There are reports indicating that some large addresses on the Ethereum network have increased their holdings of PEPE in recent months. For example, it was found that the “top 100 addresses” of PEPE increased their holdings by ~4.28% over 30 days.
At other times, there were instances of large amounts of PEPE being pumped to trading platforms (exchanges), indicating a “distribution” or perhaps selling by major investors, rather than “burning”. For instance, recent analyses reported that the flows of the currency to the platforms reached the highest level in 30 days, reflecting selling pressure.
In other words: whales sometimes “accumulate” (buy) PEPE, and at other times “redistribute/sell” — this shows that their activity is not consistently one-directional (buying or burning).
🔥 Is there an actual “burn” (Burn) for PEPE?
Many discussions in investor communities — including Reddit and others — state that PEPE does not have a formal and reliable mechanism for “automatic burning” in every transaction, or that any claim of large burns has not been publicly and transparently documented. An example from one of the contributors:
> “The pepe token official website states there is no tax.”
Even in the forums themselves, some users are skeptical:
> “Total circulating supply has and will show 420.69 T tokens bud.”
There is no known official entity or reliable report showing a significant reduction in the total supply of PEPE in the market as a result of a “mass burn” — thus the claim that whales are “burning massive amounts now” is considered uncertain at best, and perhaps just speculation or rumor.
🧑💼 Analysts' and market experts' opinions on the future of PEPE
Some analyses talk about a potential “technical momentum”: some believe that PEPE could benefit if the price breaks certain resistances, especially with some whale accumulation.
But at the same time — as a recent analysis pointed out — the currency faces a risk of decline if it does not maintain important support levels, as selling pressures and flows to exchanges (or “distribution from whales”) remain.
From a methodological perspective, the risks of meme coins in general, a recent scientific study showed that concentrated ownership distributions (due to whales) + price dependence on “hype/community sentiment” make such currencies “fragile” — that is, susceptible to large fluctuations or sudden collapses, compared to traditional currencies or projects based on technical/economic utility.
🎯 My opinion based on the data now
In my opinion: no — there is currently no reliable evidence that whales are “burning massive amounts of PEPE” in an organized or official manner. What we see most is “buying/accumulating” at times, and “selling or distributing” at other times.
PEPE remains a meme coin — meaning its price largely depends on sentiment, speculation, and ownership distribution, not on a technical project or stable economic use. This makes it high-risk.
If you are thinking of investing in it — it may be wise to treat it as a “high-risk bet” rather than a “guaranteed” investment.
