Key Highlights:
Massive Whale Accumulation: A single whale purchased 337.09 billion PEPE tokens (worth $6.92 million) from Binance over the past 20 days.
Net Whale Flows: Shifted dramatically from -534 billion to +580 billion PEPE on December 3, indicating growing interest from large investors.
Market Performance: PEPE trades at approximately $0.000020, up 154% over the past month with a market cap of $8.69 billion.
Changing Holder Composition: Long-term holder addresses decreased by 2,200 in the past month, while short-term traders surged by 262%.
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Whale Activity and Market Impact
Recent blockchain data highlights significant whale activity, with one address accumulating 337.09 billion PEPE tokens from Binance over a 20-day period, marking one of the largest individual purchases in the token’s history. This buying spree is part of a broader trend, as net whale flows for PEPE turned positive on December 3, jumping by 580 billion tokens in a single day, according to IntoTheBlock data.
The whale accumulation coincides with an upward price trajectory for PEPE, which has gained 12% over the past week and 154% in the past month. Trading volumes remain robust, with a 24-hour volume of $3.48 billion despite a slight 1% decline compared to earlier periods.
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Shifting Holder Dynamics
While whales have been actively increasing their positions, data reveals contrasting trends among other holder groups:
Long-Term Holders: Addresses holding PEPE for over a year dropped from 91,200 to 89,000 between November 11 and December 3.
Mid-Term Holders: Those holding tokens for one to twelve months saw a significant decline, falling from 200,000 to approximately 89,000 addresses.
Short-Term Traders: Addresses holding PEPE for less than a month surged by 262% over the past 30 days, reaching 72,000.
The overall holder count remains stable, with Etherscan data showing approximately 334,000 unique addresses holding PEPE tokens, underscoring sustained market interest despite changes in composition.
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Institutional Interest and Integration
Institutional interest in PEPE received a boost with its recent integration into Coinbase Prime’s custody services, allowing institutional investors to securely access and hold the token. This development has further legitimized PEPE in the eyes of larger investors.
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Market Performance and Key Levels
PEPE currently trades around $0.000020, with price fluctuations ranging between $0.00001908 and $0.00002104 in recent days. Notably, the token faced significant accumulation on November 14, when whale addresses added 4.7 trillion PEPE tokens, pushing the price to a high of $0.000023 before consolidating.
Resistance: The $0.000023 level, coinciding with recent whale buying peaks, represents a critical resistance point.
Support: A support zone has formed around $0.00001900, providing stability amid short-term volatility.
Technical indicators suggest sustained buying pressure, although the divergence between whale activity and declining long-term holder participation may contribute to increased short-term price fluctuations.
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Conclusion
The $PEPE token market is experiencing a notable shift as whale investors drive accumulation while long-term holders reduce their positions. This dynamic, coupled with rising short-term trader interest, reflects a changing landscape for the token. With institutional integration via Coinbase Prime and strong market activity, PEPE remains a focal point for both retail and institutional participants.
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