Assessing impact of $3.71M whale action on PEPE’s price

• The number of new and daily Active Addresses for PEPE has declined.
• The net difference between bullish and bearish addresses has fluctuated, with bearish sentiment intensifying over time.

Pepe [PEPE] has recently experienced fluctuating market activity, driving some whales to sell off some of their holdings.

But, a whale recently withdrew 375.35 billion $PEPE worth $3.71 million from Binance. Has this affected PEPE’s price in any way?

Diving into the analysis, PEPE/USDT on Bybit showed a slight recovery after a recent downtrend. The price reached a low of $0.012238 and has since rebounded to $0.013036, reflecting a 3.33% increase.

However, the overall structure remains weak, with resistance at $0.0135.

Source: CoinGlass

Also, the RSI sat at 56.15, suggesting neutral momentum but leaning towards overbought conditions if buying pressure continues. The Funding Rate was at 0.0063, showing a slightly positive sentiment in the derivatives market.

However, given the recent price dip and the lack of strong bullish momentum, PEPE may struggle to sustain upward movement unless more buying pressure emerges.

Large-scale transactions and market sentiment

Diving into the analysis, PEPE/USDT on Bybit shows a slight recovery after a recent downtrend. The price reached a low of $0.012238 and has since rebounded to $0.013036, reflecting a 3.33% increase.

However, the overall structure remains weak, with resistance at $0.0135.

User engagement trends and network participation

Significantly, the number of new and daily Active Addresses has declined. According to IntoTheBlock, New Addresses decreased by 25.14%, while daily Active Addresses dropped by 10.73%.

This trend suggests a waning interest in PEPE, potentially weakening its long-term sustainability.

SOURCE: IntoTheBlock

If this decline continues, PEPE could experience reduced demand, making it susceptible to further price corrections.

However, if activity stabilizes, it could indicate a market bottom, potentially leading to accumulation before another bullish cycle.

Evaluating market participants’ behavior

Analyses of the Bulls and Bears highlight an ongoing battle between buying and selling pressure. The latest data indicates 132 bulls versus 127 bears, reflecting a nearly balanced sentiment.

However, the red dominance in the lower section of the chart suggests that bears have maintained consistent selling pressure.

SOURCE: INTOTHEBLOCK

The net difference between bullish and bearish addresses has fluctuated, with bearish sentiment intensifying over time.

While bulls have occasionally pushed prices up, sustained bearish momentum has prevented prolonged uptrends. If bears continue to dominate, PEPE may struggle to maintain gains, leading to further price retracements.

Read Pepe’s [PEPE] Price Prediction 2025-26

For traders, monitoring shifts in bull-to-bear ratios remains crucial. A strong uptick in bullish sentiment could signal a reversal, while sustained bearish control may indicate further downside potential.

PEPE faces mixed signals across multiple indicators. While recent price action shows a minor recovery, whale activity may impact future movements.

If buying activity increases and active addresses recover, PEPE could see renewed momentum.

However, if whale activity leads to further sell-offs, the token may face additional downward pressure in the short term.