🐸 What’s Happened?
Over the past week, PEPE climbed approximately 52% from its June lows, reaching $0.000025, marking its strongest performance since early June . More recently, it surged about 14% in 24 hours, echoing broader market strength following Bitcoin’s move past $118K .
Whales Are Leading the Charge
Several on‑chain indicators point to serious accumulation:
Top 100 whale wallets boosted holdings by around 2.3% over the last month, while **exchange balances dropped 2.17%** .
A single whale reportedly bought $2.68 million worth (227 billion PEPE) within 12 hours .
From June 29 to July 9, whales accumulated over 9 trillion PEPE (~$90 million), reducing supply by nearly 3% .
With less floating supply and more held in private wallets, scarcity could fuel further price discovery—if momentum persists.
Technical Setup: Patterns in Play
After carving out a fallen wedge, PEPE broke higher, triggering a technical rally . A golden cross on daily moving averages—where the short-term MA crosses above the long-term MA—adds to the bullish setup .
That said, resistance near $0.000013–0.000015 remains a pivot zone, and a mixed MACD/RSI could nudge price sideways before another leg up.
Caveats Behind the Hype
Long-term, PEPE remains down ~60% from its all-time high in late 2024 .
Technical analysts warn of possible ~25% pullbacks to $0.0000083 before another breakout .
Meme coins carry high-risk: rapid reversals are common when volume cools or whales distribute.
Why This Rally Matters
It’s a litmus test for meme coin sentiment: whale accumulation + falling exchanges suggest conviction, not just retail noise.
It reveals how altcoins react to Bitcoin’s momentum: PEPE surged alongside broader crypto gains, not in isolation.
It highlights technical vs. emotional drivers: both chart patterns and psychology seem aligned—for now.
Your View Matters
This isn’t an invitation to buy or sell—just an exploration.
Does PEPE’s whale-driven setup feel sustainable?
Are these chart patterns convincing—or a setup for a fast drawdown?
Most importantly: Have you seen similar whale moves in other meme coins?