PEPE Rallies 14% as Whales Accumulate, Riding Bitcoin’s Break Above $118K
PEPE climbed 14% over the past day, fueled by significant whale buying and a market-wide crypto surge that saw Bitcoin smash past the $118,000 mark.
The memecoin advanced from $0.000011141 to a peak of $0.000012812, showcasing heightened trader interest in speculative assets. Over the same period, the CoinDesk 20 Index rose 7.3%, while the CoinDesk Memecoin Index surged 11.3%.
Nansen data revealed the top 100 PEPE wallets boosted their holdings by 1% to 304.1 trillion tokens, as exchange balances continued to decline—signaling reduced sell-side pressure and the potential for further gains.
In the past month, whale wallets have increased their PEPE holdings by 2.3%, while the token’s presence on centralized exchanges has fallen 2.17%, now standing at 252.2 trillion tokens.
Technically, PEPE saw a volatile session, ranging 18% between a low of $0.000009823 and a high of $0.000013068. Resistance emerged around $0.000012482, where high trading volumes temporarily stalled upward momentum, while support solidified near $0.000011013.
Analysts believe that if whales keep accumulating and exchange supply continues shrinking, PEPE may maintain its momentum—especially if Bitcoin’s rally persists.
