Will Pepe Coin Price Double as Whales Accumulate $1.14B PEPE?

Pepe coin price, a popular meme coin, has experienced a significant surge over the past month, positioning it among the top gainers. Recent market trends show that whale investors accumulated an excess of a billion US dollars worth of PEPE, signaling massive confidence. This outlook is echoed by analysts that predict an upward breakout could be imminent for this frog-based crypto.

Can Pepe Coin Price Double with Whales Hoarding $1.4B PEPE?

Crypto whales have significantly increased their PEPE token holdings, contributing an additional $1.14 billion in value. The latest data shows wallets holding over $10 million in PEPE surged by 147.81% over the past month. This growth indicates heightened whale interest in the token, potentially influencing its future market trajectory.

Investors with $1 to $10 holdings dropped by 29.69%, while $100 to $1k wallets rose by 21.53%. The highest percentage growth came from wallets between $1 million and $10 million, jumping by an impressive 119.91%. This distribution highlights shifting dynamics among retail and institutional investors.

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PEPE Price Eyes 160% Breakout as Cup and Handle Forms

Crypto experts recently highlighted a significant surge in Pepe Coin price, showcasing a remarkable 160% price increase. The price movement displayed on a chart reveals a breakout from a consolidating wedge pattern. This rally has drawn attention within the cryptocurrency community, as it signals strong bullish momentum for the meme-inspired token.

The technical chart illustrates PEPE’s upward trend, with the breakout followed by a substantial rally. PEPE draws significant attention as technical charts reveal a classic “cup and handle” pattern, often associated with bullish trends. The pattern visible on PEPE’s trading chart suggests a consolidation period before a potential upward surge. 

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PEPE Price Hits ATH; Is More Gain Ahead?

In the past 24 hours, the PEPE price has reached an all-time high of $0.00002748, marking a significant milestone. This surge represents a 10% increase at $0.000027, with the token showing strong upward momentum throughout the day.

The meme coin has fluctuated between a low of $0.00002444 and its record high, reflecting heightened activity and investor interest.

The Pepe could break the $0.00003 level if the bullish pressure gains. A breakout past these levels could fuel renewed momentum for PEPE, potentially driving prices higher, aiming at $0.00005 and above. However if bears gain more power could lead the PEPE price to hit $0.00002 support level soon.

Pepe Coin’s recent momentum, driven by whale accumulation and bullish patterns, hints at potential gains. However, breaking resistance levels remains critical for sustaining this rally and achieving further highs.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.