- Whale holds 1.5T PEPE withdrawn from Binance, indicating possible long-term positioning amid steady exchange outflows.
- PEPE trades near $0.00000965 resistance, with bullish momentum building after forming higher lows since early March.
- 74% whale concentration and a 0.97 BTC correlation suggest strong institutional interest and market-linked movement.
A large whale wallet recently withdrew 1.5 trillion PEPE tokens, worth $13.3 million, from Binance, according to Lookonchain. This movement came from an address holding over $147 million in assets.
Whale transactions of this scale often lead to speculation, especially when paired with consistent token outflows. These outflows suggest holders prefer to move PEPE to private wallets, a possible hint at long-term positioning.
Kakashi also flagged an older wallet that acquired $27 worth of PEPE during its early phase. That same wallet is now valued at over $22 million. However, due to a blacklist restriction, the owner cannot sell, which has prevented a large-scale liquidation event.
Strong Holder Activity and Whale Concentration
According to IntoTheBlock, PEPE’s price is at $0.000009, a 0.92% daily gain. Its market cap is at $3.72 billion. The profit distribution shows that 44% of holders remain in profit, while 48% are currently at a loss.
Notably, PEPE’s large holder concentration is at 74%, pointing to whale control over the majority of the circulating supply. Holders’ behavior shows a longer-term trend. Roughly 64% have held between one to twelve months, while 31% retained positions for over a year.
The price correlation with Bitcoin is at 0.97, showing that PEPE closely follows BTC’s movements. In the past seven days, large transaction volumes totaled $450.52 million, supporting ongoing interest from high cap players.
Consistent Outflows and Upward Price Recovery
From July 2024 through April 2025, a dominant trend of exchange outflows. Red bars, representing net outflows, have remained steady since October. These patterns, especially since March, align with a price increase, pointing to accumulation behavior.
Notably, April had a consistent upward price curve paired with moderate outflows. Two major spikes occurred during this period. A $150 million inflow in November 2024 was followed by a December rally.
In contrast, a $90 million outflow in mid January aligned with a sharp price drop, likely from profit taking. Currently, exchange outflows continue, but at lower volumes, showing a calmer accumulation phase.
Breakout Risk as Price Nears Resistance
PEPE is trading above the Bollinger middle band of $0.00000803 and is nearing the upper band at $0.00000965. This suggests increasing buying strength.
The accumulation/distribution (A/D) line is at 1,022.78T and has risen steadily since March, showing strong accumulation from the market. PEPE’s trend since early March shows a change.
After reaching a low of $0.00000641, the price has steadily climbed, forming higher lows. The next test is at the $0.00000965 resistance level. If broken with volume support, PEPE could climb toward $0.00001050. However, failure may lead to a decline near $0.00000803 or as low as $0.00000750.
