šØ PEPE SURGES AS $51 MILLION WHALE POSITION SHOCKS THE MARKET šøš
$PEPE jumped nearly 12% in 24 hours, climbing towards the critical $0.000005 resistance levelāand one enormous wallet story may be fuelling the rally.
Blockchain analytics firm Arkham reports that wallets linked to TRON founder Justin Sun hold approximately:
šø 11.85 trillion PEPEš° Worth roughly $51.25 millionš Equal to about 2.82% of PEPEās total supply
That would make Sun the largest known individual PEPE holder outside exchanges, although some of the wallets were attributed through blockchain analysis and Sun has not publicly confirmed the holdings.
The bullish argument:
ā Large withdrawals from exchanges can indicate accumulation
ā Whale interest is attracting fresh attention
ā Futures activity and trading volume are climbing
ā PEPE is outperforming the broader crypto market
But there is also a serious risk:
ā ļø Nearly 3% of the supply may be concentrated in wallets linked to one person
ā ļø A large exchange deposit or sale could create significant downward pressure
ā ļø Another whale has already transferred approximately $1.64 million in PEPE to Coinbase, possibly preparing to sell, although a transfer alone does not prove a sale occurred. (crypto.news, coinpaper.com)
PEPE now faces a major test around $0.000005. A convincing breakout could strengthen momentum, while rejection may trigger profit-taking.
Is this the beginning of PEPEās next major rally, or are retail traders about to become exit liquidity for the whales? š
#PEPE #CryptoWhale #Memecoin #CryptoNews #CryptoMarket
$PEPE jumped nearly 12% in 24 hours, climbing towards the critical $0.000005 resistance levelāand one enormous wallet story may be fuelling the rally.
Blockchain analytics firm Arkham reports that wallets linked to TRON founder Justin Sun hold approximately:
šø 11.85 trillion PEPEš° Worth roughly $51.25 millionš Equal to about 2.82% of PEPEās total supply
That would make Sun the largest known individual PEPE holder outside exchanges, although some of the wallets were attributed through blockchain analysis and Sun has not publicly confirmed the holdings.
The bullish argument:
ā Large withdrawals from exchanges can indicate accumulation
ā Whale interest is attracting fresh attention
ā Futures activity and trading volume are climbing
ā PEPE is outperforming the broader crypto market
But there is also a serious risk:
ā ļø Nearly 3% of the supply may be concentrated in wallets linked to one person
ā ļø A large exchange deposit or sale could create significant downward pressure
ā ļø Another whale has already transferred approximately $1.64 million in PEPE to Coinbase, possibly preparing to sell, although a transfer alone does not prove a sale occurred. (crypto.news, coinpaper.com)
PEPE now faces a major test around $0.000005. A convincing breakout could strengthen momentum, while rejection may trigger profit-taking.
Is this the beginning of PEPEās next major rally, or are retail traders about to become exit liquidity for the whales? š
#PEPE #CryptoWhale #Memecoin #CryptoNews #CryptoMarket
