The wild performance of meme coins is back! After experiencing a 24% surge and successfully breaking through the key resistance of $0.0000060, PEPE has entered a brief consolidation—at the time of writing, it has pulled back about 4% on the day.
This is not surprising. The frog army is engaged in fierce confrontation with the 'hardcore supply zone' that it has failed to break since February.
However, the undercurrents in the on-chain data indicate that PEPE's battle is far from over. In fact—challenging $0.000010 in May is not a pipe dream.
Investors are switching positions, but FOMO sentiment is brewing in the background. Typically, as important resistance zones approach, investors are prone to panic selling, fearing they might get stuck at the peak. But this time, PEPE's performance is different from before:
Realized profit metrics show that although there are profit-taking actions, the price still maintains relative elasticity.
This indicates that most people have chosen to hold their positions tightly, unwilling to exit easily.
Driven by FOMO (Fear of Missing Out), new buyers are continuously stepping in, effectively offsetting the selling from old players.


More importantly:
The holdings of the top 1% of PEPE addresses have risen to a new high for the year—85.162%;
At the $0.00000884 position, the number of new addresses surged to nearly 1,387 per month, reaching a peak.
This means that large funds are accelerating their buying, with fresh blood continuously flowing in.
Breaking through $0.000010, will May witness a key battle? From a technical perspective:
PEPE's 24% increase this week has outperformed other meme coins like DOGE and SHIB;
In just two weeks, PEPE has challenged the $0.0000090 area for the fourth time and has notably stabilized there; this is not an ordinary rebound, but a signal of breaking through psychological barriers after continuous efforts.
Although the current RSI (Relative Strength Index) is at a high level, there is short-term adjustment pressure in the market, but from a broader perspective, this slight fluctuation looks more like a washout rather than a peak.
Those with weak resolve among short-term speculators have been eliminated, leaving more ample offensive space for the bulls.
As long as PEPE can successfully break through and stabilize above the $0.000010 mark, May is likely to initiate a new round of upward momentum, challenging higher supply zones!
In summary: Three points to note about PEPE's May battle are: on-chain data is bullish: large holders are increasing their positions, new buyers are active, fundamentals are healthy;
The technical critical point: $0.000010 has become an important threshold for determining the trend;
Emotional factors are strong: FOMO sentiment is thick, boosting the bulls.
In simple terms, PEPE is currently in a phase of consolidation before a breakthrough. If it can successfully cross the psychological barrier, May may witness a new round of explosion.

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