Large token volumes can fluctuate and have reverberations throughout the market. With a specific whale making big purchases, recent action with #PEPE coins has drawn great attention. During just three days, this whale increased their stockpile by an astonishing 1.29 trillion PEPE , an investment worth almost $1.61 million. According to the most recent transaction, this exact whale just eight hours ago acquired another 486 billion PEPE from Wintermute Trading for about $604,000. The crypto community naturally speculates and scrutinises such huge and quick buys.

TradingView The question of whether insider trading is taking place in these transactions is one of the main worries raised by them. While substantial movements by whales are not uncommon, the recent purchasing and selling patterns have been distinctly out of the ordinary. #PEPE whales appear to switch back and forth between unloading enormous token quantities and purchasing them in significant numbers. Such actions can sway market sentiment, which in turn can affect other investors.

Despite a flurry of activity, PEPE has not yet broken through the 21 EMA resistance level from a pricing perspective. This resistance appears to be severe, and it will take more than just a few significant deals to overcome it. The trade volume is a major barrier. PEPE's trading volume is at its lowest point in several weeks, which makes it more difficult for the token to build the momentum necessary to get through the 21 EMA barrier. The peculiar trading patterns definitely raise some concerns, particularly in light of recent whale actions. Yet, it is doubtful that PEPE will experience a major increase in price unless the trading volume increases.