The price of Pepe (PEPE) rose by 10.7% in 24 hours, driven by Bitcoin's new all-time high and a rotation in the memecoin sector, reinforced by accumulation from large investors ("whales") and technical breakout signals.
1. Bitcoin's all-time high rally increased the risk appetite for memecoins.
2. Whales accumulated over 90 million dollars in PEPE in 10 days, reducing the available supply on exchanges.
3. The technical breakout above a key Fibonacci level confirmed the bullish momentum.
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