Strong whale interest, Ethereum’s rally, and bullish technical patterns signal a major move for the second-largest meme coin on Ethereum.
Whale Accumulation Signals Investor Confidence
Pepe Coin has seen major accumulation, with whales buying 650 billion tokens in just 30 days.
- These large holders now control 8.79 trillion PEPE coins, according to Nansen data.
- The top 100 holders have increased their holdings from 300 trillion to 306.84 trillion in a month.
This rapid buildup reflects growing investor confidence and a potential price rally.
Exchange Reserves at Multi-Month Lows
Pepe tokens held on exchanges have dropped to 253.40 trillion, the lowest in months.
- This outflow from exchanges often indicates strong holding sentiment, reducing selling pressure.
- It also suggests that investors are expecting higher prices and are positioning accordingly.
This dynamic supports price stability and increases the likelihood of upward movement.
Ethereum Rally Acts as a Catalyst
Pepe is closely tied to Ethereum’s performance.
- Ethereum recently jumped to $0.000015, bouncing strongly from a low of $0.000009850.
- As Ethereum continues to gain, ecosystem tokens like Pepe benefit from the bullish momentum.
Pepe’s position as the second-biggest meme coin on Ethereum makes it highly responsive to ETH trends.
Bullish Technical Indicators Emerge
Technical analysis shows that Pepe is on the verge of a breakout.
- It has formed a bullish double-bottom pattern near $0.000009850.
- The neckline of this pattern sits at $0.00001265, nearing a breakout point.
Simultaneously, a symmetrical triangle is forming — a classic setup for sharp price moves.
- If it breaks out, analysts project a price target of $0.00001890, a 65% increase from current levels.
Positive Funding Rate Confirms Bullish Bias
Pepe’s weighted funding rate remains in the green, showing that:
- Bulls are paying bears, signaling bullish dominance in the perpetual futures market.
- This reinforces expectations of a sustained rally in the near term.
The funding rate is a real-time indicator of market sentiment, and its current status supports the technical signals.
