According to Santiment, large holders (“whales”) aggressively accumulated PEPE in December 2025 — and notably, they have not reduced their positions since.

This behavior suggests:

• strategic positioning rather than short-term speculation
• confidence in further upside or future narrative-driven momentum
• limited large-scale distribution pressure (for now)

In memecoin markets, whale positioning often plays a critical role in:

• liquidity dynamics
• volatility spikes
• trend acceleration phases

However, concentration risk remains high. If whale wallets begin to distribute, price reactions can be sharp and fast.

For traders, monitoring large wallet activity, exchange inflows, and social sentiment remains essential when dealing with high-beta assets like PEPE.

📊 Source: Santiment