Pepe Coin Surges 11.364% Amid Whale Accumulation and Bullish Signals

Pepe's latest price was $0.00001232, up 11.364% in the last 24 hours. Pepe Coin, inspired by the internet-famous frog character created by Matt Furie in 2005, has gained significant attention in the cryptocurrency world. The character, known for its "Feels good man" catchphrase, became a viral meme icon and paved the way for the launch of Pepe Coin. The PEPE project was officially announced on X (formerly Twitter) on April 4, 2023, and launched just 10 days later on April 14. It quickly climbed into the top three meme coins by market cap, showcasing its rapid rise in popularity.

Despite its initial success, Pepe Coin faced challenges in June and early July 2025. However, on July 9, the trend reversed, and Pepe saw a notable jump before experiencing a slight pullback. This volatility is not uncommon for meme coins, which are often subject to significant price fluctuations based on market sentiment and hype cycles.

One of the key factors influencing Pepe Coin's trajectory is whale accumulation. Exchange balances have fallen to multi-year lows, indicating that most holders are not selling. Additionally, whale accumulation has been increasing, suggesting that large investors are betting on a rebound. This accumulation, along with the formation of a falling wedge pattern, has raised hopes for a potential bullish reversal.

Veteran trader Matthew Dixon has expressed concerns about the current rally of Pepe Coin. He pointed out that despite the recent bullish vibes, the chart indicates a Head and Shoulders pattern forming, along with a corrective wave structure and a hidden bearish divergence on the RSI. These signals suggest that the current move might not hold up, raising immediate concerns about a short-term pullback.

The daily PEPE chart shows a clear Head and Shoulders pattern, with the left shoulder appearing in late 2023, the head forming during a sharp rally in early 2025, and the right shoulder currently taking shape. The price continues to trade below a key descending trendline, which has capped each attempt to break higher. The neckline zone between $0.00001150 and $0.00001200 has been tested multiple times but not reclaimed, remaining a major resistance level.

A hidden bearish divergence on the RSI adds more pressure, as the RSI has been posting higher highs while the price action has been horizontal or trending downward slightly. This divergence suggests that momentum is weakening even when the price is attempting to rally. The recent moves of PEPE resemble a corrective wave structure, which often appears during relief rallies and not during strong uptrends.

PEPE's closest support sits between $0.00000800 and $0.00000850. If the price drops below $0.00000900, there's a good chance it could slide back into that range. And if $0.00000800 doesn’t hold, the next area to watch would be somewhere around $0.00000680 to $0.00000720. For the bulls to really flip the script, PEPE price would need to break above that downtrend line, close above the neckline with strong volume, and show some real strength by pushing the RSI past 65. Without those pieces in place, the setup still leans bearish.

Despite the concerns, Pepe Coin has shown signs of a bullish phase, with its volume rising to its highest level in a month and its indicators beginning to exit oversold positions. The relative strength index (RSI) crossed 50 in the past couple of days and looks strong enough to reach 70 or higher. The MACD is about to turn positive, heralding a period of growth for the token. PEPE’s trading volume has also risen significantly, signaling a big increase in demand, with recent weeks seeing some whales accumulating significant sums of PEPE once again.

Some analysts are beginning to talk up its chances over the coming months, with X-based trading account CryptoELITES suggesting that it has the potential for a 40x increase by November of this year. This is a hugely bullish prediction, but if the market can continue its recovery in this second half of the year, then there’s every chance that the Pepe price could make some serious headway. This may depend on a resolution to the issue of tariffs, which has weighed down prices in recent weeks and days, but if things do become more positive PEPE could potentially reach $0.000020 by the end of August.

Because PEPE is a meme token, there’s always a risk that its rallies will run out of steam and that it may dump as quickly as it pumped. If so, traders may prefer to look at meme coins with some utility and fundamentals, with one promising alternative being Snorter (SNORT), a new trading bot token. It launched its presale a few weeks ago and has already gone on to raise $1.5 million while also amassing 14,000 followers on X. This makes it one of the fastest-growing presales in the market right now, and the main reason for its popularity is its utility as a trading bot. It will offer automated sniping functions, meaning that it will identify emerging tokens before they become big, making trades on behalf of users. Other features will include copy trading of whales, atomic swaps, limit orders and protection against scams. Its native token SNORT will provide holders with access to these features, while holders will also be able to stake it for a passive income. It therefore has the potential to blow up, with investors able to buy it early by going to the official Snorter website.

The memecoin project Little Pepe has advanced significantly in its presale stages, successfully concluding Stage 4 and transitioning into Stage 5. Stage 4 concluded with substantial investor participation, raising $4.5 million and demonstrating strong market confidence in the project. The presale progression highlights increasing demand, with Stage 5 offering tokens at a new price point reflecting the next phase of availability. The project capitalizes on the cultural resonance of the Pepe meme while emphasizing a differentiated approach within the memecoin sector through technological infrastructure.

Central to Little Pepe's value proposition is its underlying blockchain architecture. The project has developed the Little Pepe Chain, a dedicated Ethereum Layer 2 solution engineered for scalability, security, and low transaction costs. This custom-built network is fully EVM-compatible, enabling seamless interaction with the broader Ethereum ecosystem. By positioning $LILPEPE as the native utility token within this Layer 2 environment, the project aims to transcend typical memecoin limitations, facilitating functions like transaction fees and network operations, and supporting a developing ecosystem intended to avoid congestion and high fees prevalent on mainnets.

Separately, the original Pepe ($PEPE) memecoin has exhibited notable whale activity on-chain. Recent data indicates a measurable accumulation trend, with large holders increasing their collective $PEPE holdings by 1.75%, bringing the total held by these prominent addresses to 303 trillion tokens. Concurrently, the token's supply available on cryptocurrency exchanges decreased by approximately 2.9%, suggesting potential reduced immediate selling pressure or strategic withdrawal from trading platforms by holders.

Little Pepe's roadmap focuses on continued ecosystem expansion following its presale milestones. Plans involve broadening market awareness, strengthening its community engagement, securing exchange listings, forging strategic partnerships, and enhancing the Layer 2 network's capabilities to support future applications. The project frames itself as representing an evolution within the memecoin sector, merging internet culture virality with substantive blockchain infrastructure targeting high-volume user interaction and efficient transactions.