- A whale has fueled bullish sentiment after a massive 500 billion PEPE token accumulation, with analysts predicting a potential price surge
- Despite recent market volatility, analysts suggest Pepe (PEPE) could be poised for significant gains in the upcoming cryptocurrency cycle, driven by rising investor confidence and a reduced crypto exchange supply.
Today saw a whale stir of excitement in the cryptocurrency market, especially in the PEPE community. Notably, an anonymous whale bought a staggering 500 billion PEPE coins currently worth a whooping $3.9M. This has raised questions about the token’s future trajectory despite its recent poor price trajectory.
Data from Lookonchain brought this development to light indicating that the whale created a fresh wallet to accumulate this PEPE tokens directly from Binance, the world largest crypto exchange by trading volume. This fueled speculations of an upcoming price surge.
A newly created wallet just withdrew 500B $PEPE($4.3M) from #Binance.https://t.co/1FKuNmFEdB pic.twitter.com/kL2Wj6M88j
— Lookonchain (@lookonchain) March 27, 2025
Notably, PEPE’s current price has noticed more than 7% in the past week, outperforming many established cryptocurrencies including the prime crypto, Bitcoin.
As earlier mentioned, Lookonchain’s latest report on the X platform indicates that the newly created wallet withdrew 500 billion PEPE from Binance. This massive accumulation has definately attracted massive attention within the crypto community especially PEPE investors. More times than not, a large scale accumulation often signals confidence in the asset’s potential.
In the recent past, the meme coin sector has experienced a significant rally. Impressively PEPE has led the charge with its recent price performance outwitting major players like Bitcoin. This perhaps has led to the massive accumulation rooted from high expectations among traders and analysts alike.
PEPE Coin Price Performance
Despite the large scale accumulation of PEPE coins, PEPE has traded in the red zone in the past 24 hours. The digital asset is, at the time of writing, swapping hands with $0.000007871 down by a noble 8.43%. However, the broader trend remains bullish, as PEPE is up by 7.94% over the past week, indicating strong buying interest.
Bull Run on the Horizon?
Renowned crypto trader JakeGagain took to the X platform to express his confidence in PEPE’s potential. According to him, the short-lived 2025 bear market had previously drawn PEPE’s market cap down to $2.1 billion.
However, the token has rebounded strongly, currently boasting a market cap of $3.31 billion. Given its recent market performance, JakeGagain believes PEPE is poised to be a top-performing asset in the upcoming bull cycle.
Highly optimistic, the trader believes that PEPE has already hit its bottom and is now preparing for a strong rally.
Adding to the bullish sentiment, another analyst, Charting Guy, shared an even more ambitious prediction. He highlighted that PEPE is currently targeting Fibonacci levels at 2.618, which could propel its price to $0.00012.
If this projection holds, it would mark a significant leap from its current market valuation, further solidifying PEPE’s position as a major player in the meme coin market.