Whales Buy PEPE Like It’s on Sale: 531B Tokens and Counting! 🐋💸

  • So, a new whale just splurged on 531.63 billion PEPE for a cool $5.5 million. Because why not? 🐳💰
  • PEPE needs to get its act together and reclaim $0.0000107, or it might just slide down to $0.00000855. Yikes! 😱

In a shocking twist, Pepe [PEPE] has dropped below $0.00001 for the first time in over a month, hitting a low of $0.00000963. Talk about a dramatic fall! 🎢

Of course, this dip has attracted opportunistic buyers—especially whales—who are clearly shopping for bargains in the memecoin aisle. 🛒🐋

$5.5M worth of conviction? Or just a really expensive impulse buy? 🤔

According to Onchain Lens, a new whale has entered the market after the recent market slump and snagged 531.63 billion PEPE, worth $5.55 million. That’s one way to make a splash! 💦

The entire transaction went through Binance, marking a rare moment of confidence in a sea of uncertainty. 🏊‍♂️

This whale acquisition comes at a time when whale buying activity has taken a nosedive. Whale accumulation plummeted from 28 trillion to 4 trillion between June 16 and June 18. Ouch! 📉

Even with the big fish swimming away, Netflow stayed positive, with a net gain of 106 billion PEPE. So, there’s still some buy pressure—just not as much as before. 🐠

Retail joins the party! 🎉

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So, both whales and retail investors are back in the game, as the memecoin gets cheaper by the minute. It’s like a clearance sale! 🏷️

Current market behavior suggests optimism, as they continue to buy in a downtrend. Because who doesn’t love a good bargain? 💸

But wait—price is still stuck in a downtrend. Can we get a refund? 😩

According to AMBCrypto’s analysis, PEPE has been under strong downward pressure, dropping from $0.0000135 to $0.0000096 in the past week. Ouch, that’s gotta hurt! 😖

So, despite the whale buying frenzy, it hasn’t changed the trajectory. PEPE has lost 20.83% over the past seven days, falling from $0.0000135 to $0.0000096. At press time, it’s trading at $0.00001023—still below the all-important psychological support. 🧠

When we check the momentum indicators, both DMI and Stoch are lounging in the bearish zone and continuing to decline. The positive index has dropped to 19, and it’s almost crossing into the negative zone. Yikes! 🚫

Another drop below here and a breach of 17 will signal a strong continuation of the downtrend. It’s like watching a bad reality show—just when you think it can’t get worse, it does! 📺

This possibility is further supported by the declining Stoch RSI, which has dropped to oversold territory since making a bearish move three days ago. Can we get a lifeboat over here? 🚤

The bottom line? Whales are buying, and retail is following—but momentum hasn’t flipped. If the bulls can reclaim and defend $0.0000107, a short-term recovery may unfold. Fingers crossed! 🤞

However, failure to hold current levels could send PEPE tumbling toward $0.00000855. It’s a wild ride, folks! 🎢

For now, the memecoin walks a tightrope, flanked by conviction buys and a very real downtrend. Let’s hope it finds its balance! 🤹‍♀️

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2025-06-18 15:09