Frog-themed meme coin PEPE is making headlines as whale activity surges, with over 480 billion tokens acquired within just 24 hours.
This renewed interest from large investors has sparked speculation about a potential rebound for PEPE, especially following its recent listing on Binance Japan.
🚀 Binance Japanに新しいトークンが上場!🚀
— Binance Japan 🇯🇵 (@_BinanceJapan) January 9, 2025
本日より現物取引において新たにぺぺ(PEPE)を提供開始いたしました!
🎉 これでBinance Japanに上場されているトークンは57銘柄となります。
対象サービス
1️⃣ 暗号資産現物取引 – 販売所および取引所🏦
2️⃣ 自動購入(積立)💰
対応ネットワーク… pic.twitter.com/pPnAAXI7Lv
Two notable whales have made big moves. One whale, identified as “0x8f5,” withdrew 280 billion PEPE, valued at approximately $5 million, from Binance, while another, “0xb1a,” spent $3.72 million to purchase 200.4 billion tokens.
Despite previously losing $1.45 million on PEPE trades, this latter whale seems undeterred and has doubled down on the token, suggesting a sincere belief in its recovery potential.
Following this bullish accumulation, PEPE’s price has made some notable gains. It is currently trading at $0.00001832, up 6.37% in the last 24 hours.
The broader cryptocurrency market has also seen a sizable increase today. Bitcoin recently hovered around $99,000, with a gain of 2.89% in the past 24 hours.
This has influenced the performance of many altcoins, including Ethereum, which has also seen a 2.82% increase.
Whales Are Accumulating PEPE: What to Expect?
The recent surge in whale activity surrounding PEPE may indicate a strategic accumulation phase amid a broader market downturn.
Data from the on-chain analytics firm Spot On Chain reveals that these large investors are accumulating PEPE by capitalizing on lower price levels.
Whales are accumulating $PEPE!
— Spot On Chain (@spotonchain) January 13, 2025
1/ New whale “0x8f5” withdrew 280B $PEPE ($5M) from #Binance 4 hours ago. Additionally, the whale accumulated 47.4M $JASMY ($1.54M) a day ago.
2/ Whale “0xb1a” spent 3.72M $USDC to buy 200.4B $PEPE ~30 mins ago. However, this whale used to lose… pic.twitter.com/aTyZPl8Qqp
Technical analysis shows that PEPE is currently testing critical support levels around $0.00001716, which coincide with the upper boundary of a cup-and-handle pattern that formed between March and November 2024.
$PEPE (per request)
— Nebraskangooner (@Nebraskangooner) January 14, 2025
Sitting right at a key support but not instilling confidence in me.
Needs to reclaim some resistance higher for me to feel confident that a bottom is in. pic.twitter.com/AE92yzt4qC
Analysts predict that this pattern suggests that if PEPE can maintain its position above this support level, it may soon gain upward momentum.
However, caution should remain. A head-and-shoulders pattern has also emerged, with a neckline at $0.00001713, indicating potential downside risks if this level is breached.
Market sentiment remains mixed; while some analysts express optimism about PEPE’s potential to flip Shiba Inu (SHIB) based on bullish technical setups and strong whale interest, others urge caution until clearer resistance levels are reclaimed.
Easily one of the most bullish HTF charts in crypto$PEPE looks ready to absolutely send to new all time highs and FAR beyond
— Jameson (@jamesonxbt) January 14, 2025
Bullish chart setup + ETH pending outperformance = Perfect storm for PEPE to absolutely SEND
Only a matter of time before it rips
PEPE flipping SHIB… pic.twitter.com/Qe3BRwBAs4
PEPE’s current market capitalization is approximately $7.7 billion, slowly approaching SHIB’s valuation.
Can PEPE Keep This Momentum?
PEPE’s technical outlook presents opportunities and challenges because of the current volatility in the broader market.
In the past few weeks, PEPE has made multiple attempts to break below the support level without success, which has created an accumulation opportunity for whales.
On the other hand, it can also be said that whales may be stepping in to support the price at these levels to prevent a further dip.
$PEPE: King of Memes is showing relatively great strength
— Altcoin hunter (@Altcoin1hunter) January 15, 2025
Significant accumulation with whales buying.
Low unit bias working for it.
Cleanest chart out there, don’t miss out pic.twitter.com/Fy9yPjnBwf
However, the presence of conflicting signals complicates the outlook for traders.
The head-and-shoulders pattern has bearish implications if the price falls below key support levels, particularly around $0.00001713.
If this occurs, traders may anticipate further declines toward psychological support at $0.000010.
In light of recent whale purchases, analysts predict that if positive sentiment returns to the broader cryptocurrency market, potentially driven by the Donald Trump effect or significant developments within Ethereum, PEPE could see substantial upward movement in 2025.
Wall Street Pepe Presale Nears $50M: Is This the Next PEPE?
As PEPE gains attention due to its whale-driven activities, another up-and-coming project gaining traction is Wall Street Pepe ($WEPE), often referred to as the “Jordan Belfort of crypto.”
In less than two weeks of its presale launch, Wall Street Pepe raised an impressive $30 million, which has now increased to $48 million. It is undoubtedly one of the top contenders in the memecoin space for outsized gains so far in 2025.
The core utility of $WEPE lies in its commitment to community-driven growth and financial empowerment.
Unlike traditional meme coins that often rely solely on social media buzz, Wall Street Pepe combines the cultural appeal of the iconic Pepe the Frog meme with practical trading tools designed to level the playing field for everyday traders.
$WEPE holders will gain exclusive access to a suite of features, including trading signals, insider strategies, and membership in the WEPE Army. In this community forum, members can share insights, discuss strategies, and collaborate on trading decisions.
Staking is another notable aspect of Wall Street Pepe’s ecosystem. Token holders can stake their $WEPE tokens to earn passive income through staking rewards, currently offering an annual percentage yield (APY) of 26%.
Following the presale phase, Wall Street Pepe plans to launch on decentralized exchanges (DEXs), enabling broader investor access.
Investing in Wall Street Pepe now offers early adopters a unique opportunity to secure their position in what could become one of the most influential meme coins of the year.
Its presale price is currently set at $0.00036648. Potential investors are encouraged to act swiftly before this opportunity passes, especially as listings on major exchanges are looming.