Meme Coin Whales Make Waves with Massive PEPE & WIF Accumulations, Signaling a Potential Bullish Rebound

Meme Coin Whales Make Waves with Massive PEPE & WIF Accumulations, Signaling a Potential Bullish Rebound

Meme coin whales have captured significant market attention amid recent turbulence, aggressively accumulating Pepe Coin (PEPE) and Dogwifhat (WIF). On-chain data from Thursday revealed that approximately $16 million worth of these tokens were purchased from Binance, one of the world’s leading cryptocurrency exchanges. As a result, crypto market enthusiasts are anticipating a potential bullish trend for these popular meme assets.

Whales Scoop Up 375B PEPE & 15M WIF, Fueling Optimism

According to blockchain analytics platform Spotonchain, major crypto investors executed substantial purchases of PEPE and WIF on February 5. Whale address 0xf37 acquired 375.35 billion PEPE, valued at $3.73 million, from Binance.

Similarly, another whale, 4x3M8, secured 9 million WIF worth $7.42 million within the same period. Adding to the bullish sentiment, dormant whale A3kTT re-emerged after two years to purchase $5.19 million worth of WIF. This wave of heavy accumulation from large-scale investors has sparked renewed optimism in the market, suggesting that a potential price surge could be on the horizon.

A Buy-the-Dip Opportunity?

The broader cryptocurrency market has been highly volatile, with recent price action proving challenging for many investors. Bitcoin, the leading digital asset, has declined by nearly 6% since the end of January, dragging most altcoins along with it.

Dogwifhat has faced a sharp downturn, plunging 29% over the same period, while Pepe Coin has also suffered a 26% drop. However, the aggressive whale purchases amid this downturn indicate a classic buy-the-dip strategy, suggesting that these meme coins might be gearing up for a strong recovery in the near future.

Meme Coin Performance Amid Surging Whale Activity

At the time of writing, PEPE was trading at $0.00001035, reflecting a 1.5% intraday increase. The token’s daily low and high stood at $0.000009783 and $0.00001044, respectively. The heightened buying pressure, coupled with growing optimism from market analysts, is fueling bullish sentiment around PEPE’s future trajectory.

Notably, well-known crypto enthusiast SlumDOGE Millionaire recently disclosed that he liquidated all his ETH holdings to go “all in” on PEPE, acquiring nearly 1 billion tokens. This significant move has further amplified optimism surrounding the asset. Additionally, prominent crypto influencer Jake Gagain took to social media to predict that PEPE is set to experience the strongest price surge in 2025.

Meanwhile, WIF has faced a 2% decline intraday despite the large whale purchases, trading at $0.8099. Its 24-hour range fluctuated between $0.7741 and $0.8505. However, crypto trader The Cryptomist has projected an imminent breakout, stating that if WIF surpasses the current ascending triangle pattern, the first price target is $1.10.

Despite short-term fluctuations, market participants remain highly optimistic, closely monitoring whale activity as a key indicator of potential future gains. If this accumulation trend continues, PEPE and WIF could see significant upward momentum in the coming weeks.