Pepe Coin (PEPE) Market Buzzes With Massive Whale Action, Is This the Start of a Big Rally?

The crypto market has recently been abuzz with a massive action by one Pepe Coin (PEPE), one of the most popular meme coins at the moment

Jakarta, pintu news – Recently, the crypto market has been buzzing with a massive action by one Pepe Coin (PEPE) whale, who predictably stacked 500 billion tokens from Binance.

With technical analysis showing bullish indications, many are wondering if this is the start of a big rally for Pepe Coin.

Whale Pepe Coin Stacks 500 Billion Tokens From Binance

Pepe Coin (PEPE), one of the most popular meme coins at the moment, has caught the market’s attention again after massive accumulation by whales.

Based on on-chain data from Lookonchain, a whale withdrew 500 billion PEPE worth more than Rp71.6 billion ($4.3 million) from Binance to a newly created personal wallet.

Read also: Bitcoin Dips to $86K—But Massive 6,000 BTC Withdrawal Could Signal What’s Coming Next

A newly created wallet just withdrew 500B $PEPE($4.3M) from #Binance.https://t.co/1FKuNmFEdB pic.twitter.com/kL2Wj6M88j

This action was seen as a strategic move rather than a short-term trade, fueling speculation about a potential aggressive price rally in the near future.

Although the price of PEPE dropped 2% in the last 24 hours (27/3) and is trading at around IDR0.14 ($0.0000085), the token has recorded a 13% gain over the past week.

Market analysts think that increased buying pressure and reduced supply on the bourse could be the fuel for the next bull run.

PEPE Positive Technical Signals: Fibonnaci Breakout and Target

$PEPE Will Outperform Every Memecoin In 2025. pic.twitter.com/ZZqbXng8tb

Technical analysis reveals that PEPE has just made a breakout from a falling wedge pattern on the daily chart—a classic signal that often signals a reversal towards an uptrend.

Although the current price is still held back by the dynamic resistance line at the 50-day EMA, four consecutive bullish candles show that buying pressure is building strength.

Popular technical analyst Charting Guy estimates that PEPE is now eyeing the 2.618 Fibonacci extension level, which technically targets prices down to $0.00012 ($1.98).

dare i say $PEPE can still go to the 2.618? 🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸 https://t.co/5Lm8GsWNFk pic.twitter.com/t74A780F0y

If this level is reached, it would mean an increase of more than 1,300% from the current price, making PEPE a strong candidate to become the new star of the meme coin sector this year.

Early Investors Return, Whales Multiply

It wasn’t just one whale that was active. The wallet account of qianbaidu.eth, an early PEPE investor who once made a profit of Rp121 billion, also returned to the market.

He withdrew 506.2 billion PEPE from Binance and now holds nearly 700 billion tokens with a floating profit of around Rp2.7 billion.

Read also: Dump These 3 Crypto Before March Ends—Before It’s Too Late!

qianbaidu.eth, an early $PEPE buyer who once booked a $7.34M profit (+110%), withdrew 506.2B $PEPE($4.4M) from #Binance ~10 hours ago!Now, the whale holds 699.8B $PEPE($5.11M), with a floating profit of $164K (+2.8%).Follow @spotonchain and track the whale’s two active… pic.twitter.com/8NRljYTIBs

Data from Spot On Chain shows that since the beginning of March, the amount of PEPE held by wallets with balances between 1-10 trillion tokens increased from 131.81 trillion to 152.01 trillion.

This surge indicates the great confidence of whales in PEPE’s long-term prospects.

Coin Memes Rise Again: GameStop & Retail Sentiment are the Triggers

PEPE’s rise also goes hand in hand with the rise of the meme coin market as a whole. The market capitalization of this segment increased by IDR 198 trillion ($12 billion) in the last two weeks, triggered by the news of Bitcoin’s purchase by the legendary retail company GameStop.

This condition reminds the public of the GameStop “short squeeze” phenomenon in 2021 which made GME shares rise by more than 1,