A whale recently spent 2 million USDT to acquire 178.9 billion PEPE tokens, as shown by on-chain data. The accumulation happened through multiple transactions where around 44–45 billion PEPE were purchased in chunks of about half a million USDT each. This level of buying suggests that smart money is positioning for a potential move higher, adding confidence to retail traders who often follow whale wallets as market signals.
The interesting detail here is timing. The purchases came after a relatively quiet consolidation period, meaning this accumulation could be the first sign of a breakout attempt. When whales buy aggressively in down or sideways markets, they typically anticipate either a liquidity event or an upside rally.
Jerome Powell’s Jackson Hole speech, where he signaled a likely interest rate cut in September, indirectly adds fuel to speculative assets like PEPE. Lower rates weaken the dollar and push liquidity into risk-on markets, often boosting meme coins alongside stocks and mainstream crypto.
With inflation easing and the Fed turning slightly dovish, traders may rotate capital into high-volatility tokens for bigger returns. The timing of Powell’s comments, combined with a whale spending $2M on PEPE, creates a narrative that both macro policy and on-chain signals are aligning to support a potential rally in the coin.
Current Technical Setup on the Daily Chart
PEPE/USD Daily Chart- TradingView
The TradingView chart shows PEPE trading around $0.00001101 with slight pressure after a small rejection near $0.00001135. The Bollinger Bands are tightening, which indicates volatility compression and often precedes a sharp directional move.
Support levels can be seen near $0.00001075 and $0.0000098, both acting as buffers if price faces selling pressure. Resistance stands around $0.00001200, and a clean break above this level could push PEPE toward the mid-August highs closer to $0.00001400.
The Heikin Ashi candles show a mix of red-to-green transitions, signaling momentum is not yet decisively bullish but slowly shifting. The structure points to accumulation rather than distribution, aligning with whale activity.
PEPE Price Prediction: Short-Term Price Outlook
If buying volume continues, the immediate target for PEPE would be a retest of $0.00001200. Breaking through this ceiling could trigger momentum-driven buying and push price toward $0.00001400. On the downside, failure to hold $0.00001075 may bring a test of the psychological $0.00001000 level.
Given whale buying, the probability of a deeper breakdown looks limited for now. However, traders should keep in mind that such large holders can also flip into profit-taking mode quickly if retail demand does not materialize.
Medium-Term Prediction
Over the next few weeks, $PEPE is likely to trade between $0.0000098 and $0.00001400, consolidating while whales continue their positioning. If broader market sentiment for meme coins turns positive, PEPE price could attempt a breakout above $0.00001500, opening the path to $0.00001800 levels.
The sustainability of this rally depends heavily on whether whale wallets hold their positions. If they continue accumulating instead of selling, PEPE could surprise the market with a strong September run.
Key Takeaway
Whale activity is the clearest bullish signal $PEPE has right now. The technical chart confirms consolidation and narrowing volatility, setting up the conditions for a breakout. Short-term resistance at $0.00001200 will be the key level to watch. A decisive move above it could trigger rapid upside, while failure to hold $0.00001075 may lead to another round of sideways trading.
For traders, this is the moment to track whale addresses closely and monitor whether retail interest starts following the big money.
