A new whale address “0x8f5” has withdrawn 280 billion PEPE tokens ($5 million) from Binance, indicating increased large-investor interest
Active wallet addresses increased by 15%, showing higher user engagement across the market
Open Interest in PEPE Futures contracts rose 18% in 48 hours, with long positions making up 62% of total positions
Short-term holders are currently at an 8% loss while long-term holders remain in 12% profit according to MVRV data
PEPE is trading near $0.0000019 support level with increasing trading volume from both retail and institutional traders
Recent blockchain data reveals that a single whale address, identified as “0x8f5,” has withdrawn 280 billion PEPE tokens, valued at approximately $5 million, from the Binance cryptocurrency exchange.
The withdrawal comes at a time when PEPE’s market metrics display increased activity across several key indicators. Trading data shows the token maintaining a position near its support level of $0.0000019, with growing participation from both small-scale and institutional traders.
Active wallet addresses for PEPE have risen by 15% according to on-chain data, pointing to broader market engagement. This uptick in active addresses typically serves as an indicator of market participation and can precede price movements in either direction.
The futures market for PEPE has shown particular momentum, with Open Interest climbing 18% over a 48-hour period. Current market positioning reveals a bullish lean, as long positions account for 62% of total Open Interest, suggesting traders are positioning for potential upward price movement.
Market Value to Realized Value (MVRV) data presents a mixed picture of investor performance. While long-term holders maintain a positive return of 12%, short-term holders are currently experiencing an average loss of 8%. This disparity between long and short-term holder performance often indicates a period of price discovery in the market.
The token’s current trading range places it at a critical price point. Technical analysis shows PEPE hovering near $0.0000019, which serves as an important support level. Should this level fail to hold, traders have identified $0.0000015 as the next potential support zone.
Trading volume patterns indicate increased market participation, with both retail traders and larger investors showing active involvement in PEPE token trading. This broader market engagement comes as the overall cryptocurrency market shows signs of stability.
Funding rates in the futures market remain neutral, suggesting a balanced dynamic between buyers and sellers in derivatives trading. This metric helps traders gauge market sentiment and potential price pressure in either direction.
The surge in whale activity has drawn particular attention from market participants. Large-scale movements often precede market volatility, as concentrated buying or selling can impact price action in tokens with smaller market capitalizations.
On-chain metrics continue to show evolving market dynamics. The 15% increase in active addresses suggests growing network participation, though this metric requires context as it can indicate either accumulation or distribution patterns.
The futures market data provides additional insight into trader positioning. The 18% rise in Open Interest over 48 hours shows increased capital flowing into PEPE derivatives trading, while the 62% long position ratio indicates trader optimism.
Current price action places PEPE at a decision point between key technical levels. The $0.0000019 support level represents a crucial threshold for short-term price movement, with traders closely monitoring volume patterns for signs of direction.
Market data shows funding rates maintaining neutral levels despite the increase in long positions. This balance between buyers and sellers in the derivatives market suggests measured speculation rather than overleveraged positioning.
Trading volume analysis reveals participation from various market segments, including both retail and institutional traders. This broad-based activity provides improved liquidity conditions for market participants.
The most recent data points to continued whale accumulation, with the 280 billion PEPE token withdrawal from Binance representing one of the larger single transactions in recent market activity.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
