TLDR

• Three PEPE whales purchased 689.79 billion PEPE tokens worth $4.3 million through TornadoCash
• PEPE’s price showed a 4.74% increase to $0.00000597, with the TD Sequential indicator flashing a buy signal
• PEPE/ETH chart shows a breakout pattern with PEPE gaining against Ethereum despite ETH trending downward
• Analysts predict a potential 50% price increase for PEPE following the breakout
• PEPE was the biggest gainer among top 100 coins with a 15.85% price increase and over $1 billion in 24-hour trading volume

Three major PEPE whale wallets have purchased a combined 689.79 billion PEPE tokens worth $4.3 million through TornadoCash, a privacy protocol. The purchases happened as technical indicators suggest a possible price rebound for the popular meme cryptocurrency.

The largest purchase came from wallet 0x7A7D, which bought 437.7 billion PEPE for $2.72 million (1,413.4 WETH). Wallet 0x9212 added 158.58 billion PEPE for $1 million, while wallet 0x7779 acquired 93.51 billion PEPE for $574,000.

These large buys show growing confidence in PEPE’s market outlook. When whales make such moves, they often reduce available supply and can create upward price pressure.

Trend Reversal?

The timing aligns with technical signals pointing to a potential trend reversal. The TD Sequential indicator has triggered a buy signal on PEPE’s daily chart, which many traders view as a reversal indication.

PEPE’s daily price closed at $0.00000597, marking a 4.74% increase. This price movement adds weight to the bullish case forming in the market.

PEPE Price

The recent low of $0.00000525 might represent price exhaustion, suggesting the downward pressure could be ending. Combined with the buy signal, these factors strengthen the reversal thesis.

If buyers continue to enter the market, PEPE could target $0.00000620 in the short term. A breakout above this level might push prices toward the $0.00000640-$0.00000660 range.

However, traders should watch for possible rejection at these levels. If rejected, PEPE might consolidate between $0.00000540 and $0.00000580 before making another move.

The PEPE/ETH chart also shows interesting developments. Analysts have noted that PEPE is gaining strength against Ethereum despite ETH’s downward trend, showing price decoupling.

This divergence suggests investors may be moving funds from larger cryptocurrencies into meme coins like PEPE. They may be seeking better short-term returns in the current market.

One analyst identified a “massive daily bullish divergence” on the PEPE/ETH chart. This technical pattern occurs when price moves opposite to an oscillator, often signaling a coming trend change.

PEPE/ETH $PEPE versus $ETH is breaking out.

a 50% plus move is imminent.

Massive daily bullish divergence. pic.twitter.com/3ZqpyLWunk

— XBTGengar (@XBTGengar) March 12, 2025

Based on this breakout pattern, the analyst predicts PEPE could see a price increase of over 50%. Current momentum appears to support this bullish outlook.

Transaction volume will be key to sustaining any upward movement. Large PEPE transactions have been relatively flat since February 2025, ranging between 400-600 trades before dropping to 278 on March 11.

The recent 7-day high of 304 large transactions still represents low activity compared to previous periods. For PEPE to move consistently above $0.00000060, increased whale activity would likely be needed.

At the time of reporting, PEPE is trading at $0.000007230, up 15.85% in the past 24 hours. Trading volume has exceeded $1 billion, representing a 13.41% increase, indicating growing market interest.

The meme coin currently ranks as the top performer among the top 100 cryptocurrencies by market value. This performance comes amid broader volatility in the cryptocurrency market.

A breakdown below the recent low of $0.00000525 would likely negate the buy signal. In that scenario, further selling could push PEPE toward $0.00000495 or lower.

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