That’s still 83% below its yearly peak of $0.00002825, but beneath the surface, something unusual is happening.
Despite the weak chart, smart money appears to be moving in.
Blockchain data from Nansen reveals that whale wallets have quietly accumulated 30 billion PEPE over the past month, increasing their collective holdings from 4.41 trillion to 4.44 trillion.
At the same time, exchange supply has dropped from 259.1 trillion to 258.2 trillion, a subtle but telling signal that investors are moving tokens off exchanges and into cold storage.
Is a major shift brewing beneath the bearish chart?
PEPE Price Analysis: Retest of Multi-Month Lows
Pepe has spent months inside a falling wedge pattern, repeatedly failing to conquer the descending trendline.
The PEPE price now sits just above a critical base that has acted as support for over a year.
Source: TradingView
A clean breakdown under this structure could open the door toward the wedge’s lower boundary, hinting at a slide near $0.00000340 or even $0.00000300.
However, if bulls take control of the market and momentum grows, PEPE could break out of the bullish falling wedge pattern and target the $0.00002 level.
This move represents a potential 300% rally from current levels.
Whales Are Buying
While the broader market crash has pushed many traders to reduce exposure to high-risk tokens, whale behavior tells a different story for Pepe.
Large holders have added tokens during periods of fear, and exchange balances have finally started to fall after months of inflows.
This combination signals quiet confidence that the token may be forming a long-term bottom.
