A Pepe Coin Whale Stirred Up the Crypto Market This Thursday, Acquiring 500M Tokens

On-chain data indicated that the whale created a new wallet to hog tokens from Binance. As a result, broader market sentiments revolving around PEPE price prospects reflect considerable bullishness.

A Pepe Coin whale has been busy today, gobbling up a massive amount of tokens and sparking chatter across the crypto market.

Pepe Coin Whale Fills New Wallet With 500B Tokens From Binance

According to on-chain data from Lookonchain on X, a newly created wallet has withdrawn 500 billion PEPE tokens from Binance. The huge accumulation has brought a wave of optimism to the market, showcasing large-scale investors’ interest in the crypto asset.

The Pepe Coin whale activity also brings bullish support to price, which aligns with token scarcity on CEXs and rising buying pressure. In turn, market participants are anticipating remarkable price gains for the meme coin.

Indeed, investors are scratching their heads as PEPE price outperformed Bitcoin (BTC) over the past week. Intriguingly, the broader meme coin sector as a whole witnessed remarkable gains. Now, with the enormous accumulation weighing in, traders are witnessing an optimistic upshot regarding future movements.

However, despite the massive accumulation, PEPE price cracked slightly over 2% intraday, to reach $0.000008531. The meme coin even hit a low of $0.000008429 over the past 24 hours.

Still, the weekly chart revealed that the price is currently on a rally, up 13% over the past seven days.

Is A PEPE Price Breakout Coming?

Meanwhile, renowned market trader ‘JakeGagain’ revealed on X that PEPE’s bottom is now over. The 2025 bear market, which was short-lived, slammed the meme coin’s market cap to a $2.1 billion low. However, the token subsequently recovered, reaching a market cap of $3.59 billion at the time of reporting.

Citing this resilience, the analyst says that the frog-themed coin will be one of the best performers of the 2025 bull cycle. With the price completing its bottom, a parabolic run lies in the pipeline, per the analyst.

While this prediction brought a wave of optimism, another analyst joined the fray.

Market expert ‘Charting Guy’ revealed that Pepe Coin eyes Fibonacci levels at 2.618. This prediction highlights the chances of a potential $0.00012 price target for the meme coin.