Pepe Price Prediction: $1.2B Volume Surge as Middle East Crisis Escalates – What Are Whales Plotting?
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As geopolitical tensions flare in the Middle East and crypto markets reel from volatility, PEPE – the meme coin that once lit up trading floors with its parabolic run – finds itself at a critical crossroads.
With over $1.2 billion in trading volume flooding into the market and a prominent whale recently offloading 2.2 trillion tokens at a $3.5 million loss, investors question if a bigger PEPE sell-off is on the horizon.
Whale Capitulation Sends Shockwaves
According to on-chain tracker Lookonchain, the whale behind wallet address 0x6ea4…FE0 has fully exited their 2.2 trillion PEPE token position.
The process began in mid-May when they withdrew this massive amount from Binance – then worth a staggering $27.64 million – and concluded on June 18 with a final 600 billion token deposit back to the same exchange address.
PEPE whale 0x6ea4 deposited the last 600B $PEPE($6.04M) to #Binance 50 minutes ago.
A month ago, the whale withdrew 2.2T $PEPE ($27.64M) from Binance, and has since deposited it back in three batches—on June 8, June 13, and June 18—taking an estimated loss of ~$3.5M.… pic.twitter.com/Y9i6HjAeS0
The whale wallet has ended up in a realized loss of approximately $3.5 million as PEPE crashed more than 15% in the past week. This exit happened in three major deposits: June 8, June 13, and finally, June 18.
On-chain records indicate substantial distribution, indicating not a panic dump but a measured sell-off by the whale. The final batch alone was worth $6.04 million.
Pepe Technical Analysis: Falling Wedge Signals a Potential Reversal
The 4-hour chart reveals a well-defined falling wedge pattern, a classic reversal setup. The price has been consistently testing the lower wedge support, which has held firm multiple times, suggesting seller exhaustion.
Source: TradingView
The RSI currently hovers near 44, rebounding from oversold territory. A sustained move above 50 would strengthen the case for bullish momentum.
The MACD shows early signs of a potential bullish crossover.
Overall, failure to hold the lower trendline around 0.00000950 could expose PEPE to deeper losses while if the falling wedge plays out as expected, the target stands at $0.00001100 key resistance.
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Source: BTC Bull Token
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The price of Pi Coin (PI) remains in a fragile state as the token braces for a massive supply shock: 337 million PI tokens – worth approximately $185 million – are set to be unlocked over the next 30 days, according to data from PiScan.
