PEPE Surges 17.7% Weekly as Whale Activity Drives Market Cap to $5.38B

PEPE has experienced a strong upward trend in the past 24 hours, with its price rising to $0.000013, reflecting a daily increase of $0.0000029 and pushing its market capitalization to approximately $5.38 billion, ranking it 22nd among cryptocurrencies. The asset has shown robust trading activity and significant volatility, gaining 17.7% over the past week and 106.4% over the last month, supported by heightened market interest and active participation.

The recent price surge is attributed to a combination of factors, including increased retail and institutional activity, a bullish technical setup, and notable whale transactions. Smart money wallets sold around 1 trillion PEPE for over $3.5 million in profit, while a separate transfer of 500 billion PEPE to Binance contributed to a spike in on-chain transaction volume and short-term volatility. Technical indicators such as an RSI of 68 and a bullish MACD crossover signaled strong buying pressure, although the market briefly shifted to a more neutral stance following the whale transfer. Broader market sentiment, driven by gains in tech stocks and rising inflows into crypto-related ETFs, has further supported speculative assets like PEPE. However, ongoing whale activity and overbought signals suggest traders should monitor for potential pullbacks or breakouts around key resistance and support levels.