Whale's 500M-Pepe-Coin Buy Ignites 13% Weekly Rally

A significant event unfolded in the cryptocurrency market this Thursday as a prominent whale acquired 500 million Pepe Coin tokens. This substantial purchase was executed through a newly created wallet, which withdrew the tokens from Binance. The move has ignited considerable optimism among market participants, reflecting a bullish sentiment towards the frog-themed meme coin.

The whale's accumulation of 500 million tokens has sparked a wave of optimism, aligning with the current scarcity of tokens on centralized exchanges and increasing buying pressure. This development has led market participants to anticipate significant price gains for Pepe Coin in the near future. The meme coin has already shown impressive performance, with a 10% increase over the past week, outperforming even Bitcoin during this period.

The broader meme coin sector has also witnessed remarkable gains, further bolstering the optimistic outlook. The massive accumulation by the whale has added to the positive sentiment, with traders and investors closely monitoring the potential future movements of Pepe Coin. Despite the significant accumulation, the price of PEPE experienced a slight intraday decline of over 2%, reaching $0.000008531. However, the weekly chart indicates a rally, with the price up by 13% over the past seven days.

Renowned market trader JakeGagain noted that PEPE's bottom is now over, following a short-lived bear market that reduced the meme coin's market cap to $2.1 billion. The token has since recovered, reaching a market cap of $3.59 billion at the time of reporting. According to the analyst, Pepe Coin is poised to be one of the best performers of the 2025 bull cycle, with a parabolic run expected in the pipeline. Another analyst, Charting Guy, predicted that Pepe Coin could reach Fibonacci levels at 2.618, potentially targeting a price of $0.00012.

These predictions, while optimistic, highlight the potential for significant price movements in the near future. The actions of large investors, such as the recent whale accumulation, often set the tone for market trends and can influence the direction of cryptocurrency prices. As the market continues to evolve, the impact of this substantial purchase on Pepe Coin's future trajectory remains a topic of keen interest among investors and analysts alike.