Whale Accumulates 2.21T PEPE: Bullish Signals for Long-Term Growth
A major Pepe whale has withdrawn a staggering 2.21 trillion PEPE tokens (worth ~$29.28M) from Binance in just 48 hours, including a single 420B PEPE ($5.39M) transaction. Such large-scale accumulations often indicate long-term holding strategies or preparations for significant market moves. With PEPE currently trading at $0.00001303, this whale activity could foreshadow upward price momentum as supply tightens.
Whale Withdraws 2.21T PEPE from Binance in 48 Hours: Big Accumulation Underway
A significant PEPE whale has made waves in the cryptocurrency market by withdrawing 2.21 trillion PEPE tokens, worth approximately $29.28 million, from Binance over the past 48 hours. The latest transaction involved 420 billion PEPE, valued at $5.39 million, signaling aggressive accumulation.
Large-scale withdrawals of this nature often suggest long-term holding strategies or potential market-moving positions. The memecoin’s recent activity has drawn attention to its liquidity and investor sentiment.
Pepe Whales Accumulate Amid Market Correction
Pepe (PEPE) whales are aggressively accumulating the meme coin despite a broader market downturn. LookOnChain reports one entity withdrew 420 billion PEPE ($5.39 million) from Binance on May 18, bringing total withdrawals to 2.21 trillion tokens ($29.28 million) over two days.
The frog-themed cryptocurrency has slipped 1.2% daily and 11.8% weekly, mirroring resistance across digital assets. Yet whale activity suggests institutional confidence in PEPE’s long-term valuation prospects, particularly around the $0.00002 threshold.
PEPE’s Explosive Rally Sparks Speculative Interest Amid Market Caution
PEPE has emerged as a standout performer in the meme coin sector, rallying 67% over the past two weeks despite trading 14% below its recent peak of $0.0000154. The frog-themed token is drawing record open interest of $583 million, surpassing levels seen during its January-February surge.
Market sentiment remains cautiously optimistic as traders weigh strong US inflation data against Federal Reserve Chair Jerome Powell’s reluctance to signal imminent rate cuts. PEPE’s derivatives activity suggests growing appetite for high-risk momentum plays, with some positioning it as a potential 10x opportunity.
The coin’s resurgence highlights the continued appetite for speculative crypto assets even amid macroeconomic uncertainty. Its outperformance against major cryptocurrencies raises questions about whether PEPE could challenge established meme coins like DOGE and SHIB for trader attention.
