other wallets indicate liquidity redistribution rather than outright selling — a move that helps mitigate concerns over near-term sell pressure.
PEPE Testing Critical Support Levels
Currently, PEPE’s price action remains bearish, having broken below its recent downward-trending channel. The token is approaching a vital horizontal support at $0.00000761, a level that sparked a 112% rally in May 2025.
Technically, the MACD indicator shows a bearish crossover, reinforcing downside momentum. However, if this key support holds, a reversal remains possible. In contrast, failure to maintain this level could see the coin fall towards $0.00000705–$0.00000740.
Liquidation Zones Could Drive Volatility
PEPE’s liquidation heatmap reveals dense clusters between $0.00000867–$0.00000930 — key areas where traders have previously been stopped out or liquidated. A decisive move above $0.0000093 could trigger a short squeeze, while a break below $0.0000082 risks reigniting the downtrend.
Also Read: Pepe Price Prediction: Can PEPE Hold $0.00001000 Support?
Cumberland’s synchronized accumulation during market weakness signals potential smart money positioning for a rebound. PEPE’s next major move will depend on whether support at $0.00000761 holds — a level traders should watch closely.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
