- Dormant whale withdraws 1.79T PEPE tokens worth $22.23M from Binance, signaling strategic accumulation amid market rally.
- PEPE breaks out of a bearish channel, climbing from $0.00000085 to test key resistance at $0.00000130-$0.00000160.
- Symmetrical triangle shows PEPE consolidation; trading volume hits $966M as price eyes $0.00001600 amid bullish sentiment.
A crypto whale reemerged after two years, withdrawing 1.79 trillion PEPE tokens worth $22.23 million from Binance. The activity marks a substantial shift in token custody, suggesting possible strategic accumulation amid PEPE’s latest rally.
Whale Awakening and Massive PEPE Transfers
A large Ethereum address, dormant for over two years, recently moved 1.79 trillion PEPE tokens to a new self-custody wallet. “A whale woke up after 2 years of dormancy, created a new wallet, and withdrew 1.79T $PEPE ($22.23M) from #Binance,” stated Lookonchain in a post. The address in question, 0x6ea4…FE0 received these tokens across four large transactions.
Three separate inflows originated from two Binance hot wallets, with the largest being 1.156 trillion PEPE valued at $14.37 million. A second transaction brought in 633.44 billion PEPE, worth $7.87 million, while a smaller 9.8 million PEPE transfer was valued at just $121.53. The wallet also received 3 ETH worth $7,460 from 0x14d5…8803F.
The sending wallet has a history of holding significant altcoins and ETH, with past inflows of UNI, 1INCH, and PEOPLE tokens. Two years ago, it received 400 UNI worth $1,890 and 909.75 1INCH tokens worth $276.95 from a MetaMask-linked address. Additionally, the wallet handled over $800,000 in PEOPLE and ETH transfers during its active phase three years ago.
PEPE Breakout and Investor Sentiment
The whale’s movements coincide with PEPE’s confirmed breakout above a descending channel, signaling bullish market sentiment. According to CW, PEPE broke out of a bearish structure in early May 2025, climbing from a base at $0.00000085 to test resistance near $0.00000130. The pattern suggests further momentum with targets above $0.00000160.
Price action has been supported by increased volume, aligning with the breakout and rally. Key resistance zones remain at $0.00000130 and $0.00000160, while support levels are seen at $0.00000100 and $0.00000080. These zones reflect historical buying interest, reinforcing investor confidence in current market conditions.
Trading Patterns Point to Continued Upside
The symmetrical triangle forming in lower timeframes shows consolidation amid a rising trend. PEPE is trading around $0.00001350 with breakout potential toward $0.00001600 or even $0.00001800. Support lies near $0.00001260 and $0.00001139 in the event of a reversal.
CoinMarketCap data shows PEPE up 7.83% in 24 hours, with a $5.58 billion market cap and 434,690 wallet holders. Trading volume reached $966.32 million, reflecting a 17.28% volume-to-market cap ratio as of the latest data.