Is the PEPE Whale Exodus Beginning? Meme Coin Teeters on Critical Support

PEPE’s price hovers at a make-or-break level—while on-chain data hints at early-stage whale dumping. Are retail traders about to be left holding the bag?

Critical support under pressure

The meme coin’s latest retest of its key demand zone comes amid fading trading volume and weakening social sentiment. No bullish reversal patterns in sight—just a slow bleed and suspiciously large sell orders.

Whale wallets on the move

Blockchain sleuths spot fresh deposits to exchanges from previously dormant addresses. Classic ‘smart money’ behavior before a capitulation event. Meanwhile, the usual influencer cheerleading reaches deafening levels.

Finance never changes

Whether it’s 1987’s stock crash or 2025’s meme coin casino, the playbook stays identical: whales exit first, narratives turn after. Bonus cynicism: at least this time the greater fools are consenting adults.

Source: TradingView (PEPE/USDT)

Whale distribution emerges as PEPE tests structural limits

In fact, whale activity is already flashing early warning signs.

SpotOnChain tracked a key MOVE where a whale deposited 595.2 billion PEPE, worth $6.52 million, into Binance. It secured a $1.57 million profit (+32%) after riding the last accumulation cycle.

More critically, the whale’s cost basis at $0.00000832 seemed to reinforce AMBCrypto’s thesis – Short-term whales are rotating out as price momentum stalls NEAR local highs. 

This isn’t random profit-taking. Instead, it’s calculated, coming right as Pepe struggles to reclaim its range highs.

However, the catch is – The position isn’t fully closed. 104.4 billion PEPE worth $1.15 million remains in another wallet, holding $320k in unrealized gains. In turn, putting PEPE’s $0.000010 support under pressure. 

The coming sessions are pivotal. A confirmed lower low below this level could trigger whale rotation, not out of panic, but to preserve tightening margins.

Therefore, chart vigilance is critical. This is where smart money decides whether to hold or hit the exits.