Will Pepe Coin Target $0.000014 Amid $4.28M Whale Buys?

Five wallets purchased over $4.28 million worth of PEPE in just eight hours. These wallets acquired 611 billion PEPE tokens, triggering a sharp 12% price jump.

Lookonchain data indicates the wallets may have a connection with a hacker since they performed Ethereum withdrawals from Tornado Cash approximately 15 days ago.

PEPE’s current trading value of around $0.0000071 has attracted market attention because investors are examining the potential sign of market trend changes.

$4.28M in PEPE Bought by Tornado-Linked Wallets Raises Concerns

The blockchain tracking platform Lookonchain reveals five wallets acquired 611 billion PEPE tokens on April 16, 2025.

The five wallets transferred $4.28 million during eight hours while acquiring 610,000,000,000 units.

The wallets obtained ETH through the Tornado Cash platform before making their transaction.

The Ethereum network operation uses Tornado Cash as an instrument for anonymity in transactions.

Historical records show Tornado Cash was involved in numerous cyberattacks and security breaches.

The movement of funds from this platform into meme coins like PEPE raised concerns within the crypto community about possible manipulation or laundering.

A wallet conducted one major purchase of over $250,000 through CoW Swap during this transaction.

Other buys ranged between $9,000 and $36,000. The price of PEPE tokens increased 12% to $0.00000774 following the acquisitions, and trading volume reached $12.3 million across Binance and Uniswap after the buy-up.

PEPE Targeting 0.382 Fibonacci at $0.000014 as Momentum Builds

The current PEPE price at $0.0000073 brings the project to an essential crossroads. The 0.382 Fibonacci retracement level from the mid-2024 high sits around $0.000014.

The bulls consider this level as the future target for price growth. The short-term resistance at $0.0000090 must be exceeded before PEPE can attempt to reach the higher level.

PEPE shows potential formation of a double bottom pattern, which maintains support close to $0.0000064 in the daily time frame.

The pattern would verify price movement toward the 0.382 Fib level if support stays in place and price rises above $0.0000090.

Activity on-chain has also increased. The active address count on Etherscan increased by 20% during the latest eight-hour period.

Increased interest manifests through new buyer participation as well as trader market reaction.

Trading activity on a daily basis moved above the monthly normal level of $8.2 million by reaching $12.3 million due to heightened market engagement.

Market indicators display promising potential even though analysis of a lasting trend remains insufficient.

PEPE may exceed $0.000014 during the upcoming sessions when price sustains its position above fundamental support points while surpassing its immediate resistance barriers.

PEPE Coin Surges as 5 Tornado-Linked Wallets Load Up — Trend Reversal Possible

Following the whale activity, PEPE’s price spiked before facing resistance near the 50-day Exponential Moving Average (EMA) at $0.0000078.

The token had been trading near $0.0000070 after breaking above a descending trendline on April 9 and retesting it the next day.

That breakout led to an 11% rally, which was later capped by EMA resistance. The price then declined slightly but remained above the key trendline.

The recent buys have reintroduced volatility, and traders are assessing whether this is a short-term spike or the start of a longer move.

The market shows conflicting signals according to technical metrics. The Relative Strength Index reached 72 after the whale invested further increasing the overbought signal.

Traders currently maintain indecision at 50 after the market’s initial volatility. The current unbiased RSI measurement indicates traders remain in a holding pattern since they need stronger price signals to make new decisions.

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