Ethereum News Today: Whales Stash $3M in PEPE as Meme Coin Eyes 400% Surge

Pepe Coin (PEPE) has captured significant attention in the meme coin market, with analysts and traders speculating on its potential for substantial price growth. Recent whale activity suggests that Pepe Coin could experience considerable upward movement. A recent on-chain report noted that a whale transferred 500 billion PEPE tokens from Binance, valued at roughly $2.96 million, signaling strategic accumulation. Such movements are often precursors to price surges, as whales tend to buy in anticipation of market rallies. Analysts suggest that with continued demand and a relatively limited supply, Pepe Coin could see price increases of up to 400% from its current level [1].

The price of PEPE currently hovers around $0.00001000, holding key support levels amid market volatility. On-chain data indicates more than 480,000 holders, and the descending wedge pattern suggests a potential breakout if bullish momentum continues. The Relative Strength Index (RSI) is near 43, indicating potential for a further upward trend. If bulls manage to push PEPE above $0.00001200, it could trigger a short-term rally. Fibonacci resistance levels at $0.00001327 and beyond remain key targets, with analysts noting the possibility of a sustained recovery following months of sideways movement [2].

In the broader cryptocurrency context, Ethereum has also drawn attention, with price predictions suggesting it could reach $5,500 in the coming weeks. Increased institutional investment and favorable market conditions are cited as key drivers behind this bullish forecast. While uncertainties such as market instability remain, Ethereum’s technological advancements and growing adoption suggest the potential for continued growth [1].

Layer Brett (LBRETT), another emerging token in the meme space, is gaining traction as the next step in meme coin evolution. Built on Ethereum’s Layer 2 framework, Layer Brett aims to address the scalability and gas fee challenges that plague the Ethereum network. The project offers fast transactions and minimal gas costs—often just a few cents—compared to the sometimes exorbitant fees on the mainnet. Additionally, presale participants are incentivized with staking rewards of up to 1.4K%, with annual yields potentially exceeding 400%. The token’s limited supply of 10 billion tokens and forward-looking tokenomics position it as a potential market leader in the Ethereum Layer 2 space [1].

Analysts also highlight the broader context of Ethereum Layer 2s, which are projected to manage more than $10 trillion in transactions annually by 2027. Layer Brett, with its innovative approach and community-driven incentives, is viewed by some as a strong contender to capture a significant share of this market. Its community-focused initiatives, including a planned $1 million giveaway, further underscore its commitment to growth and engagement [1].

In summary, while Pepe Coin is showing signs of consolidation and potential upward momentum, it is being closely watched alongside Ethereum and emerging projects like Layer Brett. These developments highlight the dynamic nature of the meme coin and altcoin markets, where whale activity, technological innovation, and community-driven initiatives are key drivers of price movements and investor sentiment.

Source: [1] ETH Targets $5500 While Pepe Coin and Layer Brett Eye ... (https://crypto-economy.com/ethereum-price-prediction-eth-targets-5500-while-pepe-coin-and-layer-brett-eye-400-gains/) [2] Pepe Price Set To Crash; Shiba Inu Price Prediction In ... (https://www.cryptopolitan.com/pepe-price-set-to-crash-shiba-inu-price-prediction-in-2025-why-this-new-altcoin-could-50x-by-january/)