The post PEPE down 8% as whale activity spikes: What comes next? appeared on BitcoinEthereumNews.com.

Whale reactivation suggests early signs of strategic PEPE accumulation. Liquidation zones and NVT spike indicate short-term volatility despite intact bullish structure. A dormant whale recently reactivated after two years and withdrew 1.79 trillion Pepe [PEPE]—worth $22.23 million—from Binance into a fresh wallet. This major move aligns with a significant surge in large transaction volumes, hinting at growing interest from whales and institutional players.  Notably, $100k–$1M transactions jumped 147.25%, while $1M–$10M and $10k–$100k surged by 100% and 91.72%, respectively. These increases suggest a quiet yet intentional capital shift.  Therefore, such aggressive accumulation behavior could be laying the groundwork for the next price leg. It marks a potentially bullish signal often seen in early rally phases. Source: IntoTheBlock Sentiment remains far from euphoric While whale activity and price movements stirred the market, social dominance has only shown a modest rise. It climbed to 0.82%, up from previous lows near 0.6%, indicating a slight return of community engagement.  However, this increase is relatively subdued compared to euphoric spikes seen in previous uptrends. This restrained chatter could suggest that retail traders are still on the sidelines, watching how whales maneuver.  Therefore, the market appears to be in a transitional phase—where smart money acts early while broader sentiment remains cautious. Source: Santiment Is the price moving too fast? PEPE’s Network Value to Transactions (NVT) ratio has risen to 59.27, which may raise concerns. The indicator reflects that the token’s valuation is starting to outpace its on-chain transaction volume.  Such an imbalance often signals overheating or waning network utility relative to market cap. While it doesn’t confirm a reversal, the elevated ratio highlights the need for caution among traders.  Moreover, it suggests that unless activity picks up, sustaining higher price levels may prove difficult.  Source: Santiment Will leverage-driven volatility define PEPE’s next move? At the time…

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Filed under: News - @ May 17, 2025 11:15 pm