PEPE Rises 3% as Whale Investors Accumulate Despite Market Uncertainty
PEPE (PEPE) has seen a fresh wave of accumulation from whale investors, who increased their holdings by 1.75% to a total of 303 trillion tokens over the past month, according to Nansen data. At the same time, the token’s supply on crypto exchanges has dropped by 2.9%, signaling growing demand and a tighter market for available tokens.
In the past 24 hours, PEPE has gained about 3%, trading in a narrow band between $0.0000099035 and $0.0000102814, before nudging higher to $0.00001043. Despite this modest price range, trading activity has stayed strong, with as much as 5.64 trillion tokens changing hands during the peak trading hour, per CoinDesk Research’s technical analysis model.
PEPE maintained support above $0.000010200 throughout the session, seeing bursts of buying activity that helped push prices slightly higher.
This upward move comes amid a broader rally in altcoins, as the CoinDesk 20 Index advanced 2.6% in the last day. Crypto markets overall continue to hold steady despite concerns over U.S. President Donald Trump’s new tariffs, which are set to take effect on August 1.
Still, PEPE, like many other meme coins, remains highly volatile and driven by a mix of online buzz and technical trading signals.
