Pepe Coin Whale Activity Spikes 257% — Is a Major Price Peak Just Around the Corner?

Updated

May 15, 2025

Gambar Pepe Coin Whale Activity Spikes 257% — Is a Major Price Peak Just Around the Corner?

Jakarta, Pintu News – The price of Pepe Coin is currently at $0.00001399, a decrease of 3.19% in the last 24 hours. This decline is in line with the daily correction experienced by Bitcoin , which raises the risk of a drop below the $102,000 level.

Interestingly, there was a spike in transaction activity by crypto whales of up to 257%, which could be a signal that PEPE prices may have peaked. The question now is: will this sell signal trigger a sharp correction of up to 25% in the near future?

Bitcoin’s Weakness Signals Potential Crypto Market Correction

As of May 14, 2025, Bitcoin price has risen 1.15% to $103,814, but is still struggling to break through the strong resistance at $104,000. The low-volume zone indicates a potential correction to the $102,000 area, which was the previous high-volume zone.

If the price of BTC falls below that level, there is a possibility of a further correction towards the $102,600 to $93,100 range, where Bitcoin could enter a consolidation phase for a few weeks.

This drop is expected to have a wide-ranging impact on the crypto market, including Pepe Coin (PEPE) and other altcoins. As the consolidation phase unfolds, the risk of a drop to $93,100 could trigger a deeper market correction, especially on meme coins which are known to be highly volatile.

Therefore, with the weak movement of Bitcoin as the market leader, PEPE prices are likely to come under pressure and decline in the coming weeks.

Have Whales Started Selling Ahead of Potential Correction?

After the strong rally that occurred last week, a surge in transactions by Pepe Coin (PEPE) whales is now fueling concerns that a price peak may be near.

In historical patterns, an increase in transactions by whales after a sharp rise is often a signal that the price is forming a top. Conversely, a surge in whale activity after a decline often indicates a bottom is forming.

Data from IntoTheBlock shows that on May 12, the number of transactions worth more than $100,000 reached 720 times, coinciding with PEPE’s price peak at $0.000015.

Historically, price peaks tend to occur when the number of whale trades breaks the 800-trade mark – a signal that the whales are starting profit-taking.

This spike in activity, which was also recorded in May, November and December 2024, is often an early indicator of a market top forming. If this pattern repeats itself, PEPE may soon enter a correction phase after last week’s market euphoria.

Pepe Coin Price Analysis Hints at Potential Breakdown of Double Top Pattern

The price of Pepe Coin (PEPE) surged 100%, from $0.0000075 to $0.000015 between May 6 and 12. However, the meme coin failed to break the psychological resistance at $0.000015, and is now moving sideways with $0.00001274 as the baseline or support point.

This horizontal movement formed two price peaks, which is an early indication of a double top reversal pattern with a downside potential of 7.42%.

To confirm this bearish pattern, PEPE prices need to drop and break the short-term support line at $0.00001274. A four-hour candle close below that level is required to technically confirm the breakdown.

If the breakdown occurs, this double top pattern signals a potential further correction to $0.00001063 (about 25% of the peak), calculated based on the height of the double top pattern drawn from the neckline.

Technically, the Relative Strength Index (RSI) indicator showed a bearish divergence, dropping from the overbought zone to the centerline while prices were still moving up. In addition, the MACD and signal lines also started to fall after a negative crossover, reinforcing the signal that selling pressure is mounting.

However, if the price of PEPE is able to bounce and break the $0.000015 level again, this double top pattern will be canceled.

Based on Fibonacci analysis, the 23.60% level coincides with the $0.000015 zone and opens up further upside opportunities to $0.00001792 if the trend reverses-according to PEPE’s price projections going forward.

Although the Pepe Coin (PEPE) price rally has been restrained in the short term, optimism in the futures market remains high and indicates expectations of a continued uptrend.

Open Interest (OI) stood at $583 million, close to a record high, signaling traders’ keen interest in the asset.

However, along with the increased enthusiasm comes the concern of over-optimism. Currently, 72% of PEPE traders on Binance hold long positions, pushing the Long/Short ratio to 2.57-indicating a very bullish market bias.

Also read: 3 New Crypto Tokens in Solana that Got the Spotlight in May 2025

On the other hand, the surge in whale transactions that reached 720 transactions further strengthened the signal of a double top pattern, which could push the price towards $0.00001063.

With Open Interest approaching $600 million, the combination of technical signals and on-chain data warns of a potential wave of liquidation of long positions in the near future if selling pressure increases.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: