PEPE Whale Awakens, pulling over 2.21 trillion PEPE tokens worth $29 million from Binance, sparking a surge in market interest. On May 17, 2025, this major holder’s return after two years of dormancy ignited a rally in the memecoin market, driving price and trading volume higher. This article explores the whale’s actions and their impact on PEPE’s price.
Massive Withdrawals Fuel Market Buzz
PEPE Whale Awakens with a significant move, withdrawing 1.79 trillion PEPE tokens, valued at $22.23 million, from Binance to a newly created wallet on May 17, 2025. The following day, the investor pulled an additional 420 billion tokens, worth $5.39 million, totaling 2.21 trillion tokens in 24 hours. This activity reduced Binance’s PEPE token reserves by roughly 2%, signaling a deliberate accumulation strategy.
The transfers to self-custody wallets suggest confidence in PEPE’s price long-term, shifting from short-term trading to a buy-and-hold approach. Such moves by large holders often influence memecoin market sentiment, as retail investors react to reduced exchange supply. The whale’s actions align with a broader uptick in memecoin market activity, with trading volumes rising 12% in the past week.
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PEPE Price Surges Amid Whale Activity
PEPE Whale Awakens, coinciding with a 10% price surge in PEPE tokens to $0.00001345 within 24 hours, reflecting an 87.5% gain over the past month. The rally impacted derivatives markets, with short positions facing $2 million in liquidations and long traders incurring $907,000 in losses. Open interest in PEPE token futures jumped 15% to $500 million, the highest since January, indicating strong market engagement.
Technical indicators support bullish momentum. The Relative Strength Index (RSI) at 62 suggests PEPE’s price is nearing overbought territory but retains upward potential. A bullish MACD crossover further hints at continued growth. On-chain data shows a net outflow of 5.4 billion PEPE tokens from Binance, reducing selling pressure and reinforcing the whale’s accumulation narrative.
Implications for the Memecoin Market
PEPE Whale Awakens, reinforcing PEPE tokens as a leading asset in the volatile memecoin market. The whale’s moves have drawn parallels to other meme coins like Dogecoin and Shiba Inu, which saw 10% and 8% volume increases, respectively. However, traders remain cautious, as large withdrawals could precede sell-offs, potentially triggering volatility if the whale unloads tokens.
Online discussions highlight excitement over PEPE’s price surge, though some warn of risks tied to speculative fervor. The memecoin market’s correlation with Bitcoin’s stability at $67,000 provides a favorable backdrop, but traders are advised to monitor wallet activity for sudden shifts.
Conclusion
PEPE Whale Awakens, withdrawing 2.21 trillion PEPE tokens from Binance, driving a 10% price rally and heightened memecoin market interest. With reduced exchange supply and bullish technicals, PEPE’s price could see further gains, but volatility risks persist. This event underscores the influence of large holders in shaping memecoin market dynamics.
