PEPE coin shows signs of a breakout after PEPE whales accumulated over 22 trillion tokens in Q1 2025 despite growing volatility that tested the lowest resistance levels last quarter.
According to onchain data, the frog-themed meme coin that had fallen 15% in late February and early March is on the verge of reversing the trend, with the token surging 50-75% since March 11.
Fighting Bearish Pressure
Amid the ongoing broader crypto market volatility that has recently ravaged the meme coin segment and caused a loss of over $46 billion targeting meme coins like Dogecoin and Shiba Inu, PEPE Coin has reached its bottom and may be testing critical supports. At the time of writing, the PEPE coin was trading at $0.0000068, with the potential for a further correction to the $0.0000050 level.
According to a recent PEPE Coin daily chart on TradingView, the token’s price action revealed a sign of recovery from the prevailing downtrend and heading toward a long-standing resistance Trendline.
The decline represented a pullback of over 70% after the coin briefly rebounded from lows at $0.0000053. Nonetheless, despite the foregoing, the PEPE coin appears to be struggling against bearish pressure, and its resistance Trendline has formed a short-term expanding channel.
Potential Long-Term Holding Strategy
According to a post by ChandlerCharts on social media site X, there are signs of increased activities by PEPE whales after one purchased 492 billion PEPE tokens for $3.74 million, raising speculation about future price movements.
As anyone might have expected, the singular action must have attracted other PEPE whales who may have been waiting on the sidelines as another whale withdrew 250 billion PEPE from Binance, indicating a possible long-term holding strategy.
As the PEPE coin struggles to break free from the bearish Trendline, PEPE whales are moving, with another significant one selling over 68.76 billion PEPE tokens for 271.33 ETH (worth $509.5k). Data from OnchainLens shows that the whale had HODLed the tokens for at least two years and must have made a profit of over $427k.
However, if the whale had been more patient and sold at the peak price, they could have made $1.79 million from the PEPE Coin tokens originally bought for $82k on KuCoin.
Balances by Whales have surged
Despite the latest market activity by such a long-term HODLer, on-chain data shows that PEPE coin whales still hold many tokens. Data from IntoTheBlock shows that the balance held by PEPE whales surged from 337.75 trillion PEPE to 350.16 trillion PEPE in Q1 2025. This increase integrates holdings in wallets containing between 100 billion PEPE and 10 trillion PEPE coins.
It should be noted that the number of wallets holding 100 billion and 1 trillion PEPE and between 1 trillion and 10 trillion PEPE have increased by 22 trillion PEPE over the last three months. On the other hand, crypto wallets holding between 10 trillion and 100 trillion PEPE coins decreased by 7 trillion PEPE during the same period. Still, the overall sentiment among crypto whales indicates continued bullish sentiment.
Conclusion
As PEPE whales continue accumulating their holdings, analysts predict a potential rally pointing to a falling channel pattern on the daily chart, suggesting a breakout rally is imminent. Based on ongoing price action analysis and the current accumulation levels, users could consider a price target of $0.0000093, but the longer-term price target could be extended to $0.000021.
Frequently Asked Questions (FAQs)
What are crypto whales?
Crypto whales are investors holding large amounts of cryptocurrency and can impact market prices through purchasing power.
How can you identify crypto whales?
You can spot a crypto whale through large transactions or by scanning blockchain explorers that enable you to search for specific wallet addresses or transactions.
What is a whale alert?
A whale alert is a real-time notification triggered when a whale makes a significant move, such as buying millions of cryptocurrencies.
Why do some whales dump crypto?
Pump-and-dump schemes involve crypto whales artificially inflating crypto prices to attract naive investors. The whales then sell their holdings at the inflated price when the price has been driven up to a specific value, making substantial revenue.
Appendix: Glossary to Key Terms
Price Breakout: A “price breakout” occurs when the price of a cryptocurrency moves beyond a defined level of support or resistance and is accompanied by increased trading volume.
Bullish Sign: Optimism about the future performance of a market or asset, suggesting an expectation of rising prices or value.
Bearish Sign: A pessimistic outlook that suggests the price of an asset is declining.
References
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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