PEPE Surges in Trading Volume as Whale Moves 1.79 Trillion Tokens, Technicals Signal Volatility

PEPE has experienced heightened market activity in the past 24 hours, driven by notable whale movements, increased trading volume, and technical developments. The token is currently trading at approximately $0.00001249, with a 24-hour trading volume of $932.25 million and a market capitalization of $5.17 billion, ranking it #22 among cryptocurrencies.

The recent price action includes a 7.5% decline on May 17, 2025, coinciding with a broader market downturn affecting meme coins. However, the market also saw a significant rally of 130% from recent lows earlier in May. A major whale withdrawal of 1.79 trillion PEPE tokens from Binance after two years of dormancy contributed to a surge in trading activity, with PEPE/USDT volume on Binance increasing by 25% in the 12 hours following the event. Technical indicators such as a bullish MACD crossover and an RSI of 62 suggest short-term upward momentum, while on-chain data shows a 15% rise in active addresses, indicating growing retail interest. These factors, along with ongoing promotional campaigns, have contributed to increased volatility and mixed technical signals for PEPE in the current trading environment.