Key Highlights
- Whale Activity: A crypto whale accumulated 2 trillion PEPE ($17.42M) from Binance, signaling strong bullish interest.
- Technical Breakthrough: PEPE broke the 23.60% Fibonacci level ($0.00000823), forming a bullish engulfing candle and morning star pattern.
- Market Momentum: Open interest surged 6.6% to $434M, with short liquidations hitting $1.45M in 24 hours.
PEPE’s price surged 10% today, trading at $0.00000869, fueled by memecoin sector recovery and strategic whale accumulation.
Whale Activity Accelerates PEPE Rally
A single whale withdrew 1.5 trillion PEPE ($4.36M)** from Binance on April 30, followed by another **500 billion PEPE** today, totaling **2 trillion PEPE ($17.42M) held. This accumulation suggests confidence in PEPE’s upward trajectory.
"This whale just bought 500B PEPE ($4.36M) again and currently holds 2T PEPE ($17.42M)."
— Lookonchain (@lookonchain)
Key Takeaways:
- Whale holdings now exceed $17M.
- Open interest rose to $434M, indicating heightened trader engagement.
Technical Analysis: Bullish Signals Dominate
Chart Patterns
- Morning Star & Bullish Engulfing: Confirmed reversal signals.
- Cup and Handle Formation: Suggests a target of $0.000001465 (61.80% Fibonacci level).
Indicators
- Supertrend: Confirmed uptrend above $0.0000075.
- MACD: Impending bullish crossover.
Critical Levels:
- Resistance: $0.0000090 (neckline breakout).
- Support: $0.0000075 (pullback risk if neckline holds).
👉 Explore real-time PEPE price trends
Market Context: Memecoins in the Green
PEPE’s rally aligns with 5–10% gains across peers like DOGE and SHIB. Liquidations hit $1.57M (92% shorts), reflecting momentum shifts.
Why It Matters:
- Whale moves often precede sustained rallies.
- Technical breaks validate bullish sentiment.
FAQs
1. What caused PEPE’s 10% surge?
Combination of whale accumulation, technical breakouts, and sector-wide memecoin recovery.
2. How high can PEPE go?
A cup-and-handle breakout could target $0.000001465 (61.80% Fib level).
3. What’s the risk level?
Failure to break $0.0000090** may trigger a pullback to **$0.0000075.
4. Are whales still buying?
Yes—a single entity holds 2T PEPE ($17.42M) as of May 8, 2025.
👉 Track PEPE whale transactions
Disclaimer: This analysis is for informational purposes only. Verify data independently and consult a financial advisor before investing.