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PEPE Demand Surging: Whale Scoops 500 Billion PEPE Coins, Suggesting Upcoming Market Rally
By: blockchainreporter|2025/05/09 00:30:06
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According to a report from Lookonchain, a major whale purchased 500 billion PEPE again, worth $4.36 million, and is currently holding 2 trillion PEPE coins valued at $17.42 million.Whales on PEPE buying spreeAs per the data, this whale is the investor who withdrew 1.5 trillion PEPE ($13.3 million) from Binance last week on April 30, 2025. These massive purchases indicate that PEPE is attracting attention, showing strong bullishness toward the token.This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW pic.twitter.com/sx7hOqkcKG— Lookonchain (@lookonchain) May 8, 2025Whale acquisition is often seen as an indication of confidence, influencing positive sentiment in the market. The investor’s activity signifies that whales expect future price growth, which, as a result, could attract more buyers and develop a purchasing frenzy, possibly pushing prices up. PEPE sets to hit $0.001PEPE has been gaining ground in the virtual currency market, attracting the interest of both whales and small investors. With the current bullishness in the wider crypto market, PEPE is preparing itself for what could be a substantial breakout from the ongoing consolidation.The recent development of President Trump’s plan to host a private dinner with the biggest TRUMP token holders has sparked enthusiasm in other meme coins, including PEPE and others. As a result, the current meme coin’s bullish trend has triggered rumors about PEPE’s potential to surge further, possibly to hit $0.001 during this market rally.The meme coin has been seeing upturns recently, with its price up 0.3%, 4.1%, and 41.6% in the past seven days, two weeks ago, and a month ago, respectively. Today, the asset rose by 10.3% from yesterday, currently placing its value at $0.00000920.The current price of PEPE is $0.00000920. The current correction, which comes after a significant market rebound, aligns with the enthusiastic sentiment in the wider crypto landscape, heightened by Bitcoin’s bull run towards the 100k mark. As the market warms up, PEPE has gained strength from rejuvenated investors’ interest, with its prices rising progressively, surpassing previous resistance zones. The contributing factors to the asset’s bullish outlook are increasing investors’ confidence and a surge in whale activity.The latest metrics from Santiment show that there has been a sudden rise in the number of wallet addresses holding 10 million to 100 million PEPE tokens, with such big investors contributing to price increases. When whales acquire PEPE, this shows the enthusiasm that the asset will surge further. Also, money movement into the PEPE market has been rising, with an increasing number of whales buying millions worth of PEPE coins in recent days. These events signal that PEPE can still climb higher as more whales and retail investors enter the market.
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