Recent blockchain tracking data reveal significant whale activity involving the meme coin PEPE. Multiple whales have accumulated trillions of PEPE tokens in late May 2025, with a standout transaction of 2 trillion PEPE (valued around $27.9 million) moving from Bybit exchange to an unknown wallet. This sizable transfer has stirred speculation about strategic positioning for an upcoming price surge.
Whale movements coincided with technical bullish patterns such as the "cup-and-handle," a signal often linked with upward price trends. Notably, a whale nicknamed "ETH RSI Band Whale" purchased over $2 million worth of PEPE, acquiring approximately 141.5 billion tokens right before a 70% price rally within a week. On May 27 alone, nearly 11.75 trillion PEPE changed hands without significant price shifts, indicating deliberate accumulation or preparation for a breakout.
Amid this activity, trader James Wynn aggressively took a 10x leveraged long position on PEPE, worth nearly $20 million, highlighting increased market confidence or speculation. Despite volatility, PEPE price has gained over 5.27% in the last 7 days and surged more than 54% in the past month, sitting around $0.00001391 per token at press time.
In parallel, notable Bitcoin whale activity has emerged, involving a transfer of 1,228 BTC (approximately $133.5 million) between unknown wallets, possibly indicating large over-the-counter transactions. Bitcoin has also shown positive price movement, increasing 1.26% to about $109,693.