Will PEPE Coin Jump After Massive Whale Buy?
The post Will PEPE Coin Jump After Massive Whale Buy? appeared on BitcoinEthereumNews.com. A whale recently spent 2 million USDT to acquire 178.9 billion PEPE tokens, as shown by on-chain data. The accumulation happened through multiple transactions where around 44–45 billion PEPE were purchased in chunks of about half a million USDT each. This level of buying suggests that smart money is positioning for a potential move higher, adding confidence to retail traders who often follow whale wallets as market signals. The interesting detail here is timing. The purchases came after a relatively quiet consolidation period, meaning this accumulation could be the first sign of a breakout attempt. When whales buy aggressively in down or sideways markets, they typically anticipate either a liquidity event or an upside rally. Jerome Powell’s Jackson Hole speech, where he signaled a likely interest rate cut in September, indirectly adds fuel to speculative assets like PEPE. Lower rates weaken the dollar and push liquidity into risk-on markets, often boosting meme coins alongside stocks and mainstream crypto. With inflation easing and the Fed turning slightly dovish, traders may rotate capital into high-volatility tokens for bigger returns. The timing of Powell’s comments, combined with a whale spending $2M on PEPE, creates a narrative that both macro policy and on-chain signals are aligning to support a potential rally in the coin. Current Technical Setup on the Daily Chart PEPE/USD Daily Chart- TradingView The TradingView chart shows PEPE trading around $0.00001101 with slight pressure after a small rejection near $0.00001135. The Bollinger Bands are tightening, which indicates volatility compression and often precedes a sharp directional move. Support levels can be seen near $0.00001075 and $0.0000098, both acting as buffers if price faces selling pressure. Resistance stands around $0.00001200, and a clean break above this level could push PEPE toward the mid-August highs closer to $0.00001400. The Heikin Ashi candles show a mix…
The post Will PEPE Coin Jump After Massive Whale Buy? appeared on BitcoinEthereumNews.com.
A whale recently spent 2 million USDT to acquire 178.9 billion PEPE tokens, as shown by on-chain data. The accumulation happened through multiple transactions where around 44–45 billion PEPE were purchased in chunks of about half a million USDT each. This level of buying suggests that smart money is positioning for a potential move higher, adding confidence to retail traders who often follow whale wallets as market signals. The interesting detail here is timing. The purchases came after a relatively quiet consolidation period, meaning this accumulation could be the first sign of a breakout attempt. When whales buy aggressively in down or sideways markets, they typically anticipate either a liquidity event or an upside rally. Jerome Powell’s Jackson Hole speech, where he signaled a likely interest rate cut in September, indirectly adds fuel to speculative assets like PEPE. Lower rates weaken the dollar and push liquidity into risk-on markets, often boosting meme coins alongside stocks and mainstream crypto. With inflation easing and the Fed turning slightly dovish, traders may rotate capital into high-volatility tokens for bigger returns. The timing of Powell’s comments, combined with a whale spending $2M on PEPE, creates a narrative that both macro policy and on-chain signals are aligning to support a potential rally in the coin. Current Technical Setup on the Daily Chart PEPE/USD Daily Chart- TradingView The TradingView chart shows PEPE trading around $0.00001101 with slight pressure after a small rejection near $0.00001135. The Bollinger Bands are tightening, which indicates volatility compression and often precedes a sharp directional move. Support levels can be seen near $0.00001075 and $0.0000098, both acting as buffers if price faces selling pressure. Resistance stands around $0.00001200, and a clean break above this level could push PEPE toward the mid-August highs closer to $0.00001400. The Heikin Ashi candles show a mix…
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