A major PEPE whale has re-entered the market after months of dormancy. The whale, identified as “0xc25,” made headlines for turning a $3,000 investment into $51.25 million, marking a 17,026x return.
After six months of inactivity, the whale deposited 500 billion PEPE tokens (worth $5.73 million) to Coinbase roughly 11 hours ago. This move has sparked curiosity among traders, as large deposits to exchanges often signal an intent to sell.
According to on-chain data from Spot On Chain, whale “0xc25” initially purchased 4.914 trillion PEPE tokens for just $3,010 on April 15, 2023. Over time, the investor liquidated 3.66 trillion PEPE for $35.52 million, retaining 1.25 trillion PEPE (valued at $15.73 million).
A $3K bet turned into $51.25M—now this PEPE whale is making moves again!
— Spot On Chain (@spotonchain) January 29, 2025
After six months of silence, whale “0xc25” deposited 500B $PEPE ($5.73M) to #Coinbase ~11 hours ago.
This whale bought 4.914T $PEPE for just $3.01K on April 15, 2023, gradually cashed out 3.66T $PEPE for… pic.twitter.com/8jLyIcesXE
The latest transaction suggests that the whale may be looking to take further profits, which could influence PEPE’s short-term price direction. The last time this whale made large moves, PEPE saw increased volatility.
What you'll learn 👉
PEPE Price Performance and Trend Analysis
Pepe’s price has been falling since its 2024 peak. The token now trades around $0.00001273. This is a 1.26% and a 19.21% dip over the past day and week, respectively, as per CoinGecko data.
The daily price chart shows PEPE moving below the middle Bollinger Band, a sign of increased selling pressure. PEPE is testing critical support around $0.00001200 and $0.00001250. If this level holds, the price could rebound towards resistance around $0.00001550.
PEPE may reach $0.00001050 if it dips below $0.00001200, with a higher chance of more declines. Regaining $0.00002500 could confirm a trend reversal, while a break over $0.00002000 could indicate bullish momentum.
Read also: Can Algorand (ALGO) Bulls Regain Control? This Support Level Holds the Key
PEPE Indicators Suggest Potential Rebound
The Bollinger Bands indicate that PEPE is close to the lower band, typically indicating oversold conditions. The RSI stands at 35.34, approaching the oversold level of 30. Should the RSI rise past 40, it could indicate a brief recovery.
Meanwhile, the MACD remains bearish, but weakening negative momentum hints at a possible crossover. A rise in trading volume could validate any bullish reversal.
PEPE remains in a downtrend but shows signs of potential relief. The whale’s next move could play a crucial role in determining whether PEPE stabilizes or extends its decline.
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