Recently, PEPE whales and chart analysts have turned more active as the memecoin grinds through a key support zone. Now, large on-chain buys, a 2017-style XRP fractal and an oversold weekly setup are shaping fresh debate over PEPE’s next phase.
PEPE whale steps up accumulation with $9 million in weekly buys
A large PEPE holder has sharply increased purchases this month, on-chain data from Arkham and tracking by X user @PepeEthWhale show. The wallet has accumulated nearly $9 million worth of PEPE since Nov. 6, with inflows coming from Coinbase hot wallets over the past week.
PEPE Whale Accumulation Chart. Source: X
Earlier activity from the address showed smaller, scattered buys. In contrast, recent transfers appear as steady, high-volume inflows, with multiple transactions above $500,000 each recorded in rapid succession. The balance chart for the wallet now shows a clear jump in holdings since the start of November.
The whale’s behavior has sparked new discussion about large-holder positioning in PEPE. Market watchers note that big wallets often build positions gradually rather than during peak attention, so sustained accumulation can draw interest even without an immediate price reaction. However, the data only confirms that the address is buying, not what the holder plans to do next.
Analyst links PEPE outlook to 2017 XRP fractal
Meanwhile, PEPE watcher @PepeEthWhale is comparing the token’s current structure to XRP’s 2017 rally. In a new post, he says the PEPE chart mirrors an old XRP fractal and argues that the memecoin could “have a green next week,” moving back inside a large triangle pattern.
PEPE Fractal Analysis Chart. Source: PepeEthWhale
He adds that he is “betting on a new PEPE all-time high by December,” framing the call as his personal outlook rather than a guarantee. The view centers on the idea that once price regains acceptance inside the triangle, momentum could rebuild into year-end.
The analysis uses a classic technical approach, where traders study past market structures and apply them to current charts. However, fractal-based setups and triangle patterns remain interpretations of price action, so the tweet reflects one analyst’s scenario rather than a confirmed path for PEPE.
Analyst flags PEPE oversold reading as chart tests long-term key level
Next, trader @Lamatrade1 highlighted a potential PEPE reaction zone as the token approaches a long-term support area. In a weekly chart shared on X, he described the setup as a “dead green frog bounce,” pointing to a cluster of historical levels that have acted as key zones during previous reversals.
PEPE Weekly Support Zone Chart. Source: @Lamatrade1
The chart marks a descending resistance band, a defined buy zone and a lower support region that aligns with January 2026 on the timeline. According to the analyst, the weekly RSI has moved into oversold territory, a condition he notes when discussing the possibility of a reaction near the lower band.
The post focuses on structural positioning within the broader trend, mapping resistance layers above and support levels below. It reflects one interpretation of the weekly PEPE chart rather than a confirmed shift in direction, relying on the relationship between long-term levels and momentum indicators.
Source: https://coinpaper.com/12363/is-pepe-gearing-up-for-a-comeback-after-9-m-whale-accumulation