Three PEPE Whale Wallets Have Purchased a Combined 689.79 Billion PEPE Tokens Worth $4.3 Million

Three major PEPE whale wallets have purchased a combined 689.79 billion PEPE tokens worth $4.3 million through TornadoCash

Three major PEPE whale wallets have used TornadoCash to purchase a combined 689.79 billion PEPE tokens, valued at $4.3 million, as technical indicators hint at a possible price recovery for the renowned meme cryptocurrency.

The largest buy came from wallet 0x7A7D, which filled an order for 437.7 billion PEPE at $0.000006198 for 1,413.4 WETH.

Another large buy was executed by wallet 0x9212, which bought 158.58 billion PEPE at $0.0000052 for 826.98 WETH.

A third substantial buy came from wallet 0x7779, which acquired 93.51 billion PEPE at $0.0000051 for 479.4 WETH.

These significant buys highlight the growing confidence in PEPE’s market outlook. When whales make such moves, they typically reduce the circulating supply, which can exert upward pressure on the token’s price.

Technical Signals Point to Trend Reversal

The timing of these buys coincides with technical signals suggesting a potential trend reversal in PEPE’s market.

The TD Sequential indicator has triggered a buy signal on PEPE’s daily chart, a factor that many traders follow closely for reversal indications.

The latest candle closed at $0.00000597, marking a 4.74% increase. This price move adds weight to the bullish case forming in the market.

The recent low of $0.0525 might represent price exhaustion, suggesting the downward pressure could be ending. This factor, combined with the buy signal, strengthens the case for a potential trend reversal.

If buyers continue to enter the market, PEPE could rise to target $0.000620 in the short term. A breakout above this level might push prices toward the $0.00000640-$0.00000660 range.

However, traders should watch for possible rejection at these levels. If rejected, PEPE might consolidate between $0.0540 and $0.0580 before making another move.

The PEPE/ETH chart also shows interesting developments. Analysts have noted that PEPE is gaining strength against Ethereum despite ETH’s downward trend, indicating price decoupling.

This divergence suggests investors may be rotating funds out of larger cryptocurrencies and into meme coins like PEPE in search of better short-term returns.

One analyst identified a “massive daily bullish divergence” on the PEPE/ETH chart. This technical pattern occurs when price moves opposite to an oscillator, often signaling a coming trend change.

PEPE/ETH $PEPE versus $ETH is breaking out.

a 50% plus move is imminent.

Massive daily bullish divergence.pic.twitter.com/3ZqpyLWunk

— XBTGengar 😈👾🔮 (@XBTGengar) March 12, 2025

Based on this breakout pattern, the analyst predicts PEPE could see an increase of over 50%. Current momentum appears to support this bullish outlook.

Transaction volume will be key to sustaining any upward movement. Large PEPE transactions have been relatively flat since February 2025, ranging between 400-600 trades before dropping to 278 on March 11.

The recent seven-day high of 304 large transactions still represents low activity compared to previous periods. For PEPE to move consistently above $0.00000060, increased whale activity would likely be needed.

At the time of writing, PEPE is trading at $0.000007230, showing an increase of 15.85% in the past 24 hours. Trading volume has surpassed $1 billion, showing a 13.41% rise, indicating growing market interest.

The meme coin is currently the top performer among the top 100 cryptocurrencies by market value. This performance comes amid broader volatility in the cryptocurrency market.

A breakdown below the recent low of $0.00000525 would likely negate the buy signal. In that scenario, further selling could push PEPE toward $0.00000495 or lower.