Pepe Coin has fallen hard - but not everyone sees that as bad news. After plunging more than 24% in a single day amid a widespread crypto selloff, the popular meme token is now trading near a key support range that previously sparked one of its biggest rallies.
For seasoned traders and whales, this could be the moment they’ve been waiting for.
The token, now hovering near $0.000007, has returned to a zone that has historically triggered aggressive buying activity. Earlier this year, that same price range ignited a massive rally of over 100%, marking it as one of PEPE’s most reliable accumulation zones. Some analysts are quietly suggesting that history might be preparing to repeat itself.
Market data shows that momentum in the memecoin sector has cooled significantly following Bitcoin’s correction, but whale movements are telling a different story. Blockchain analytics firm Lookonchain reported that a single investor just scooped up roughly 600 billion PEPE – spending nearly $5 million – while still keeping another $1 million in USDC on standby. In market terms, that’s a bold statement of confidence.
These high-value purchases tend to appear when fear dominates retail sentiment. Experienced investors see this as a textbook contrarian signal: when the crowd sells, whales accumulate. It’s a pattern that has played out before, often preceding strong rebounds in volatile assets like Pepe Coin.
Still, the road ahead won’t be easy. Bulls will have to reclaim the $0.000010 level to prove that the token’s momentum has shifted decisively. Until that happens, short-term volatility is likely to persist – but for long-term players, the risk-to-reward setup in this zone looks increasingly attractive.
For now, PEPE sits at a psychological crossroads. It’s either another slide deeper into bearish territory or the quiet start of a new rally driven by deep-pocketed buyers who prefer to act when panic sets in. If the whales are right again, Pepe Coin might soon remind the market that meme coins still have bite left in them.
