Are Whales Buying PEPE? Analyzing the Current Bullish Momentum

The meme coin market is heating up once again, and PEPE appears to be at the center of a fresh speculative surge. 

On-chain data suggests whales are making bold moves, igniting a wave of bullish sentiment. But is this accumulation a precursor to a breakout, or just another market feint?

From large-scale token transfers to bullish chart formations and growing open interest in derivatives, a range of metrics now point to intensifying interest in PEPE. 

Here’s a closer look at the signs that whales are buying—and what that might signal for the coin’s short-term trajectory.

Whale Accumulation: Is Smart Money Positioning for a Surge?

On May 27, a staggering 2 trillion PEPE tokens—valued at approximately $27.8 million—were moved from Bybit to an unknown wallet. 

This transaction, though seemingly routine on the surface, is significant. Large-scale off-exchange transfers typically indicate accumulation, not liquidation.

More telling still: over 11.75 trillion PEPE tokens have changed hands among whales in just the past 24 hours. 

The pattern suggests sustained interest by high-net-worth investors and institutional players, often referred to as “smart money.” 

Crypto analyst Crypto Zeus highlighted that these movements “show consistent support at lower levels,” suggesting an attempt to establish a base before an upward thrust.

Technical Patterns Hint at Breakout Potential

Technicians have begun pointing to a textbook cup-and-handle formation in PEPE’s price action—often regarded as a precursor to a bullish breakout. 

This structure, combined with its proximity to the $0.0000148 resistance zone, has analysts watching for a confirmed push that could drive the price as high as $0.0000238.

In addition, the token has remained comfortably above its 200-day EMA, a sign of long-term strength. A golden cross—where a short-term moving average crosses above a longer one—has also recently emerged, reinforcing the bullish outlook. 

The price is now approaching the 61.8% Fibonacci retracement level, often seen as a decision point for either a reversal or continuation of trend.

Read more: Pepe Coin News, Updates, and Price Prediction | Bitrue Pepe Coin Official Site

Surge in Open Interest and Retail Participation

Beyond the charts, broader market participation in PEPE is rising fast. Open interest in PEPE derivatives has spiked to nearly $600 million, indicating heavy involvement from leveraged traders. 

Funding rates are ticking upward, reflecting that more traders are willing to pay a premium to go long.

At the retail level, interest in PEPE is spiking across social media and search trends. Meme tokens thrive on community hype, and the resurgence of enthusiasm is beginning to mirror the kind of momentum seen in previous euphoric phases of the market.

Macro Context: Supportive Conditions Beyond the Charts

Adding to the coin’s momentum is a favorable macroeconomic backdrop. Bitcoin has held firmly above $109,000, lending stability and confidence to the broader altcoin market. 

Meanwhile, international developments—such as the postponed U.S. tariffs on European imports—have calmed broader economic fears, encouraging risk-taking across asset classes.

These factors create a conducive environment for speculative coins like PEPE, where sentiment plays as large a role as fundamentals.

Read more: Pepes Dog (ZEUS) Coin Price Prediction 2025-2028

PEPE’s Whales Are Stirring—Is a Breakout Next?

The convergence of whale accumulation, bullish technical setups, rising open interest, and supportive macro trends is hard to ignore. 

PEPE appears to be positioned for a potential breakout, particularly if it can decisively clear the $0.0000148 resistance level.

Still, traders should exercise caution. Meme coins are famously volatile, and while the upside can be substantial, the downside is just as swift. For now, all eyes are on the charts—and on the whales moving beneath the surface.

Read more about PEPE:

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FAQ

1. Are whales really buying PEPE now?

Yes. On-chain data shows large PEPE transfers from exchanges to private wallets, indicating accumulation by whales in anticipation of a price move.

2. What price levels should traders watch for PEPE?

Key resistance sits at $0.0000148. A breakout above this level could push the price toward $0.0000238, according to current technical projections.

3. Is PEPE showing a bullish chart pattern?

Yes. Analysts note a cup-and-handle pattern along with a golden cross, both of which are traditionally bullish signals.

4. What role does retail sentiment play in PEPE’s price?

Retail interest is critical for meme coins. Rising social media buzz and search trends often correlate with price rallies in assets like PEPE.

5. How risky is investing in PEPE right now?

While the upside potential exists, PEPE remains a high-risk asset due to its speculative nature, meme-based value, and susceptibility to large holder activity.