Pepe Price Primed for 100% Surge as Smart Money Piles In
Memecoin mania isn’t dead—it’s just getting smarter. PEPE, the frog-themed token that became a retail darling in 2023, is flashing bullish signals as institutional wallets quietly accumulate.
The big move: On-chain data shows a 72% spike in large transactions (>$100k) this week, with exchanges reporting net outflows. That’s classic accumulation behavior—and it’s happening while retail sleeps.
Why it matters: When ’smart money’ starts buying, prices typically follow. The last time PEPE saw this level of whale activity, it rallied 400% in three weeks.
Catch-22: Of course, this could just be hedge funds front-running another memecoin pump before dumping on retail. Because nothing says ’financial innovation’ like degens and billionaires playing hot potato with cartoon amphibians.
Pepe whales accumulating | Source: Santiment
Additional Santiment data shows that the balance held by whales surged significantly this week. Although the number of smart money wallets has declined slightly, their total holdings jumped from 278 billion PEPE on Monday to 635 billion. The increase was driven by two smart money addresses that collectively purchased $1.3 million worth of tokens.
In crypto, tracking whale and smart money behavior is a widely used form of fundamental analysis. Nansen defines “smart money” as wallets tied to highly profitable or influential traders and investors, while whales are those holding large coin positions.
Pepe price technical analysis
The daily chart reveals that the Pepe coin price has moved sideways since March. This consolidation happened after the coin fell to a crucial support level that coincided with the lowest point in August last year.
Pepe has now formed a double-bottom pattern, which closely resembles the letter W. This pattern has two lower swings and a neckline at $0.0000092, its highest level on March 26.
The coin also formed a falling wedge pattern, a common bullish reversal sign. Additionally, the Awesome Oscillator has just crossed the zero line and turned green. It crossed that zone in November, triggering a 160% surge to its highest level in November.
Given these signals, the coin is likely to continue climbing, with buyers targeting the crucial resistance level at $0.00001725, the highest swing point from May of last year. This price target is roughly 100% above current levels.
