Pepe Coin (PEPE) has once again attracted the market's attention, but this time not due to viral hype, but due to a sharp increase in whale activity. Recent blockchain data from IntoTheBlock shows a 257% increase in large transactions, which has sparked heightened interest across the crypto sector.
This activity occurs against the backdrop of a general corrective movement in the market. At the time of writing, PEPE is trading at $0.00001342, which is about 4% lower than the 24-hour level. Bitcoin has dropped below $102,000 — a key support level, putting pressure on altcoins, especially more speculative tokens like meme coins. Although the drop in PEPE's price may seem ordinary, the increase in whale transactions indicates potentially more serious changes in internal processes.
What does the increase in whale activity mean?
Recent data from IntoTheBlock shows a sharp increase in whale transactions with Pepe Coin. Trading volumes in the range of $1 million to $10 million increased by an impressive 750%, while operations from $100,000 to $1 million rose by approximately 178%. Even average movements from $10,000 to $100,000 increased by nearly 174%. Such a scale of movements often reflects deliberate actions by institutions or well-capitalized players changing positions in anticipation of future shifts.
Some analysts interpret this activity as a bullish signal — a sign of growing confidence in PEPE's growth potential. In particular, one whale recently exited a position in TRUMP Coin and opened a 10x long position on PEPE, which currently has an unrealized profit of $81,000, according to on-chain tracker Lookonchain.
At the same time, others warn that such spikes, especially after a significant rally, can be a warning signal. Historically, similar whale activity in May, November, and December 2024 preceded local price peaks. If the number of whale transactions exceeds the mark of 800 transactions, it often precedes sell-offs and corrections. This does not guarantee a repetition of the scenario, but it is a pattern worth tracking.