PEPE Takes a 5% Hit—Yet Crypto Whales Keep Gobbling Up Tokens. Time to Dive In?

While retail traders panic-sell over a minor dip, blockchain sleuths spot whale wallets loading up on PEPE at discount prices. The memecoin’s 24-hour trading volume just spiked 30%—classic ’buy the rumor’ behavior before the next hype cycle.

Key moves: Three anonymous wallets snatched 2.3 trillion PEPE ($1.7M) during the dip, according to Etherscan. Meanwhile, Binance’s order book shows bid walls thickening at $0.000007—a psychological support level that’s held since March.

Proceed with caution: This could either be smart money front-running the next meme rally... or yet another ’greater fool’ setup before the inevitable rug pull. After all, what’s crypto without a few bagholders funding yacht season?

PEPE Dips Slightly – But Whales Are Still Accumulating. Should You Follow?

PEPE’s recent gains followed from the purchase of just over 600 billion PEPE by five separate wallets on April 15, when the coin had a price of around $0.0000070.

5 wallets spent $4.28M to buy 611B $PEPE in the past 8 hours.

All 5 wallets withdrew $ETH from #Tornado ~15 days ago—possibly linked to a hacker.

Are hackers buying $PEPE?

Address:
0x5D058264e34e27eE1b4f852216Dc4AFC7c320e25
0x53abA3F792d6c8097a7169C8916B1C3f7975f5ed… pic.twitter.com/8yUdFsUBVA

Since then, the meme token has been on an upwards trend, although there have been no significant whale buys in the past week or so.

Yet if we look at PEPE’s one-day chart, we see that it still remains at the beginning of a medium-term uptrend.

For example, its 30-day average (orange) has only recently begun rising towards the 200-day (blue), and it won’t be until it’s well above the longer term average that PEPE’s price is due to correct more strongly.

We also see that the token’s RSI (purple) is climbing towards to 70, after spending a couple of months below 50, in a very oversold area.

As such, PEPE should recover in the next few days, rising in step with a wider market that has also been in too much of an oversold position.

Other positive indicators include the fact that PEPE’s funding rate has been in strongly positive territory for the past couple of days, another sign of returning buying pressure.

And given that the coin does have a history of volatile rallies, some analysts are predicting that it could rally tenfold during the next bull phase.

My cycle top price prediction for $PEPE is 0.00009400

This would equate to a market cap of approx $40,869,565,240 ($40.8bn)

Currently a 10.7x from here.

Bookmark it.

We could therefore see the PEPE price reach $0.000010 at some point next month, before returning to $0.000020 by Q4.

New Meme Coins Could Outperform Major Tokens

However, for anyone unsure as to whether PEPE can recapture some of its former glory, there are newer alternatives that may have the potential to outstrip the market in the next few months.

Some of these are presale coins, which in the right circumstances can rally hard when they list for the first time, especially if they’ve had a successful sale.

One of the newest and most interesting presale coins right now is Fantasy Pepe (FEPE), an ERC-20 token that launched its presale only a few days ago.

And it’s yet another penalty awarded against Chillguy! pic.twitter.com/8toUxe4NIV

It has already raised more than $200,000, with the coin’s interesting fundamentals quickly drawing in investors.

What’s interesting about Fantasy Pepe is that it’s launching a platform where users can participate in prediction markets covering AI-generated football matches, which will feature crypto-related meme characters.

Users who predict correctly will win rewards in FEPE, which they will also be able to stake for passive returns.

Other features include the ability to vote on which fictional meme-based teams take part in the platform’s virtual league, while matches will be complemented with radio-style commentary.

This should make for an immersive experience, with traders able to join FEPE’s presale by going to the Fantasy Pepe website.

FEPE currently costs $0.0003, but this will rise many times before the sale ends, so investors should move quickly.