Can PEPE Hit $1? New Whale Accumulation Sparks Bullish Price Prediction
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A crypto whale has ignited fresh excitement in the meme coin world by scooping up a staggering 1.5 trillion PEPE tokens – worth roughly $13.5 million – in a single on-chain transaction.
According to blockchain analytics from LookOnChain and Arkham, the tokens were withdrawn from Binance to a private wallet (0x3c9e…) in one clean sweep on April 30.
This strategic move marked the whale’s first-ever position in PEPE and immediately caught the attention of traders given the whale’s previous success – netting over $14 million in WBTC profits from low buys and high sales.
The transaction comes from a wallet currently holding around $147 million in assets.
Technical Breakdown: What the Charts Are Telling Us
PEPE appears to be forming a rising wedge – a typically bearish reversal pattern. The price is currently testing the lower trendline of this wedge, hinting at an inflection point.
The RSI currently hovers at 42.81, approaching the oversold region. Although there’s no confirmation of a bullish reversal yet, a bounce could materialize if buy pressure increases at wedge support.
The MACD shows bearish momentum gaining traction. The MACD line is nearing a cross below the signal line while the histogram bars are flipping red.
PEPE 4H Chart. Source: TradingView
If PEPE defends the lower wedge trendline and volume rises – possibly from renewed whale activity or broader meme coin hype – a breakout toward the upper wedge boundary could push prices toward $0.00000950, with a strong extension targeting $0.00001120 as sentiment builds.
A breakdown from the rising wedge could lead to a sharp retracement. The first support zone lies near $0.00000800, and a breach below that could see PEPE decline toward $0.00000700 or even $0.00000650, erasing a good portion of its recent gains.
The idea of PEPE reaching $1 would require an astronomical market cap. The current price action combined with strong whale accumulation suggests traders could see meaningful upside, even if a $1 target remains a meme-driven long-shot rather than a fundamental possibility.
AI Project Emerges as an Investor Magnet amid PEPE Whale Activity
As PEPE surges in popularity among whales, MIND of Pepe ($MIND) is gaining attention as a next-generation autonomous AI Agent built to ride the wave of meme culture while leveraging real AI utility.
The project’s core mission is to monitor, analyze, and interact with trending crypto narratives – especially across social platforms like X (formerly Twitter) – to uncover early opportunities and deliver insights directly to its holders.
Source: MIND of Pepe
This blend of blockchain and AI has already captured strong interest, with MIND of Pepe raising an impressive $8.64 million in its ongoing presale.
Notably, MIND of Pepe is the first true AI Agent altcoin, offering presale participants early access before full blockchain deployment and the Alpha terminal launch.
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