TLDR
- Three substantial PEPE investors acquired 689.79 billion PEPE tokens worth $4.3 million via TornadoCash.
- PEPE's valuation noted a 4.74% uptick to $0.00000597, and the TD Sequential indicator is giving a buy signal.
- The PEPE/ETH chart reveals a breakout configuration showing PEPE's growth against Ethereum, despite ETH's downward trajectory.
- Experts foresee a potential 50% surge in PEPE's price following the breakout.
- PEPE emerged as the top performer among the 100 elite coins with a 15.85% price rise, surpassing $1 billion in 24-hour trading volume.
Three significant PEPE investor wallets executed purchases amounting to 689.79 billion PEPE tokens worth $4.3 million via TornadoCash, a privacy protocol. These transactions occurred as technical indicators suggest a potential bounce for the beloved meme digital currency.
The most considerable acquisition originated from wallet 0x7A7D, securing 437.7 billion PEPE for $2.72 million (1,413.4 WETH). Wallet 0x9212 collected 158.58 billion PEPE for $1 million, while wallet 0x7779 obtained 93.51 billion PEPE for $574,000.
These heavy buys highlight rising confidence in PEPE's market trajectory. Moves by large investors often tighten available supply and can exert upward pressure on price.
Trend Reversal?
The timing coincides with technical indicators signaling a potential trend shift. The TD Sequential on PEPE's daily chart has triggered a buy signal, viewed by many as a reversal sign.
PEPE's daily value concluded at $0.00000597, marking a 4.74% rise. This price action bolsters the evidence of a budding bullish market sentiment.
The recent low of $0.00000525 might indicate price weariness, suggesting the downward momentum could be waning. Alongside the buy indication, these factors reinforce the possibility of a reversal.
Should buyers persist in entering the marketplace, PEPE might aim for $0.00000620 shortly. Breaking past this threshold might propel prices towards the $0.00000640-$0.00000660 band.
However, traders should remain vigilant for potential resistance at these junctures. If faced with rejection, PEPE might undergo consolidation between $0.00000540 and $0.00000580 before making another attempt.
The PEPE/ETH chart unveils intriguing progressions. Analysts have observed PEPE's strengthening against Ethereum, even amidst ETH's downward spiral, suggesting a detachment in pricing trends.
This divergence implies investors may be channeling funds from major cryptocurrencies into meme coins like PEPE, possibly in search of better short-term gains in the current market climate.
One analyst identified a significant daily bullish divergence on the PEPE/ETH chart. This technical setup, where price moves contrary to an oscillator, often indicates an impending trend shift.
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 configuration, the analyst anticipates PEPE might experience over a 50% increase. The ongoing momentum seems to align with this optimistic forecast.
Transaction volume will be crucial to sustaining any upward movement. Large trades in PEPE have been relatively steady since February 2025, oscillating between 400-600 trades before decreasing to 278 on March 11.
The recent 7-day peak of 304 significant trades still signifies low activity compared to previous times. For PEPE to consistently surpass $0.00000060, heightened activity from large investors could be necessary.
As of the latest update, PEPE is trading at $0.000007230, having risen by 15.85% over the past day. Trading activity has surpassed $1 billion, marking a 13.41% surge, indicating increasing market interest.
This meme coin currently stands out as the best performer among the top 100 cryptocurrencies by market value. This achievement occurs amidst broader volatility in the cryptocurrency landscape.
A breach below the recent trough of $0.00000525 might invalidate the buy signal. In that event, continued selling could drive PEPE toward $0.00000495 or lower.
