Key Takeaways
- A crypto whale added 1.52 trillion PEPE at the $0.00001051 level.
- Price action suggests that PEPE is mirroring its past rally, if this occurs, a 40% rally could be possible.
- PEPE’s major liquidation levels are at $0.00001029 and $0.00001091.
The whale interest in Pepe (PEPE), the third-largest crypto meme coin, has soared after it broke out of a bullish pattern. Data from crypto tracker Lookonchain reveals that a newly created wallet address “0x700E” purchased 1.52 trillion PEPE worth $15.95 million from the centralized exchange Kraken.
Whale Scoops 1.52 Trillion PEPE
This substantial PEPE purchase was made at an average price of $0.00001051. The whale didn’t stop there, as it transferred 2 billion PEPE to Binance and another 161.39 million PEPE to the wallet address “0x9FC5.”
Besides the notable purchase, PEPE’s price remains unchanged. At press time, the meme coin is trading near $0.00001051, up 0.60% over the past 24 hours. However, investors and traders have shown renewed interest, as PEPE’s trading volume during the same period jumped 9% compared to the previous day.
PEPE Mirror July’s 40% Breakout
The crypto whale’s PEPE accumulation appears to follow the recent breakout. According to TradingView’s daily chart, the PEPE meme coin is mirroring its previous descending trendline breakout, recorded in July 2025.
At press time, the meme coin has successfully broken out of trendline resistance, but the rally is yet to come. During the July breakout, PEPE recorded nearly a 40% price uptick and reached the key resistance level of $0.00001451.
This time, if PEPE sustains the breakout, there is a strong possibility that the meme coin could mirror its past performance and register a 40% gain.
Technical Indicator Flashes Bearish Signal
However, both technical indicators, Supertrend and the Average Directional Index (ADX), are flashing signs of weakness in the meme coin.
At press time, Supertrend remains in red and hovers above the meme coin’s price, signaling a continued downtrend. Meanwhile, the ADX value stands at 18.98, below the key threshold of 25, highlighting weak momentum in the asset’s trend.
The open interest in the meme coin has reached $690.59 million, its highest level since August 2025, according to on-chain analytics firm Coinglass. This indicates growing trader participation following the bullish breakout, which could lead to higher volatility in the meme coin’s price.
PEPE’s Major Liquidation levels
Coinglass data further shows that PEPE’s major liquidation levels are at $0.00001029 on the lower side and $0.00001091 on the upper side, with traders appearing over-leveraged at these levels.
In the current market, if sentiment remains unchanged and the price falls to $0.00001029, a massive $3.43 million worth of long positions could be liquidated.
Conversely, if sentiment shifts and the meme coin’s rally begins, pushing the price above $0.00001091, approximately $5.51 million worth of short positions could be liquidated.
This makes it clear that bears are currently dominating the meme coin, while bullish interest appears to be fading.
