Whales Show Strong Confidence in PEPE Amid Market Downturn

Despite recent price struggles, PEPE, the popular meme coin, is witnessing significant accumulation by large investors, known as whales. On May 17, 2025, two massive withdrawals totaling 1.7996 trillion PEPE (valued at approximately $22.35 million) were recorded from major exchanges Binance and KuCoin. This activity suggests strong confidence in PEPE’s potential rebound, even as its price hovers around 0.00001407 USDT. Below is a detailed summary of these developments and their implications for the cryptocurrency market.

Whales Accumulate PEPE Amid Price Dip, Withdraw 1.8 Trillion Tokens from Binance

Despite a challenging week for PEPE, the meme coin is attracting significant whale activity. On May 17, 2025, crypto analyst The Data Nerd reported two large withdrawals totaling 1.7996 trillion PEPE (approximately $22.35 million) from Binance and KuCoin. A fresh wallet (0x6ea) moved 1.79 trillion tokens, followed by another address (0xaca) withdrawing 96.9 billion PEPE hours earlier.

The transactions suggest institutional players are accumulating Pepe at lower prices, potentially signaling renewed confidence in the asset. Such large-scale movements often precede volatility, as reduced exchange supply can amplify price swings during renewed demand.

PEPE Whale Activity Signals Potential Accumulation Phase Amid Price Dip

A dormant whale resurfaced after two years, transferring 1.79 trillion PEPE ($22.23M) from Binance to a new wallet. This aligns with a 147% spike in $100K-$1M transactions, suggesting strategic accumulation by large holders.

The NVT ratio and liquidation zones indicate short-term volatility, but the underlying bullish structure remains intact. Such whale activity often precedes rally phases, mirroring early-stage accumulation patterns seen in previous market cycles.

Dormant PEPE Whale Withdraws 2 Trillion Tokens From Binance, Igniting Market Interest

A previously inactive PEPE whale has sparked renewed attention in the meme coin market after withdrawing over 2 trillion tokens from Binance. Blockchain analytics firm Lookonchain reported two major transactions totaling $29 million within a 24-hour period.

The first withdrawal on May 17 saw 1.79 trillion PEPE ($22.23 million) moved to a new wallet. This was followed by an additional 420 billion PEPE ($5.39 million) transfer the next day. The substantial movements have significantly reduced Binance’s PEPE reserves while driving up trading activity and price volatility.

Market observers note such large-scale withdrawals from exchanges typically signal accumulation strategies, often preceding price movements. The timing coincides with growing speculative interest in meme coins as Bitcoin’s consolidation pushes traders toward higher-risk assets.