PEPE Price Surge Ahead? Whale Goes All-In on Memecoin Bet
A high-stakes trader just doubled down on PEPE—throwing serious weight behind the frog-themed memecoin. Is this the spark for the next meme rally, or another case of ’buy the rumor, sell the news’?
Crypto’s favorite gamble: chasing green candles while pretending it’s ’research.’ Either way, all eyes are on whether retail FOMO follows the whale’s lead.
Pepe is currently experiencing a surge in trading activity, with volume spiking nearly 41% to $2.58 billion. This momentum aligns with a high-profile move by top trader James Wynn, who has reopened a Leveraged long position on PEPE using 10x leverage. Wynn previously earned $26 million from a similar buy position on PEPE on HyperLiquid.
This latest position from Wynn reflects the growing confidence in a bullish PEPE price prediction for its next markup phase. Meanwhile, the PEPE price is still consolidating below the $0.000015 region after its 50% spike, which added $2 billion to its market capitalization.
PEPE’s derivative data shows strong interest from investors
James Wynn is not alone in his projections for PEPE, with the tokens’ derivative market heating up rapidly. Coinglass reports that Open interest in Pepe futures has increased by 10%, reaching a new all-time high of 700 million.
Source: Coinglass
This meteoric rise in open interest signals that more traders are betting on PEPE’s next move. The open interest weighted funding rate has spiked to 0.0118%, reflecting that more than half of the trades placed are long positions. On Binance, 65% of traders hold long PEPE positions, pushing the long/short ratio to 1.86.
This overwhelming momentum indicates that James Wynn’s trades, currently at a $200,000 profit, are in tandem with the general trend in the PEPE market.
PEPE whales are in the mix; Is a supply squeeze on the horizon?
PEPE whales have been accumulating positions in May. Lookonchain data reports that a dormant investor with millions in crypto assets has been purchasing PEPE tokens. This whale first withdrew 1.79 trillion PEPE from Binance on May 17. They added another 420 billion tokens, bringing their total holdings to an impressive 2.21 trillion PEPE tokens.
This accumulation represents approximately $29.28 million in value, signaling strong confidence in PEPE’s long-term prospects from major investors. The accumulation represents only a fraction of PEPE’s total supply, but James Wynn showing off his exploits on X will attract more whales to the fray. Such momentum can induce a supply squeeze and push the Pepe Price to new targets.
PEPE price prediction: Targets to watch for a surge
The PEPE price has shifted bullish as it aims to break out from its major resistance around $0.00001520. On the weekly chart, the RSI is sitting near 60, suggesting that PEPE still has room to stretch its legs further.
Source: Chandler on X
Meanwhile, Bollinger Bands are widening, indicating a potential breakout continuation. The price is still far from the upper band, which often signals a breakout if volume confirms. If PEPE succeeds in breaking through the resistance level around $0.00001520, it will have no resistance towards its all-time high at 0.000024.
This push reflects a 1000% surge, but bigger gains can be gotten outside the meme coin.
Newer high-potential altcoin, Remittix, may outperform PEPE
While the pepe price prediction has caught the attention of many traders, Remittix is stepping up to the challenge with 100x projections. The new crypto, Remittix, has shaken the cross-border payment industry, with its crypto-to-fiat solutions anchored on the blockchain.
Source: Remittix
Platforms like Spribe and Wise have been around, offering fiat-to-fiat settlements while Coinbase adds its crypto-to-crypto infrastructure, but crypto-to-fiat conversion is finally here. With Remittix, anyone can send +50 digital currencies directly to global bank accounts in over 30 currencies.
With this unique proposition, Remittix is on track to disrupt the $190 trillion global remittance market and contend with Pepe for market gains.
Conclusion
The PEPE price prediction tells tales of its current market momentum, yet traders looking for quicker turnarounds may prefer to look at newer coins like Remittix (RTX). Currently at $0.0781, this PayFi sensation is turning heads with its rare utility backing and 100x predictions.
https://remittix.io/
https://linktr.ee/remittix
