Whale Alert: $4.28M in PEPE Bought by Tornado Cash Wallets—Trend Reversal Incoming?
PEPE just pulled a surprise move—and it’s got the entire crypto community watching.
Five wallets—linked to Tornado Cash—snapped up 611B PEPE tokens worth $4.28M in just 8 hours, according to Lookonchain. That buying frenzy sent PEPE soaring 12%, and the price touched $0.00000774, with volume exploding to $12.3M across Binance and Uniswap.
Why the concern?
These wallets pulled ETH from Tornado Cash about 15 days ago—a platform historically linked with cyber attacks and fund obfuscation. One of the wallets even dropped $250K+ via CoW Swap, while others ranged from $9K–$36K.
Is this price action manipulation or momentum?
Technical analysts say PEPE may be forming a double-bottom pattern, supported at $0.0000064. If bulls can break above $0.0000090, it could open the door to $0.000014—the 0.382 Fibonacci level from 2024’s high.
On-chain activity is buzzing too: Active wallets surged 20%, and daily trading volume crushed the $8.2M average. But despite the bullish signs, indicators remain mixed. RSI hit 72, hinting at overbought territory, while trader sentiment sits neutral at 50.
Bottom line? PEPE could be gearing up for another leg up—if it holds above key support and overcomes immediate resistance.
Trend reversal or exit pump?
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