PEPE whales stack 9 trillion tokens – Will this aggression drive a surge to $0.00001?

Pepe whales stepped up accumulation, snapping up 9 trillion tokens in the past 24 hours.

One whale alone scooped 1.5 trillion PEPE worth $13.3 million during this period.

While Pepe [PEPE] continued to struggle on its price charts, whales attempted to pump it. Inasmuch so, whales have been aggressively accumulating the memecoin.

For instance, over the past day, a PEPE whale with $147 million assets withdrew 1.5 trillion PEPE tokens worth $13.3 million according to Lookonchain.

Whales increase pace, betting on price strength

This wasn’t an isolated move, as the transaction followed the wider market behavior among PEPE whales

Any impact on price charts?

Having said that, whale buying hasn’t yet lifted PEPE’s price. The memecoin stayed locked between $0.0000085 and $0.0000092.

Since reaching $0.000098 four days ago, the memecoin has lacked upward momentum, resulting in a retrace.

However, the growing demand is strengthening the memecoin for a potential breakout from this range.

Therefore, if buyers can maintain the momentum to displace sellers, we could see the memecoin jump to $0.0000098 and attempt $0.000010.

Conversely, if the struggle between sellers persists, the memecoin will continue to trade sideways. Prolonged consolidation could result in PEPE dropping to $0.0000084 as whales become impatient.