$PEPE 24h Surge (+1.99%) Driven by Whales, Breakout & Meme Hype Amid BTC Rally
$PEPE's latest price bump reflects strong whale accumulation, a confirmed bullish breakout, and growing meme coin momentum as Bitcoin pushed to $118K.
Whales are stacking: Top holders increased their bags by 2.3% in July, now owning 304.1T PEPE.
Exchange reserves dropped 2.17%, cutting sell pressure.
Whale wallet 0x06b3 scooped up 227.8B PEPE ($2.68M) right before the price took off — a bullish signal.
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🔍 Technical Outlook: Breakout Confirmed
Price smashed through the $0.000013 resistance (Fib 23.6%), breaking a 3-week downtrend.
RSI sits at 63.35 — still room before overbought.
MACD flipped positive (+0.00000038278), supporting momentum.
Key support now sits at $0.000012, matching the 7-day SMA.
📈 Meme Coin Surge: Bitcoin Sparked the Fire
BTC’s new ATH at $118K on July 11 ignited meme coin hype, with the sector jumping 11.3% in 24h.
$PEPE trading volume surged to $1.06B — up 70%, outpacing both DOGE and SHIB.
Social buzz on “#pepe” exploded 320% thanks to chart posts and influencers hyping the move.
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🚨 Final Take:
PEPE’s price action is fueled by whale activity, technical strength, and the meme sector’s reaction to Bitcoin’s rally. A daily close above $0.00001350 (July 12 high) would confirm further upside — but keep in mind: nearly 45% of supply is whale-controlled, which could amplify volatility.
Question:
Can PEPE’s social momentum keep it flying if Bitcoin starts to cool off?
