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Despite persistent struggles on its price charts, the meme-inspired cryptocurrency Pepe [PEPE] is witnessing a significant surge in accumulation by large-scale investors, commonly known as whales. This aggressive buying spree suggests a growing confidence among these major holders, who appear to be betting on a potential future price rebound for the token.
Recent on-chain data from Lookonchain reveals substantial whale activity. Notably, one prominent PEPE whale, holding assets worth a staggering $147 million, withdrew 1.5 trillion PEPE tokens, valued at $13.3 million, in a single transaction. This significant move is not an isolated incident. Over the past day, the collective buying power of PEPE whales reached an impressive 9 trillion tokens, a substantial increase from the 3.25 trillion recorded the previous day.
A whale with $147M assets withdrew 1.5T $PEPE($13.3M) from #Binance 8 hours ago.https://t.co/vX6QB0nqCg pic.twitter.com/MurHtoiZDW
— Lookonchain (@lookonchain) April 30, 2025
Bullish On-Chain Signals Emerge as Whales Accumulate
This intensified accumulation by whales is often interpreted as a bullish signal within the cryptocurrency market. It indicates that large holders, possessing significant capital and often informed insights, are seizing the opportunity to increase their positions while the price remains relatively stagnant. Further reinforcing this positive outlook, PEPE has now recorded six consecutive days of positive Large Holder Netflows. This metric tracks the net movement of tokens into or out of addresses held by large investors, and a consistently positive figure signifies strong and sustained buying pressure from this influential group.
Since April 24th, PEPE whales have collectively purchased more tokens than they have sold, with the current Netflow standing at a robust 285.9 billion tokens. Historically, such periods of significant whale accumulation have often preceded upward price movements as these large players position themselves before anticipated gains.
Retail Interest Remains Strong Amid Price Consolidation
Interestingly, the bullish sentiment surrounding PEPE appears to extend beyond just the whale community. Data indicates that retail traders are also exhibiting strong buying pressure. PEPE’s Spot Netflow, which reflects the net movement of tokens on and off exchanges by all market participants, has remained negative for the past five days, currently sitting at -$218,000. A negative Spot Netflow suggests that more tokens are being withdrawn from exchanges than deposited, indicating strong buying demand as individuals move their holdings into private wallets, often with the expectation of price appreciation.
While this robust buying activity from both whales and retail investors has yet to translate into significant upward price movement for PEPE, which remains range-bound between $0.0000085 and $0.0000092, the growing demand is potentially laying the groundwork for a future breakout. If buyers can maintain this momentum and overcome selling pressure, PEPE could potentially target the $0.0000098 level and subsequently aim for $0.000010. Conversely, continued struggle against sellers could lead to prolonged consolidation, and if whales were to become impatient, a potential drop towards $0.0000084 could materialize.
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.
Also Read: Pepe Coin Price Soars After Breakout—Is It Time to Dump Ethereum for PEPE?
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.
