The PEPE cryptocurrency — a meme-inspired token with a loyal community — saw its price climb over 3% in the past 24 hours, supported by increased whale accumulation and a noticeable drop in exchange-held supply. This bullish shift comes as the broader crypto market recovers from macroeconomic pressures, including geopolitical tariff concerns.
PEPE Price Performance: Technical Support Holds Strong
In the last 24-hour session, PEPE traded between $0.0000099035 and $0.0000102814, briefly touching $0.00001043 during moments of elevated activity. The token has established a key support level above $0.00001020, where repeated buying interest helped sustain upward momentum.
More than 5.64 trillion tokens changed hands during the session’s peak hour, reflecting robust demand and speculative activity.
This sharp increase in trading volume — despite modest price movement — suggests that traders are positioning ahead of a potential breakout or bullish continuation.
Whale Accumulation Signals Growing Long-Term Interest
Data from Nansen shows a notable shift in whale behavior, with large PEPE holders increasing their collective stash by 1.75% to 303 trillion tokens. At the same time, the supply on centralized exchanges declined by 2.9% over the past 30 days.
This inverse relationship — increasing whale holdings and decreasing exchange balances — often reflects growing investor conviction and reduced short-term selling pressure.
When tokens move off exchanges into long-term wallets, it often means holders are planning to hold rather than trade, which can lower circulating supply and support upward price pressure over time.
Broader Crypto Market Shakes Off Tariff Concerns
PEPE’s performance is in line with a broader altcoin recovery. The CoinDesk 20 Index, which tracks top-performing digital assets, rose 2.6% in the last 24 hours. The gains came despite new tariff announcements from U.S. President Donald Trump, scheduled to take effect on August 1.
Rather than triggering a sell-off, the market appears to have priced in the geopolitical risk, shifting focus back to technicals and fundamentals.
What This Means for PEPE Going Forward
The combination of:
- Increased whale accumulation
- Reduced exchange supply
- Steady technical support above $0.00001020
…paints a cautiously optimistic picture for PEPE’s near-term trajectory.
As a meme coin, PEPE remains prone to volatility and online hype. But the current setup suggests strong under-the-hood metrics are supporting its recent rally.
If broader market strength continues and whales maintain accumulation patterns, PEPE could potentially attempt a breakout beyond $0.00001050, with short-term traders eyeing the $0.00001100 level as the next resistance.
Conclusion
With strong whale interest and reduced exchange liquidity, PEPE appears to be building a foundation for further upside, even as macro factors loom. While meme coins are always a speculative play, current metrics suggest serious money may be backing the fun.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.