Pepe Sees $800 Million Volume Surge as Wall Street Pepe ICO Closes in on $50M – Could Whales be Secretly Accumulating?

PEPE has dipped by 0.3% in the past 24 hours, with the meme token slipping back down to $0.00001732 as the crypto market gains by 1% today.

This fall means that PEPE is now down by 6% in a week and by 26% in a month, although the Ethereum-based coin retains an impressive 1,300% increase in the past year.

And while it has fallen today, its 24-hour trading volume stands at $800 million today, marking a 20% lift from where it was only a couple of days ago.

This suggests that it could be on the brink of a new rally, with data showing that some whales have begun accumulating the coin once again.

Pepe Sees $800 Million Volume Surge – Are Whales Secretly Accumulating?

$800 million isn’t massive in volume terms, at least when compared to major tokens such as Bitcoin and Ethereum, which are recording volumes of $46.5 billion and $19 billion today.

Yet the lift PEPE has experienced does indicate the possible beginnings of a new rally, with Lookonchain data showing that one large trader withdrew 1 trillion PEPE (about $18.5 million) from Binance yesterday.

A whale withdrew 1.08T $PEPE($18.49M) from #Binance in the past 28 hours.https://t.co/VvSBg6b5J9 pic.twitter.com/mObAAjYBsF

— Lookonchain (@lookonchain) January 14, 2025

This is significant insofar as it seems to be the first big whale purchase of PEPE in several weeks, with last week seeing only transfers to exchanges.

And if we look at PEPE’s chart today, it shows the coin hitting a bottom, implying that a resurgence is on its way.

Indeed, the coin’s relative strength index (purple) fell below 30 yesterday and has since returned to 50.

We also see its 30-period moving average (orange) flatten out in relation to the 200-period average (orange), another sign that the selling is likely to end very soon.

Based on these indicators, the market has oversold PEPE in recent weeks, so buyers are likely to begin scooping up the token at a discount, boosting its price in the process.

We could see the token return to $0.000020 in the next few weeks, buoyed by the inauguration of Donald Trump.

Some analysts have pointed out that, historically, alt seasons have followed US presidential inaugurations.

PRESIDENTIAL INAUGURATION DAY
= ALTSEASON

History tells us that every after each
inauguration, Altcoin market pumps.

2017- Trump Inaguration= Alteason
2021- Biden Inauguration= Altseason
2025- Trump Inauguration= It’s yet to
happen

Ignore the short term DUMP. pic.twitter.com/3iyKSd8efq

— Ash Crypto (@Ashcryptoreal) January 10, 2025

And if such a season follows the inauguration on Monday, PEPE could even rise to $0.000025 by the end of Q1.

Could Wall Street Pepe be Set to Outperform the Original PEPE?

PEPE remains 38% down from its ATH of $0.00002803 (set on December 9, 2024), so it’s possible that traders may turn away from the token in the coming weeks.

Some may turn to newer alternatives, with several new presale coins looking very promising right now.

One of them is Wall Street Pepe (WEPE), a new ERC-20 token that has raised a humongous $48.4 million in its ongoing sale.

This figure makes Wall Street Pepe one of the biggest presales of the past few years, and sets it up incredibly well for future growth and expansion.

It has been so successful in attracting investors because its viral memes come married to some very strong fundamentals.

It will be a trending intelligence platform, providing investors with real-time trading signals, up-to-date data and exclusive tips and strategies.

On top of this, it will operate community channels and forums, where users can share advice and also compete in trading competitions.

Winners will receive rewards in WEPE, something which should incentivize greater involvement with the project, helping to support its price over time.

While the Wall Street Pepe sale will end soon, investors can still join by going to the coin’s official website.

Visit Wall Street Pepe Presale

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