Whale Purchases and Market Impact:
Recent Accumulation: "Whales are quietly buying." Over the past month (leading up to July 2025), institutional investors reportedly increased their PEPE holdings by 1.75%, accumulating 303 trillion tokens. This accumulation coincides with a 2.9% drop in exchange supply, reaching a two-year low, which suggests fewer tokens available for sale and could fuel upward momentum.
Specific Large Buys: There are reports of specific large whale purchases, such as one mysterious whale buying 154.29 billion PEPE with 700 ETH (worth about $1.72 million) on June 6, 2025. This particular whale reportedly increased their holdings by 24 trillion PEPE in the 3 months prior.
Price Surges: Following these significant investments, PEPE's price has seen rapid acceleration. One report mentions a 15.7% increase in the last 24 hours (as of July 11, 2025) and a 30.5% weekly increase, reaching $0.00001278. The 24-hour trading volume also reportedly surpassed $7.94 billion.
Technical Breakouts:Analysts note that PEPE has broken out of a "falling wedge pattern," a technical formation often linked to explosive rallies. Some believe maintaining the $0.0000102 support level is crucial for further ascent, potentially to $0.000015 and even $0.000030 by year-end if a "triangle breakout" plays out.
Reduced Exchange Supply: The decline in PEPE supply on exchanges (2.66% since early July 2025, reaching a two-year low) suggests more investors are holding their tokens in self-custody, indicating a HODLing sentiment.
"Millionaire Army" and Sentiment:
The term "Millionaire Army" isn't an officially recognized group, but it reflects the strong sentiment and aspiration among Pepe coin holders. The idea that significant whale purchases could "attract retail investors driven by FOMO (fear of missing out)" and lead to new highs is a common narrative in the meme coin space.
Cautions and Risks:
While the current sentiment is bullish due to whale activity and technical patterns, it's crucial to remember that meme coins like PEPE are highly volatile and speculative.
Some analyses warn that if the market dips below certain support levels (e.g., $0.0000102), a significant retracement could occur.#INDIANstock