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Home CRYPTO

PEPE Whales are Positioning for a Massive Rebound: What Do Traders Need to Know?

Gary Ponce by Gary Ponce
January 16, 2025
in CRYPTO
Reading Time: 2 mins read
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  • Two PEPE whales made significant purchases during the dip, including one buying 280 billion tokens worth $5 million from Binance.
  • PEPE’s price hit $0.0000165, its lowest in a week, with a 19.51% loss, increasing rebound potential.
  • Whale accumulation underscores strong confidence in PEPE, mirroring trends seen with Ethereum’s largest holders.

The crypto market is in the middle of a shake-up, but some PEPE whales seem to be taking full advantage. Despite $287 million in liquidations hitting the broader market, key whales are doubling down on their PEPE holdings, signaling bold moves during the dip.

Big Whale Moves

Data from Spot on Chain shows that one whale, tagged “0x8f5,” withdrew 280 billion PEPE tokens from Binance today—a whopping $5 million purchase. Another whale, “0xb1a,” spent 3.72 million USDC to acquire 200.4 billion PEPE, even after losing $1.45 million in past trades.

PEPE’s Current Struggle

Trading at $0.0000165, PEPE is down 5.81% over 24 hours, with a weekly loss of 19.51%. While these levels mark its worst performance in the top 100 cryptos, the drawdown could set the stage for a rebound.

Whale Confidence

PEPE remains a favorite among big investors, often mirroring Ethereum whale activity. This trend highlights continued faith in the meme coin’s potential, even during market-wide sell-offs.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $pepeBinanceethereumPEPESpot On Chain
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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