The purchase of PEPE for $ 3.45 million can trigger a 112% increase in the token

One of the largest recent transactions involving the Pepe token (PEPE) — the purchase of 386.45 billion tokens for $ 3.45 million by Cumberland — has been the subject of active discussion on the crypto market. Cryptokit acquired tokens from Bybit, OKX, and Coinsquare, which analysts saw as a potential signal for further price movements, as such large players often prepare for significant market changes.

It is important that the volumes are not withdrawn into fiat or other assets, but redistributed between wallets, as this reduces the risk of immediate selling pressure. This strategy may indicate preparations for an attempted price reversal amid a market downturn and can be seen as a potential signal for smart money.

Currently, PEPE is trading under a downward trend channel, and the price is approaching the key support level of $ 0.761, which is where the token has already shown a 112% jump in May 2025. If this level is maintained, the price may continue its upward trend. At the same time, the loss of support could lead to a further decline to the $ 0.705-$ 0.740 zone.

Technical indicators are currently pointing to a sellers' advantage: MACD is showing a bearish line crossover, and momentum is weakening. However, if the market maintains the price at current levels and a bullish divergence appears, it could signal a reversal.

Particular attention should be paid to the liquidation zones: between $ 0.867 and $ 0.93, there is a cluster of orders that can cause both sharp falls and short-term «short squeezes» if the levels are broken. The key levels for further dynamics are $ 0.761 for support and $ 0.980 for changing the market structure.