Following the sharp crypto market downturn, some of the largest investors have returned, pouring millions into HYPE and PEPE tokens.
Whales Return With Millions in Hand
After the recent crash that wiped nearly $500 billion off the crypto market’s value, large investors—commonly known as “whales”—have quickly begun taking advantage of discounted prices. On-chain data from Lookonchain shows that key wallets are accumulating HYPE and PEPE tokens, even as broader market sentiment remains uncertain.
The address qianbaidu.eth withdrew an impressive 657.8 billion PEPE tokens from Binance, worth approximately $4.44 million. Additionally, the same investor sent 8.67 million USDC to the Hyperliquid platform, later using it to buy HYPE tokens.
PEPE Remains a Whale Favorite
Another major player, identified as address 0x2bfb, spent roughly 4.97 million USDT to purchase 600.88 billion PEPE tokens. This suggests that despite the crash, meme tokens like PEPE continue to attract interest from large crypto holders.
Focus on HYPE – The Market’s New Star
Another prominent whale, using the address 0x9b83, acquired 140,145 HYPE tokens valued at nearly $5.5 million. This investor didn’t stop at buying — they also opened long positions in both Bitcoin (BTC) and HYPE, signaling strong confidence in a broader market recovery.
On-chain data shows that this wallet now holds over $14 million in assets, with a substantial share in HYPE—placing it among the largest holders of the token.
Analysis: HYPE and PEPE Token Trends
Renewed whale interest has brought HYPE and PEPE back into the spotlight.
- HYPE has dropped nearly 10% on the day to around $40.27 and is currently testing a key support zone between $40–$44. A bounce from this area could send it back toward $50 in the coming weeks.
- PEPE remains driven by market sentiment. It faces significant resistance around $0.00000725, and a breakout could lead to a move toward $0.00000750.
The Relative Strength Index (RSI) is slightly above the neutral zone, suggesting a potential short-term recovery, but also heightened volatility ahead.
Conclusion
Despite the sharp market decline, crypto whales are signaling confidence by accumulating millions in HYPE and PEPE tokens. This behavior often serves as a precursor to market trend reversals, as interest in meme tokens and emerging stars like HYPE remains high. Investors should closely monitor on-chain activity, which frequently foreshadows major price movements.
Frequently Asked Questions
Find answers to the most common questions below.
They're accumulating HYPE and PEPE tokens, signaling confidence in these assets despite the broader market downturn.
Despite volatility, its meme appeal and community strength keep whales interested in buying large amounts.
HYPE has drawn whale interest and is holding a key support zone. However, investors should watch for volatility and track on-chain trends.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
