PEPE Whales Continue Accumulation: Can The Meme Coin Breach Its ATH?

PEPE Whales Accumulating: Can the Meme Coin Reach New Heights?

According to blockchain analytics firm Lookonchain, a single whale address has withdrawn 337.09 billion PEPE coins, worth approximately $6.92 million, from Binance over the past 20 days. This substantial withdrawal suggests strategic positioning by large investors.

PEPE's recent performance has been impressive:

• 2.3% gain in the last 24 hours
• 13.5% gain over the past week
• 2.9% appreciation over two weeks
• 1,500% yearly return, indicating sustained buyer interest

Currently trading at $0.00002091, PEPE is just 15% below its all-time high of $0.00002457, reached on November 14, 2024.

Potential for Growth

Market analysts believe PEPE's current behavior mirrors historical bull market patterns, particularly Dogecoin during the last cycle. They emphasize:

• Strong correlation with Ethereum's price movements
• Seasonal patterns suggest PEPE is entering its strongest period

• Key factors supporting potential price appreciation:

  • Correlation with Ethereum's historically bullish Q1 performance
  • Sustained institutional accumulation
  • Technical breakout patterns forming
  • Growing mainstream recognition

Robust support levels and whale accumulation provide price stability.

Mainstream Recognition

CNBC recently highlighted PEPE and Solana's CHILLGUY as "very good investments." This traditional finance recognition validates PEPE's legitimacy and could attract new investors.

Metrics to Watch

As PEPE approaches its all-time high, market participants monitor:

• Continued whale accumulation
• Institutional fund flows
• Technical breakout signals
• Correlation with Ethereum performance

The combination of these indicators suggests PEPE has the potential to surpass its November 2024 peak.