Pepe (PEPE), a large-cap meme coin on Ethereum, has entered its sixth consecutive week of decline. Nonetheless, on-chain information reveals that sensible cash accumulation stays intact.
As meme cash lose favor amid weakening market liquidity, questions are rising over whether or not PEPE can stage a restoration.
Prime PEPE Whale Wallets Guess on a Bullish Reversal
Final month, James Wynn, a widely known dealer on Hyperliquid with giant PEPE lengthy positions, predicted that PEPE’s market capitalization may attain $69 billion by 2026. This forecast got here simply earlier than a pointy rally. Two weeks later, he confirmed that he had closed all positions and offered his total PEPE holdings.
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Regardless of this exit, different traders have continued to build up PEPE. On-chain information from Santiment reveals a notable shift in habits among the many high 100 largest wallets. Over the previous 4 months, following the broader market sell-off in October, these wallets have accrued roughly 23.02 trillion PEPE.
Santiment famous that enormous wallets usually play a decisive position in reversing altcoin traits and triggering sturdy worth rallies.
“Smart money wallets play a huge part in altcoins eventually reversing course and going on major runs. Retail sentiment is very bearish at the moment toward Pepe and meme coins, but expect that coins with heavy accumulation will inevitably have another breakout once Bitcoin is able to see some sustained bullish momentum.” — Santiment reported.
Pepe Prime Pockets Accumulation. Supply: Santiment
Analysts anticipate PEPE’s worth to rebound within the close to time period. Nonetheless, warning stays, as a possible new native backside may type earlier than any sustained restoration.
Trying to take a commerce into $PEPE
Construction signifies a change in pattern after taking out its All time Low, adopted by a powerful rejection forming liquidity.
We might play secure as we patiently anticipate the market to take out a bunch of cease losses at its present low, earlier than… pic.twitter.com/FXDDLbToLg
— Defi Priest (@0xBispo) February 10, 2026
PEPE’s restoration seems to have some basic help. Nonetheless, traders stay hesitant to allocate capital to meme cash beneath present market situations.
Market analyst Benjamin Cowen warned that, in a tightening liquidity atmosphere, meme cash are more likely to undergo essentially the most extreme affect. Some might even disappear fully.
Information on meme coin dominance within the altcoin market, which measures meme coin market capitalization as a share of whole altcoin capitalization, stays low.
A sustained rebound on this dominance ratio would offer a clearer sign of a broader restoration for PEPE and the meme coin sector as a complete.
