TLDR
- Two whales have bought a combined 480 billion PEPE tokens within 24 hours – one withdrawing 280B ($5M) from Binance, another buying 200.4B for 3.72M USDC
- PEPE token is trading down 3.59% at $0.00001724, showing a monthly decline of 28.97%
- Last week saw a major whale dump of 85 billion PEPE tokens worth 1.51M USDC
- Market indicators show increased trading volume (up 16.53%) despite bearish sentiment
- The massive whale accumulation has not yet impacted price movement positively
Recent blockchain data has revealed substantial whale movement in the PEPE token market, with two major addresses acquiring over 480 billion tokens within a 24-hour period. The purchases come at a time when the token trades near monthly lows.
Blockchain analytics platform Spot On Chain has identified two separate transactions of note. The first involves wallet address 0x8f5, which executed a direct withdrawal of 280 billion PEPE tokens from Binance cryptocurrency exchange, valued at approximately $5 million at current market rates.
A second wallet, identified as 0xb1a, deployed 3.72 million USDC to purchase 200.4 billion PEPE tokens through decentralized markets. The combined movements represent one of the largest accumulation events for the token this month.
Market data shows PEPE currently trading at $0.00001724, marking a 3.59% decline over the past day. The token has experienced broader weakness over recent weeks, with a weekly decline of 17.93% and a monthly drawdown of 28.97%.
The timing of these purchases follows a notable selling event from the previous week, where market participants observed a whale address liquidating 85 billion PEPE tokens for roughly 1.51 million USDC.
Trading metrics indicate increased market activity, with 24-hour volume rising 16.53%. Open interest in PEPE derivatives has shown a modest uptick of 0.41%, suggesting renewed trader attention.
Historical analysis of wallet 0x8f5 reveals previous trading activity resulting in approximately $1.45 million in unrealized losses. Despite this track record, the address holder has chosen to increase their exposure substantially.

Market data providers report current volatility levels around 10.13%, while sentiment indicators like the Fear & Greed Index register 62 points, suggesting cautious market conditions.
Order book analysis across major exchanges shows balanced trading activity, with the large whale accumulation yet to produce notable price impact. Selling pressure continues to influence short-term price movement.
The PEPE/USDT and PEPE/USDC trading pairs maintain consistent pricing across exchanges, indicating efficient market operation despite the large-scale token movements.
Distribution analysis shows an increasing concentration of tokens among larger holders following these transactions, representing a measurable shift in ownership patterns.
Technical indicators continue to show bearish market structure, even as major holders increase their positions through these substantial purchases.
Exchange flow data confirms the withdrawal patterns, with Binance recording one of its largest single PEPE token outflows during the 280 billion token movement.
On-chain metrics indicate normal network activity outside of these major transactions, with regular retail trading continuing at typical volumes.
The most recent blockchain data shows both whale addresses maintaining their positions, with no further substantial movements recorded after the initial acquisitions.
The market capitalization adjusts in line with current price movement, though exact figures fluctuate due to the token’s large circulating supply.
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