Pepe Coin has gained significant attention as its price surges nearly 20%, reaching $0.00001252. Whale accumulation and increased market activity are fueling speculation that the coin could continue its upward trajectory, with some predicting it may reach $0.00003 in the near future. The recent surge is a result of strong buying interest, combined with reduced supply on exchanges, which has sparked optimism for further growth.
Pepe Coin’s price movement has been heavily influenced by large buys from whales. A notable transaction was reported by Lookonchain, where a wallet acquired 1.52 trillion PEPE tokens from Kraken, totaling $16 million. Whale accumulation typically signals confidence in the asset’s long-term potential, and such large purchases are a strong indicator of sustained growth.
In addition to whale buying activity, there has been a consistent trend of exchange outflows, which means fewer tokens are available for immediate sale. This tightening of liquidity creates a situation where buying pressure can have a more substantial impact on the price. As a result, smaller investors often follow the lead of whales, further driving market gains.
Pepe Coin’s price action has recently broken out of a descending channel, signaling a potential shift in market sentiment. Following a double bottom formation near the $0.0000090 level, the coin has started to gain momentum. If it successfully holds above the current resistance at $0.0000130, the price could rise toward the $0.0000160 level. From there, the next key target is $0.0000220, before potentially reaching $0.00003.
PEPE/USDT 1-Day Chart (Source: TradingView)
Technical analysis suggests that Pepe Coin’s chart setup is showing a favorable environment for further growth. While short-term corrections could still occur, the overall trend points toward higher targets. As the market continues to build strength, the $0.00003 level appears achievable, especially if whale activity persists and exchange liquidity remains constrained.
A critical factor contributing to PepeCoin’s price surge is the decrease in available tokens on exchanges. Coincentral analytics reveals that the netflow for Pepe Coin dropped by $4.7 million on September 13, reinforcing the trend of exchange outflows. As tokens are withdrawn from exchanges, the available supply for sale decreases, making it harder for sellers to meet demand.
The reduced liquidity on exchanges creates an environment where buying pressure is more likely to drive the price upward. With whale accumulation further tightening supply, the likelihood of price increases becomes higher. These dynamics point toward the potential for Pepe Coin to continue its upward movement, with $0.00003 as a key price target.
Pepe Coin’s recent price surge and growing whale activity suggest a promising future for the token. The breakout from a descending channel and the tightening supply on exchanges create favorable conditions for further growth. While market volatility remains a factor, the increasing demand and strategic accumulation could propel the coin toward the $0.00003 mark in the near future.
The post Pepe Coin Price Jumps 20% – Will Whale Activity Propel it to $0.00003? appeared first on CoinCentral.
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