Usman Salis
PEPE just exploded to $0.000015 on Saturday, crushing its weekly low of $0.000009850. The frog-themed meme coin is having a moment, and it's not just retail FOMO driving this rally.
Jerome Powell's dovish comments got the crypto market pumping, Ethereum jumped 11.25%, and here's the kicker – whales are going absolutely wild buying PEPE tokens.
PEPE Whales Are Loading Up Big Time
Nansen data shows crypto whales now hold 8.79 trillion PEPE tokens – that's 650 billion more coins than just a month ago. The top 100 holders bumped their stash from 300 trillion to 306.84 trillion tokens.
All this buying pressure created a supply crunch, with exchange holdings hitting a multi-month low of 253.40 trillion tokens. When whales move coins off exchanges, they're basically saying "we're not selling anytime soon."
PEPE Price Chart Screams Bullish Breakout
The charts are telling a clear story. PEPE formed a double-bottom pattern at $0.000009850 and is now creeping toward key resistance at $0.00001265. Break through that level, and we could see fireworks.
The technical setup shows a symmetrical triangle pattern that suggests PEPE could hit $0.00001890 if this breakout happens. That's a solid 65% gain from current levels.
PEPE's funding rate stayed positive all month, meaning traders are paying extra to bet on higher prices. With Ethereum crushing it lately, meme coins in its ecosystem are getting a nice tailwind too.
Usman Salis
