Pepe Whale Dumps 1 Trillion Tokens Worth $11 million

Key Highlights

• Pepe whale sells 1 trillion tokens worth $11.65 million

• Despite high outflow from whales, market shows signs of a rebound

Pepe Whale Dumps 1 Trillion tokens worth 11 million

According to Onchain Lens, a pepe whales are selling again. Pepe Whale Dumps 1 Trillion Tokens Worth $11 million.

The whale sold these tokens via Binance after holding them for just 21 days. This move is particularly interesting because this same wallet had previously withdrawn 2.209 trillion PEPE, then valued at $27.68 million.

PEPE token experiences a significant whale transaction, with 1 trillion tokens worth $11.65 million transferred from a "Token Millionaire" account to Binance, as shown on the trading chart.

After the recent deposit, the whale still holds around 1.2 trillion PEPE, worth $14 million — realizing an approximate loss of $1.95 million on the amount already sold.

Read also: Pepe whales buy the dip

Whale behavior often serves as a sentiment signal. In this case, the partial exit might indicate caution, but the fact that the whale continues to hold a large stash suggests they may be waiting for a better market opportunity to exit or even reaccumulate if prices dip further. 

This is because Pepe whales have generally taken a step back in the market. Over the past day, whales sold a total of 1.5 trillion while buyers acquired 1.7 trillion. Pepe Whale Dumps 1 Trillion Tokens Worth $11.65 million. This is a low amount of tokens held by whales that are exiting or entering the market. Pepe Whale Dumps 1 Trillion Tokens Worth $11.65 million

Pepe Demand Soars

Although whales are selling, markets and other investors are showing optimism. According to data from Coinglass, there's a noticeable shift in netflows on the PEPE spot market.

While outflows dominated for much of the recent downtrend, we’re now starting to see brief but sharp inflow spikes, suggesting that fresh capital is entering the market. These inflows are being met with some resistance, but they signal that buyers are not entirely out of the game. Pepe Whale Dumps 1 Trillion Tokens Worth $11.65 million.

One particularly bullish signal is the 4.7 trillion token spot buy volume recorded in the last 24 hours.

Chart depicting PEPE's netflow and price fluctuations over time, highlighting significant peaks and troughs in both metrics as of January 22, 2025.

The buying spree in the spot market has sent Pepe's spot netflow into negative territory for 7 days consecutive. This suggests significant accumulation from other players in the market.

Pepe Derivatives Data Analysis: Volume rises by 4.75% to $1.74B while open interest increases by 1.63% to $492.82M. Trading ratios indicate a balanced long/short position.

Additionally, PEPE’s derivatives market is also showing signs of life. Volume rose by 5.03% to $1.76 billion, and open interest climbed 0.82% to $489.37 million, showing traders are opening new positions.

The long/short ratio remains almost neutral at 1.0028 globally, but on OKX, it's a much more bullish 1.71  indicating that traders on that platform are leaning long in a significant way.

This uptick in open interest combined with increased volume suggests that traders are preparing for volatility. Whether this leads to a breakout or a deeper correction depends on upcoming price action. Pepe Whale Dumps 1 Trillion Tokens Worth $11.65 million

What To Expect Next on Pepe's Price Charts

Accordingly, technical Indicators Hint at Potential Rebound. Technically, PEPE is showing early signs of a possible rebound.

On the daily chart, the Stochastic RSI is giving a stronger signal, with the %K line (blue) crossing above the %D (orange) from the oversold region typically a short-term bullish sign. 

Pepe/USD price chart showing daily trends with key technical indicators, including the RSI and Stochastic RSI, highlighting recent market activity and trading volumes.

This metric spiked to make a bullish crossover signaling a strengthening uptrend.

This upward move will be strongly validated if RSI makes a strong and also makes crossover.

Currently, RSI is sitting at 47.24, suggesting that while the coin is not yet in bullish territory, it's recovering from being slightly oversold.

If momentum continues and the RSI crosses above 50, it could mark the beginning of a sustained upward move. 

The move from here will see Pepe try to move towards $0.000012.