#PEPE‏

Early positive signs have led to a significant demand for the currency, rekindling hopes among small investors and smart investors for a price increase to $1.

Market participants shifted from calm to accumulation in the early days of the new month, enhancing the positive outlook for Pepe's price forecasts as trading volume reached unprecedented levels since early June; the trading volume, exceeding $1.4 billion in the past 24 hours, drove the price of this meme coin up by 15% at the beginning of July.

This increase seems to be driven by more than just small investors' participation, as it is clear that whales are significantly contributing to the buying activity, with their holdings of the currency increasing by more than 5% over the past month to reach $7.95 billion according to data from Nansen.

Smart investments typically lead the rest of the market, making the coming month a potential turning point for Pepe's price, which is still down 60% from its all-time highs recorded in late 2024.

Moreover, the total supply of Pepe coin on trading platforms has dropped to its lowest level in over two years, reaching 246.82 trillion coins, a decrease of 2.66%.