The Pepe (PEPE) market witnessed a massive shake-up as three whale wallets—0x7A7D, 0x9212, and 0x7779—scooped up a combined 689.79 billion PEPE tokens, worth $4.3 million. The purchases were reportedly funded through TornadoCash, a privacy-focused protocol, adding a layer of intrigue to the transactions.
Whale Buys Signal Bullish Momentum
Leading the charge, wallet 0x7A7D made the largest purchase, acquiring 437.7 billion PEPE for $2.72 million (1,413.4 WETH). Wallet 0x9212 followed with a $1 million buy for 158.58 billion PEPE, while wallet 0x7779 secured 93.51 billion PEPE for $574,000. Such massive buy-ins suggest growing confidence in PEPE’s potential, reinforcing a bullish sentiment across the market.
Price Action and Market Impact
Following the whale accumulation, PEPE’s price rebounded, closing at $0.00000597, a 4.74% gain on the daily chart. The TD Sequential indicator flashed a buy signal, strengthening the argument for a potential reversal. The memecoin’s low at $0.00000525 hinted at price exhaustion, adding weight to the bullish thesis.
If bullish momentum sustains, PEPE could climb to $0.00000620, with a breakout resistance between $0.00000640 and $0.00000660. However, failure to maintain momentum may lead to consolidation between $0.00000540 and $0.00000580. A breakdown below $0.00000525 could negate the bullish signal, driving PEPE lower to $0.00000495.
Whale Transactions and Volume Trends
Despite the recent whale activity, PEPE’s large transactions have remained relatively flat since February 2025. The trade volume, fluctuating between 400 and 600 transactions, recently fell to 278 on March 11, signaling lower activity. The 7-day high of 304 trades remains modest, while the 7-day low of 122 suggests a slowdown.
For PEPE to sustain its uptrend, an increase in whale transactions is crucial. A rise above 200 trades could propel the price past $0.0000060, while a decline could limit its upside, potentially dragging it down to $0.0000068 or lower.
Also Read: Pepe Coin (PEPE) Skyrockets 7% as Whales Accumulate $4.3M – Is a Surge Incoming?
PEPE’s latest whale-driven rally has ignited investor optimism. However, sustained momentum and increasing trade volumes are key to maintaining its bullish trajectory. Traders should watch whale activity closely, as their moves could dictate the memecoin’s next breakout—or breakdown.
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.
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