A wallet linked to Justin Sun received 7.2 trillion PEPE tokens worth about $28.44 million, sparking renewed interest in whale accumulation ahead of a potential memecoin cycle. PEPE's spot market saw a reversal with $2.17 million net outflows, supporting the accumulation narrative. Despite a 28.56% drop in derivatives volume, traders maintain a slight bullish bias with long positions favored. Technical indicators show PEPE attempting a recovery, aiming to break the $0.0000050 resistance level, which could confirm a bullish trend if surpassed.
Regarding the memecoin PEPE and recent large token movements, here is Pluang's market snapshot as of Oct 22, 2026 22:51 WIB: Out of 50 major cryptocurrencies priced on Pluang, only 4 rose while 45 fell today. Notable movers include ENJ (Enjin Coin) at Rp481 with a 1-day change of -6.53% and Pluang order activity showing 86% Sell / 14% Buy, BAT (Basic Attention Token) at Rp3.037 down 6.23% with 57% Sell / 43% Buy, and MANA (Decentraland) at Rp1.501 down 6.01% with 8% Sell / 92% Buy. The most notable figure is ENJ's 86% sell activity on Pluang.
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