Dormant PEPE Whale reemerges after two years, withdrawing 2.21 trillion PEPE tokens worth $29 million from Binance, igniting market excitement. This move, reported on May 17, 2025, has fueled a price surge and heightened interest in the memecoin market. This article explores the whale’s actions, their impact, and the broader implications for PEPE tokens.
Whale’s Massive Withdrawal Shakes Market
The Dormant PEPE Whale initiated a significant transaction, pulling 1.79 trillion PEPE tokens, valued at $22.23 million, from Binance to a newly activated wallet on May 17. The following day, the investor withdrew an additional 420 billion tokens, worth $5.39 million, totaling 2.21 trillion tokens over 24 hours. These transfers reduced Binance’s PEPE token reserves by approximately 2%, signaling a deliberate accumulation strategy.
Such large-scale withdrawals to self-custody wallets typically indicate a shift from short-term trading to long-term holding, reflecting confidence in the token’s future value. The whale’s actions align with a broader memecoin market upswing, as PEPE tokens surged over 10% in 24 hours to $0.00001345, with an 87.5% gain over the past month, per market data.
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Derivatives Market Feels the Ripple
The Dormant PEPE Whale’s activity reverberated through the memecoin market’s derivatives segment. Short positions against PEPE lost $2 million in liquidations within 24 hours. Meanwhile, long traders faced $907,000 in losses. Open interest in PEPE futures jumped 15% to $500 million. This marks the highest level since January. The surge signals intense trading and strong bullish sentiment.
Open interest, which measures the total value of active futures contracts, serves as a key indicator of market sentiment. The surge suggests growing confidence among traders, fueled by the whale’s strategic moves. This heightened activity underscores PEPE tokens’ status as a leading asset in the volatile memecoin market.
Broader Market Context and Sentiment
The Dormant PEPE Whale’s return coincides with a favorable crypto market, driven by U.S. policy shifts boosting altcoins by 30–100%. Online discussions highlight enthusiasm for the whale’s accumulation, though some traders caution about potential volatility. The whale’s prior inactivity, followed by these calculated withdrawals, positions PEPE tokens as a focal point for market watchers.
Historically, large memecoin market transactions by whales can trigger rapid price swings, as seen in past PEPE token rallies. The current withdrawal mirrors earlier patterns where reduced exchange reserves led to supply squeezes, amplifying price gains. Analysts suggest this could foreshadow further upside, though risks of profit-taking remain.
Conclusion
The Dormant PEPE Whale’s withdrawal of 2.21 trillion PEPE tokens worth $29 million from Binance has revitalized interest in the memecoin market. With a 10% price surge, $2 million in short liquidations, and soaring open interest, PEPE tokens are under the spotlight. As the stablecoin ecosystem grows, this whale’s strategic accumulation could drive further momentum, though investors should remain vigilant in this volatile space.