Massive PEPE Whale Transfers Spark Speculation Amid 81% Weekly Price Surge

Blockchain tracker Whale Alert has flagged two massive transactions involving over 3.5 trillion PEPE tokens, collectively valued at more than $53 million, drawing major attention across the crypto market.

The first transfer saw 1.79 trillion PEPE ($26.6 million) move from Binance to an unknown wallet, hinting at potential whale accumulation or internal restructuring. Minutes later, 1.77 trillion PEPE ($26.64 million) was sent from the unknown wallet to Ceffu, a custody and asset management service closely affiliated with Binance. The identity of the wallet owners remains undisclosed, sparking speculation about institutional involvement or over-the-counter (OTC) activity.

These transactions come as PEPE enjoys a sharp rally, with its price rising more than 15% in 24 hours and 81% over the past week, hitting $0.0000154—a level not seen since January 2025. The surge has been driven by renewed retail and whale interest amid a broader risk-on shift in the market.

Technical analysis shows PEPE breaking key resistance at the daily SMA 50 ($0.00000814), entering higher trading zones. Analysts suggest the price momentum could continue if market conditions remain favorable.

While the motives behind the transfers remain unclear, the scale of movement and the timing amid a price rally suggest strategic positioning by major holders. Whether these are signs of long-term accumulation, profit-taking, or custodial reshuffling remains to be seen—but for now, PEPE continues to ride the meme coin wave with force.