Whale offloads 1.8T PEPE on Binance, intensifying bearish pressure and testing key support at $0.00001050.
PEPE retests $0.00001042 amid $18M in whale deposits; layered supports near $0.00000900 could prevent a deeper pullback.
Intraday PEPE volatility shows higher lows forming, but a breakout above $0.00001130 is critical to shift bearish momentum.
A major whale holding over 1.8 trillion PEPE has begun unloading massive amounts of the meme coin onto Binance, triggering significant price volatility. In just under a month, more than $18 million worth of PEPE was deposited, much of it sold at a loss, intensifying bearish pressure across the market.
Whale Activity Highlights Strategic PEPE Rotation
In a post by OnchainLens, wallet 0x6ea4...fe0 recently deposited 699 billion PEPE, valued at $6.55 million, to Binance. This adds to prior deposits totaling 1.6 trillion tokens worth $18.1 million, indicating a calculated liquidation strategy despite a realized loss of $3.26 million. The wallet still holds 600 billion PEPE, currently worth $6.39 million.
The same address received a 3 ETH inflow, around $7.45K, from a wallet labeled “Heavy Dex Trader” 27 days ago. This marked the start of an aggressive accumulation. On the same day, the wallet received two huge transfers from Binance 14: 633.44 billion PEPE and 1.16 trillion PEPE, together worth over $22.3 million, signaling coordinated capital cycling between CEXs.
These inflows and subsequent deposits show a deliberate approach: accumulate low, sell high, and rotate liquidity. While much was sold below peak values, the whale's footprint highlights how smart money often rides volatility for scaled exits.
Key Support Levels Under Attack as Technicals Break Down
On June 13, PEPE closed the week at $0.00001078, down 7.71%, after being rejected near $0.00001362, matching prior tops in November and February. According to an analysis by CryptoJobs3, the meme token is now retesting the $0.00001042–$0.00001058 zone, a key support that previously sparked April’s rally.
https://twitter.com/CryptoJobs3/status/1933523298760962191
Below that, layered demand levels appear at $0.00000934 and $0.00000900, which supported March’s bullish breakout. A deeper collapse may test $0.00000695–$0.00000704, a historically critical zone from early 2024 where heavy accumulation took place. Despite recent downside, analysts note a possible bullish retest if daily candles hold above $0.00001050. This level is seen as make-or-break for near-term momentum.
Intraday Volatility Offers Clues to Next Move
PEPE traded at $0.00001075 at last hourly close, showing modest recovery from $0.00001063. Resistance remains strong at $0.00001130, where the previous breakdown from $0.00001350 started. Price action is compressing, forming higher lows, but still facing macro selling pressure.
Traders now eye a breakout above $0.00001130 or a flush below $0.00001042 as a trigger for the next directional move.
The post Bearish Pressure Mounts as PEPE Whale Realizes $3.26M Loss—What’s Next? appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
