PEPE Price Prediction: Whale Activity and Exchange Listings Drive it to 3rd Largest Memecoin

The frog-themed memecoin PEPE has surged past an $11 billion market cap after recent whale activity and new exchange listings. On Tuesday, a whale purchased $1.58 million worth of PEPE, using 14.75 WBTC and 150,000 USDC according to data from Onchain Lens.

This activity highlights growing investor confidence, with whale holdings increasing by $1.14 billion in a single day. The surge positions PEPE as a potential challenger to established memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE).

• Whales purchase $1.58 million worth of PEPE on Tuesday.

• PEPE surpassed $11 billion over the last weekend, fueled by new listings and market sentiment, making it the third-largest memecoin by market cap after Dogecoin and Shiba Inu.

• Pepe’s 24-hour trading volume touched $11.98 billion, surpassing Shiba Inu and nearing Dogecoin.

• Analysts predict PEPE could reach $0.0000433 if it flips SHIB, and potentially $0.0002 in a euphoric market phase.

Source: X

Whales have been instrumental in PEPE's recent price surge. Wallets holding over $10 million in PEPE saw a $1.14 billion increase in holdings on December 7, pushing total whale holdings to $7.56 billion. This accumulation trend indicates strong confidence among large investors, driving Pepe’s position to the third-largest memecoin by market cap, following DOGE and SHIB.

In the past week alone, whales have purchased:

• 190.14 billion PEPE worth $4.89 million in just six hours.

• Transactions include 91.36 billion PEPE worth $2.26 million and 58.93 billion PEPE for $1.58 million.

This consistent high-volume accumulation supports PEPE’s bullish outlook, suggesting potential for further price appreciation.

PEPE's recent listings on major exchanges like Binance.US and Coinbase have significantly boosted its accessibility and trading volume. The increased availability has attracted new retail and institutional investors, pushing PEPE to outperform both Dogecoin and Shiba Inu.

Current PEPE Stats:

• Price: $0.000025

• Market Cap: $10.8 billion

• 24-Hour Volume: $11.98 billion

PEPE’s trading volume even surpasses that of Solana (SOL), reflecting the high demand for the memecoin.

Analysts offer the following predictions for PEPE’s price movement into 2025:

1. Short-Term (January 2025): PEPE is expected to trade between $0.000028 and $0.000032 as trading volumes stabilize.

2. Mid-Term (Q1 2025): Speculative surges typical of memecoins could push PEPE to a peak of $0.000035, followed by a correction phase.

3. Long-Term (H1 2025): Continued interest in memecoins may influence PEPE’s trajectory. Price range: $0.000030 to $0.000034.

Some optimistic projections even place PEPE at $0.00012 if it matches Shiba Inu’s all-time high market cap. In a highly bullish scenario, analysts foresee a potential rise to $0.0002.

PEPE/USDT price chart | Source: KuCoin

Despite the bullish momentum, some market signals suggest caution. A potential double top pattern and rising negative funding rates on platforms like Crypto.com could indicate upcoming sell pressure. Additionally, profit-taking by short-term traders may lead to volatility.

Holder Balances Show Profit-Taking Trends

Data reveals that balances held by swing traders and short-term holders have increased significantly in the past month. This suggests that short-term traders are providing exit liquidity for long-term holders, which may lead to price fluctuations.

PEPE's recent surge past an $11 billion market cap, coupled with significant whale accumulation and new exchange listings, paints a bullish picture. However, potential double top patterns and profit-taking trends warrant caution.

Investors should closely monitor whale activity, market sentiment, and trading volumes to gauge PEPE's future trajectory. While the memecoin’s short-term potential looks promising, volatility remains a factor in its long-term outlook.

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