**\$PEPE Price Might React to Big Whale Purchase**
A whale wallet that had been inactive for 2 years has suddenly come back to life, according to Lookonchain. The whale created a new wallet and withdrew 1.79 trillion PEPE tokens from Binance — worth over \$22 million.
This sudden move could cause a shortage of PEPE tokens in the market. What’s interesting is that the whale didn’t hold any PEPE before, which has sparked speculation about this unexpected buy.
Whale activity around PEPE has increased a lot over the past week, and many see this as a signal that a breakout could be coming. However, the current price hasn’t caught up yet. At the time of writing, PEPE was trading at \$0.00001219 — down 2.4% for the day.
The PEPE/USDT daily chart shows strong price swings are likely. The Relative Strength Index (RSI) is at 63.23, which is close to the overbought zone. The Bollinger Bands are also stretched wider than they’ve been since January 31, showing that volatility is high — and could push the price in either direction.