Key Takeaways
- A whale transferred 2.319 trillion PEPE worth $25 million from Robinhood to an unknown wallet.
- 79.53% of Binance traders have taken long positions in PEPE.
- Price action suggests a 39% uptick could be possible if the meme coin holds above the $0.0000105 level.
The recent dip in Pepe (PEPE) appears to have been seized by a whale, raising the possibility of a potential price reversal in the coming days. On September 17, 2025, blockchain transaction tracker Whale Alert shared a post on X noting that a crypto whale transferred 2.319 trillion PEPE worth $25 million.
PEPE Accumulation and Price Action
This substantial PEPE transfer took place from the Robinhood crypto exchange. It comes ahead of the Fed meeting scheduled for today and at a time when the meme coin is retesting the breakout of the descending trendline along with the 50-day Exponential Moving Average (EMA).
Despite potential accumulation, PEPE’s price is still struggling to gain momentum. Currently, it is trading near $0.00001085, having climbed a modest 0.65%. This upside momentum appears to be supported by traders and investors, which has propelled PEPE’s trading volume up by 45% compared to the previous day.
On-Chain Metrics Highlight Strong Buying Activity
Looking at the current market sentiment, the on-chain analytics tool CryptoQuant reveals that buyers are aggressively participating in PEPE. Data from Spot Taker CVD (Cumulative Volume Delta) shows that between September 9 and 15, 2025, all bars were green, highlighting consistent buying pressure dominating every single day.
Meanwhile, the strongest buying activity by the bulls was recorded on September 13, 2025, as it holds the largest bar of the past week.
Adding to the bullish strength, data from on-chain analytics tool Coinglass reveals that Binance traders have gone wild for PEPE. Over the past 24 hours, 79.53% of Binance traders have opted for long positions, while 20.47% have taken short positions.
Technical Outlook: Key Levels to Watch for PEPE
TimeCrypto’s technical analysis reveals that PEPE is in an uptrend, having broken out of a prolonged descending trendline and now hovering above the 50 EMA. On the daily chart, it appears that the meme coin is retesting these levels.
Based on the current price action, if PEPE’s bullish momentum continues and the price holds above $0.0000105, the meme coin could rebound. If this happens, PEPE may open the path for a 39% price uptick and potentially reach the $0.000015 level in the future.
Despite the ongoing price correction, PEPE’s Supertrend indicator is still in green and hovers below the meme coin. This suggests that the asset is in an uptrend with strong buying activity.
Expert’s Bold Price Prediction for PEPE
Amid this bullish outlook, an expert shared a bold price prediction for PEPE. In a post on X, the expert stated that PEPE’s target is 40X. The visual shows that on the higher time frame, PEPE is hovering within an ascending channel pattern between the upper and lower boundaries.
However, the price is now consolidating near the lower boundary, which has a history of triggering price reversals and upside momentum.
