Did a Whale Just Signal a PEPE Bull Run? On-Chain Data Suggests It’s Happening

A whale has just made headlines across the crypto X community after making the largest PEPE purchase on Kraken ever. However, declining user activity, major investors selling off, and the influence of whales suggest it could be setting up for a risky pump-and-dump rather than a genuine bull ￰0￱ Scoops Up $16M in PEPE On-chain analytics platform Lookonchain identified the buy, revealing that a newly created wallet had acquired more than 1.52 trillion PEPE tokens worth almost $16 million from Kraken. X user bike4sai shared that it is an institutional-scale purchase on a major exchange and ranks among the largest single transactions in the token’s ￰1￱ chatter suggests that this could be the spark that finally sends PEPE to the ￰2￱ are pointing to what they call a “falling wedge” pattern on the coin’s chart, a technical setup that often leads to big price ￰3￱ is also occurring against a backdrop of a broader meme coin revival, with social media sentiment having flipped ￰4￱ has seen renewed interest in coins like PEPE and Little Pepe due to presale ￰5￱ influencers are throwing around some crazy price targets, ranging from modest 2x or 3x gains to speculative 100x moves that would put PEPE right up there with the big ￰6￱ Doesn’t Add Up While most people are getting excited about this whale buy, some red flags are popping up.

Third-party data shows user activity is declining, with smart money and public figure investors dumping their tokens. That’s not what you typically see during a real bull ￰7￱ whales are buying, but regular investors aren’t jumping in, which is a recipe for ￰8￱ a few large players control the market, sudden swings are always a ￰9￱ meme coin cycles have shown the pattern clearly: whales buy in, retail traders rush to follow, and then whales sell off, leaving smaller investors with ￰10￱ current situation around PEPE has ￰11￱ record-breaking purchase on Kraken may not signal the start of a bull run. Instead, it could be positioning for a pump-and-dump, with the whale using hype to attract interest before selling into the momentum.

Typically, major investors avoid moves that attract this much ￰12￱ time will tell if this Kraken whale has genuinely started the next major PEPE rally, or if retail investors are about to learn another painful and costly lesson about following whale moves blindly.