Whale Pulls 800B PEPE From Coinbase Prime as Token Eyes Critical $0.0000041 Breakout Level!

A single wallet — identified on-chain as 0x2Dc8 — withdrew 800 billion PEPE tokens ($3.08M) from Coinbase Prime last week, eight months after pulling 600 billion at what was then a $7.32M valuation. The repeat accumulation comes despite the position being underwater by roughly $5M, a signal that conviction hasn't wavered even as PEPE trades around $0.0000037, some 54% below its December 2024 all-time high of $0.00002803.

Volume is running 72% above average, with daily turnover holding between $367M and $437M — demand hasn't evaporated. The technical picture, however, demands patience: $0.0000041 is the line that separates continuation from chop. A clean daily close above it flips the level to support and opens a path toward $0.0000052. Below $0.00000361, the structure weakens fast with a likely flush toward $0.0000030.

The macro backdrop offers some tailwind — spot Bitcoin ETFs have…