PEPE Surges 25% as Whale Accumulation and Futures Interest Drive Recovery

Large Investors Return as Token Supply Tightens

PEPE has experienced a notable weekly rally of approximately 25%, with sustained bullish momentum carrying through recent trading sessions. On-chain signals indicate that major holders are actively accumulating tokens while supplies available on trading exchanges contract sharply.

Data shows seven PEPE transactions exceeding $1 million each occurred on Thursday—the highest daily count since mid-March—suggesting renewed activity among whale-tier investors. More tellingly, major token holders increased their combined holdings to 84.04 trillion PEPE from 80.50 trillion over the past week, representing a net accumulation of 3.54 trillion tokens. Simultaneously, the quantity of PEPE stored on cryptocurrency exchanges fell to 81.30 trillion from 82.75 trillion, removing 1.45 trillion tokens from immediate trading availability. This combination—rising non-exchange holdings coupled with shrinking exchange reserves—typically signals that large investors are removing liquidity to long-term positions.

Derivatives Markets Show Heightened Bullish Positioning

Speculative interest in PEPE has also intensified meaningfully. Futures open interest reached $250 million, a three-month peak, climbing $41 million from the previous day in roughly 19.6% growth. The positive funding rate of 0.0095% indicates that long-position holders are paying short traders, reflecting broad bullish sentiment. However, concentrated leveraged positioning also raises liquidation risks should momentum reverse sharply—a particular concern for meme coins prone to volatility.

Technical Breakout Opens Higher Targets

PEPE’s price action has cleared several key technical barriers. The token has surpassed its 50-day and 100-day moving averages at $0.00000283 and $0.00000300 respectively, alongside its June 15 resistance level at $0.00000314. MACD indicators have turned bullish, with the convergence divergence line crossing above its signal line and moving into positive territory, signaling strengthening buying momentum.

The immediate obstacle sits at the 200-day exponential moving average near $0.00000363. A sustained break above this long-term trend indicator would represent decisively bullish confirmation and could clear the path toward the May 10 high of $0.00000459. Should momentum falter, support levels at the 100-day and 50-day moving averages remain available. This convergence of large-holder accumulation, shrinking supply, and rising leverage signals renewed risk appetite across alternative asset categories that often lead broader market sentiment shifts.

Source: the source. Not financial advice.