According to blockchain analytics platform Spot On Chain, a large investor has made a substantial purchase of 437.7 billion PEPE tokens for 1,413.4 WETH ($2.72 million) within the last eight hours. The transaction occurred as PEPE’s price showed a strong rebound, rising over 8% over the past day. At writing it sits at $0.000006450.
Notably, all ETH used for the purchase originated from TornadoCash, a privacy-focused Ethereum mixer. The whale’s activity raises questions about market impact and price trends for the meme coin sector.
What you'll learn 👉
Whale Accumulates PEPE in a Rapid Buying Spree
Blockchain data reveals that the investor executed three major purchases within a short period:
- 102.998 billion PEPE at an initial price level
- 31.667 billion PEPE at a slightly higher valuation
- 203.031 billion PEPE, marking the largest single acquisition
This series of transactions coincided with an upward price trend, suggesting the whale’s entry may have fueled buying pressure. The whale’s unrealized profit is $103,076, reflecting a 3.789% increase following the accumulation.
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PEPE Price Movement and Market Trends
The price chart illustrates a period of consolidation before PEPE’s value began rising. As accumulation continued, the token surged past previous resistance levels before encountering a pullback near $0.00000155-$0.00000160. The support zone is estimated between $0.00000120 and $0.00000130, indicating a level where demand previously outweighed selling pressure.
Market participants are watching whether the PEPE meme coin can sustain its momentum and break through the resistance. The whale’s holdings could play a key role in short-term price fluctuations, depending on whether the investor chooses to hold or sell.
Potential Risks and PEPE Market Outlook
The whale’s use of TornadoCash for funding introduces speculation about the origins of the capital. The platform has been sanctioned by regulatory bodies due to concerns about illicit fund transfers, leading to scrutiny whenever large sums move through its system.
From a trading perspective, liquidity remains a concern, as a sudden sell-off by the whale could trigger sharp price declines. Retail traders often react to whale movements, amplifying volatility. Analysts suggest that if buying pressure continues, PEPE’s price could challenge higher resistance levels, but caution remains about the potential for profit-taking events.
As meme coin interest resurfaces, investors are monitoring whether this rally signals a broader resurgence for the sector or if it remains an isolated event driven by whale activity.
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