Whales Are Accumulating PEPE, Is a Bull Run Coming?

• Multiple whales accumulated trillions of PEPE tokens in late May, signaling possible strategic preparation.
• Whale movements followed technical bullish patterns, hinting at growing confidence ahead of a potential bull run.

A massive transfer of two trillion PEPE, equivalent to almost $27.9 million, was just detected by Whale Alert. The transaction originated from Bybit to an unknown wallet, and as usual, it didn’t take long for the crypto community to start speculating: is this a sign that whales are starting to plot their next bull run?

🚨 🚨 2,000,000,000,000 #PEPE (27,887,373 USD) transferred from #Bybit to unknown wallethttps://t.co/F3Rf8f60yJ

— Whale Alert (@whale_alert) May 27, 2025

What Massive PEPE Buys Might Be Telling Us

If you think about it, a move like this is rarely done without a reason. Especially when the value is approaching $30 million. Perhaps it’s not surprising that the public is starting to wonder, what do they know that we don’t?

Furthermore, it’s not just Bybit’s transaction that’s causing a stir. In the past few days, similar whale movements have been observed across various wallets.

For example, on May 23, a whale with the nickname “ETH RSI Band Whale” bought more than $2 million worth of PEPE. He bought around 141.5 billion tokens, and oddly enough, shortly after that, the price of PEPE jumped more than 70% in a week.

Trading volume also soared, even reaching $1.8 billion in a day. Yes, that figure for a meme coin is certainly not a small number.

Silent Accumulation or Open Preparation?

Meanwhile, May 27 also recorded no less striking activity: 11.75 trillion PEPE tokens changed hands in just 24 hours. Strange but true, the token price did not move much at that time. Were they deliberately waiting for a certain moment to trigger a price spike? Or were they just slowly accumulating before a big surprise happened?

On the other hand, there was also a moment when PEPE dropped to around $0.000012. Instead of panicking, whales were seen re-entering the market. This buying action during falling prices actually gave rise to the technical pattern “cup-and-handle,” a pattern known to have a bullish tendency.

Just imagine if you saw a gold shop suddenly being completely bought up when the price of gold was falling. Does that mean it will go up? Not always, but in many cases, those who bought at the lowest point are the ones who laugh last.

Not only that, leveraged positions also strengthen speculation. A trader named James Wynn is known to have opened a long position with 10x leverage worth $19.71 million for PEPE. Aggressive steps like this strengthen the view that there are many parties who believe, or at least, are willing to take big risks for the potential for a big surge.

What does all this mean? It is not certain that PEPE will fly tomorrow. But one thing is clear, when many whales start moving, it is usually not a coincidence. They can make a wrong move, but often, their movements are an early signal before the retail public starts to follow behind.

Meanwhile, as of press time, PEPE is changing hands at about $0.00001391, up 5.27% over the last 7 days and 54.14% over the last 30 days.