PEPE Surges 1.57% as Retail Buying Boosts Accumulation

PEPE, a memecoin, experienced a significant accumulation event as five wallets collectively purchased 611 billion tokens worth $4.28 million within eight hours. This concentrated buying sparked discussions about the potential next move for PEPE. At the time of reporting, PEPE was trading at $0.00000711, reflecting a 1.57% increase over the past 24 hours.

On-chain activity indicates a resurgence in retail interest. Over the past week, active addresses increased by 0.47%, showing a modest rise in network engagement. However, new addresses dropped by 6.78%, suggesting limited user growth. Additionally, there was a 67.4% increase in transactions valued under $1, reinforcing the idea that smaller traders are accumulating. In contrast, higher transaction tiers, such as the $10k–$100k range, declined by more than 23%, signaling that whale participation has yet to rebound meaningfully.

Volatility levels have cooled notably in recent days. PEPE’s 30-day volatility dropped from 146.37% to 115.24%, suggesting a shift from high uncertainty to more stable price action. This decline often precedes strong directional moves as market tension builds in consolidation phases. From a technical perspective, PEPE broke above its recent descending channel and reclaimed the $0.00000700 level. The 9-day and 21-day moving averages are converging and may cross soon, hinting at a bullish trend change. Immediate resistance is at $0.00000737. If that level gives way, $0.00000884 would be next in line. On the flip side, $0.00000698 remains the key support, keeping the bullish tilt intact as long as it holds.

Whale activity paints a mixed picture. Over the past 30 days, large holder inflows dropped by 74.15%, indicating reduced accumulation among major players. However, outflows also declined sharply by 76.75%, showing that whales are not exiting aggressively. Looking at the 90-day trend, inflows dipped slightly by 7.05% while outflows increased by 22.24%, hinting at mild profit-taking but not full distribution.

In the derivatives market, open interest declined by 3.8% to $288.14 million, highlighting cautious sentiment and reduced leverage. However, liquidation heatmap data reveals dense short liquidation zones between $0.0000074 and $0.0000076. If bulls manage to push the price above this zone, forced buybacks could trigger a cascading rally. This liquidity pocket could catalyze the next upward move, provided spot demand remains strong.

PEPE’s recent accumulation, technical breakout, and lowered volatility offer early signs of strength. Nonetheless, whale inactivity and shrinking new address growth suggest that broader conviction is lacking. If bulls break above $0.0000076 with volume support, a rally could follow. For now, PEPE’s outlook is cautiously bullish but awaits stronger confirmation from large players.