Whales Buy 23T PEPE Tokens After 73% Price Collapse

Edgen Crypto

·Feb 11 2026, 06:44

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Key Takeaways

Pepe coin is experiencing significant buying pressure from large-scale investors, known as whales, following a major market correction. This accumulation near a key support level suggests these investors may believe the token is undervalued, potentially setting the stage for a price reversal.

Massive Whale Accumulation: Large holders have acquired 23.02 trillion PEPE tokens.
Post-Correction Entry: The buying follows a steep 73% collapse in PEPE's market capitalization.
Potential Price Bottom: This whale activity near a critical support zone could signal a potential trend reversal and attract speculative interest.

Whales Accumulate 23T PEPE After 73% Market Cap Collapse

Data from February 11, 2026, reveals that large-scale investors have significantly increased their holdings of Pepe (PEPE), accumulating 23.02 trillion tokens. This strategic accumulation by so-called "whales" comes directly after the meme coin's market capitalization plummeted by 73% from its previous highs. The substantial buying activity indicates a calculated move by major market participants to enter positions at what they may perceive as a discounted valuation.

PEPE Tests Critical Support as Market Seeks Direction

Following the extensive drawdown, PEPE's price is now hovering near a critical technical support zone. The whale accumulation at this level suggests an attempt to establish a price floor. For investors, this action presents a pivotal moment. The influx of large capital could absorb selling pressure and provide the foundation for a price recovery. However, the market sentiment remains uncertain, and it is yet to be seen whether this move will inspire broader confidence or simply become exit liquidity for other market participants.