Usman Salis
PEPE climbs 3% in 24 hours while whale holdings surge 1.75% to 303 trillion tokens. Exchange supply drops 2.9%, suggesting potential squeeze ahead.
PEPE token caught fire today, posting a solid 3% gain over the past 24 hours despite all the market noise. The meme coin traded between $0.0000099035 and $0.0000102814 before pushing up to $0.00001043 in recent action.
What's really grabbing attention isn't just the price bump - it's the massive trading volume behind it. During the busiest hour, traders moved a whopping 5.64 trillion PEPE tokens, showing there's real interest brewing despite ongoing market jitters.
PEPE Price Gets Whale Power Behind It
Here's where things get interesting. Big holders - the whales - have been quietly accumulating PEPE, boosting their stash by 1.75% to reach 303 trillion tokens, according to Nansen data. That's a serious vote of confidence from the smart money.
At the same time, PEPE supply on exchanges dropped 2.9% over the last 30 days. When whales are buying and exchange supply is shrinking, it often sets up a nice squeeze play. Less available to trade means any buying pressure can push prices higher faster.
The token found solid ground above $0.000010200, with several quick spikes showing buyers are ready to step in. That's a healthy sign for anyone watching the technical setup.
PEPE Rides the Altcoin Wave
PEPE isn't flying solo here. The whole altcoin market is having a moment, with the CoinDesk 20 index up 2.6% in the past day. Crypto seems to be brushing off worries about Trump's new tariffs coming August 1st.
This broader market strength is giving meme coins like PEPE extra juice. These tokens tend to move big when the overall mood turns positive, as traders get more comfortable taking risks on the wilder plays.
What's Next for PEPE Price
The setup looks pretty interesting right now. You've got whales accumulating, exchange supply dropping, and solid trading volume backing the move. That's not your typical meme coin pump built on hype alone.
Meme coins are notorious for wild swings driven by both technical signals and internet buzz. But PEPE's current rally seems to have some real substance behind it, which could help it hold these gains and maybe push higher.
The 5.64 trillion token volume during peak hours shows genuine interest, not just artificial pumping. Combined with the whale activity, it paints a picture of a token that's attracting serious attention from people who actually know what they're doing.
Usman Salis
