Pepe Coin news has taken a bullish turn this week as the popular Ethereum-based memecoin rebounded sharply from recent lows, gaining over 10% in four days.

A combination of technical indicators, smart money inflows, and improving market sentiment suggests Pepe may be preparing for another leg up, with analysts now eyeing price targets in the $0.000015–$0.000016 range.

Smart Money Pours In as Sentiment Shifts

Pepe’s rally began following a sharp retest of key support at $0.00001107 on May 31. The price quickly bounced back, forming four consecutive green candles on the daily chart and reclaiming the 50% Fibonacci retracement level at $0.00001227. This move was fueled in part by renewed optimism in the derivatives market, where open interest surged 6.47% to $537.96 million, reflecting growing confidence among traders.

Supporting the bullish momentum, data from Nansen shows that smart money wallets have accumulated over 642 billion Pepe coins in the past 30 days, a 150% jump. Whale addresses also expanded their holdings by 4% to 10.06 trillion PEPE coins. At the same time, the total exchange supply of Pepe has dropped from 160 trillion to 104.85 trillion since January, signaling that long-term holders are choosing to retain their positions rather than take profits.