Crypto Market Boosts PEPE Momentum
The crypto market is on the rise again, with Ethereum (ETH) leading the way after climbing 58% in the past month, now trading above $2,600. This bullish momentum is spreading to memecoins, including Pepe (PEPE), which has already gained +89% in the last 30 days.
But beyond price charts, on-chain data is flashing fresh bullish signals for PEPE, suggesting more upside could be ahead.
Why Short-Term Holder Activity Matters for PEPE
According to market analyst Max, the number of short-term PEPE holders (wallets holding PEPE for less than 30 days) is rising sharply.
Why is this important?
A rise in short-term holders often means new investors are entering the market.
Historically, spikes in these short-term holders have been a precursor to PEPE price rallies.
Before the +800% rally in February 2024, there was a sharp increase in short-term holders.
A similar pattern occurred before the +200% surge in October 2024.
On the flip side, when short-term holder activity declines, it has often led to price stagnation or pullbacks.
Current Situation:
PEPE is now breaking out of a 4-month downtrend.
The number of new short-term holders is climbing again, just like before past rallies.
This increase from a low base of activity is a strong bullish signal, echoing the early stages of past major uptrends.
What Could Happen Next?
While the crypto market is always unpredictable, several factors are currently aligning in PEPE’s favor:
✅ Bullish price action with strong recovery signs.
✅ Rising short-term holder activity, indicating fresh demand.
✅ Ethereum’s uptrend lifting overall memecoin sentiment.
✅ Speculative interest returning to memecoins like PEPE.
If this momentum continues, PEPE could:
Retest its previous all-time highs.
Potentially set new price records in the near term.
Key Takeaway
On-chain signals are bullish for PEPE.
A growing number of new holders suggests a renewed wave of interest and buying pressure.
Combined with positive market conditions, this could fuel another big move up for PEPE.
Traders watching memecoins should keep an eye on this setup — PEPE’s rally may just be getting started.