Whale Wallet Accumulates 2.21T PEPE Worth $29M Amid Market Dip—Bullish Signal or Exit Plan?
Key Takeaways:
- A mysterious whale wallet (0x6ea) has accumulated 2.21 trillion $PEPE, now valued at over $29.24 million.
- The wallet withdrew 420 billion PEPE (~$5.39M) just 2 hours ago, following a massive $22.35M withdrawal earlier the same day.
PEPE’s price is down over 8%, but large-scale accumulation hints at possible long-term bullish sentiment despite market weakness.
Despite the ongoing downturn in the meme coin market, whales appear to be doubling down on PEPE. Recent on-chain activity shows massive withdrawals from centralized exchanges, potentially indicating that big players are positioning for a long-term bet on the frog-themed token.
Whale Wallet 0x6ea Ramps Up PEPE Holdings to $29.24M
420B More PEPE Withdrawn From Binance, Adding to Massive Accumulation
In the latest on-chain update posted by The Data Nerd (X account: @OnchainDataNerd), wallet 0x6ea withdrew an additional 420 billion PEPE tokens (~$5.39 million) from Binance. This brings the wallet’s total PEPE holdings to 2.21 trillion, valued at approximately $29.24 million, with an average entry price of $0.0000125.
Earlier the same day, the same wallet withdrew 1.79 trillion PEPE tokens (~$22.35M) from Binance in one move, making it one of the largest single-day PEPE accumulations recorded in recent months. This wave of buying raises questions: is this a deep-pocketed trader accumulating during a dip, or an orchestrated move by insiders with a bullish long-term outlook?
Not Just One Whale: Broader Accumulation Detected
0xaca Also Withdraws $1.28M in PEPE From KuCoin
The accumulation trend isn’t limited to one wallet. Around 9 hours before wallet 0x6ea’s first big withdrawal, another wallet, 0xaca, withdrew 96.9 billion PEPE (~$1.28 million) from KuCoin. While not as sizable, this move adds further evidence that whales may be scooping up PEPE at current levels in anticipation of a future rebound.
These movements bring the total PEPE withdrawn from exchanges today to over 2.3 trillion tokens, or more than $30.5 million in market value. For a meme coin that’s often criticized for volatility and lack of fundamentals, such confidence from deep-pocketed investors is significant.
Price Slips as Short-Term Traders Exit
PEPE Down Over 8% Daily, 5.5% Weekly
Currently trading at $0.00001238, PEPE has fallen 8.2% in the last 24 hours and 5.5% in the last week. A notable 36.6% drop in trading volume has also been seen, suggesting declining interest from short-term speculators and regular investors.
But that drop may be precisely why whales are buying. Historically, large wallets tend to accumulate during dips and redistribute or sell during peaks. This recent surge in whale activity could be signaling a strategy of buying the fear and riding the next market upswing—especially as meme coins often see rapid rebounds when market sentiment shifts.
Read More: MIND of Pepe: The New Presale Token Gaining Traction Now for Potential Returns in 2025
Are Whales Betting on a Meme Coin Revival?
PEPE has already proven capable of explosive rallies. It surged over 69.2% in the past month, attracting speculative capital across the board. However, with that rally cooling down, many short-term holders are likely taking profits, contributing to the current downturn.
Yet long-term holders—and particularly whales—may see this as a re-accumulation phase, not a peak. Removing tokens from exchanges typically signals an intent to hold rather than sell, reducing circulating supply and potential sell pressure.
Moreover, such moves often precede announcements, ecosystem developments, or coordinated social pushes—common tactics in the meme coin world to drive renewed hype.
What Comes Next for PEPE?
With over $30 million in whale-led outflows in a single day, the market is watching closely. Will this accumulation lead to another meme coin rally? Or is it a stealthy exit before deeper losses? Regardless, on-chain activity doesn’t lie—someone is betting big on PEPE.
Investors and traders should monitor closely for any upcoming catalysts or whale movements. In the world of meme coins, tides can shift fast—and when they do, it’s usually the whales that ride the wave first.
The post Whale Wallet Accumulates 2.21T PEPE Worth $29M Amid Market Dip—Bullish Signal or Exit Plan? appeared first on CryptoNinjas.