PEPE Surges 1.68% as Holder Count Exceeds 463,000

PEPE, a memecoin, has surpassed 463,000 holders, indicating a significant increase in user acquisition and retail enthusiasm. This milestone coincides with a resurgence in momentum for memecoins within the Ethereum ecosystem. The market remains cautiously optimistic, with PEPE's rising holder count reflecting growing confidence in its long-term potential. Currently, PEPE is trading around $0.00001252, with a 1.68% gain in the past 24 hours. This uptick in holders suggests renewed retail participation, which often precedes speculative rallies and heightened volatility.

A clear cup-and-handle formation has emerged on PEPE’s daily chart, hinting at a potential bullish continuation. The handle is nearing completion, with the price hovering just below the $0.00001580 resistance zone. If this neckline breaks, a rally toward $0.000030 could follow. The Directional Movement Index supports the bullish case, with +DI at 35.3 well above -DI at 12.7, indicating strong buyer dominance. Meanwhile, the ADX sits at 23.0, signaling a developing trend that still has room to strengthen. Therefore, a confirmed breakout could trigger accelerated upside momentum.

The derivatives market shows growing bullish conviction. Volume has surged by over 60%, reaching $3.67B, while Open Interest climbed 8.20% to $705.27M. These metrics confirm rising speculative demand, as traders bet on further upside. In addition, the OI-Weighted Funding Rate remained positive at 0.0107%, indicating that long positions dominated sentiment. This persistent positive rate shows that bulls are willing to pay a premium to hold positions, aligning with the bullish chart pattern. Overall, PEPE’s Futures activity reflects heightened trader optimism and commitment to upward price movement.

PEPE’s on-chain growth has accelerated, with new addresses up 39.01% and active addresses climbing 38.43% over the past week. Zero-balance wallets also surged by 42.41%, reflecting intensified wallet churn and heightened speculation. This user expansion signals rising confidence and growing token utility, potentially adding organic buy pressure. Meanwhile, whale interest is also increasing, as large transactions rose 6.63%—a strong sign of strategic accumulation. Historically, such coordinated growth between retail adoption and whale inflows has preceded major rallies. If these trends persist, PEPE may gain the momentum needed to breach key resistance levels convincingly.

PEPE’s bullish outlook is supported by retail growth, a breakout chart pattern, strong derivatives demand, and increasing whale activity. However, the token must close decisively above $0.00001580 to validate the cup-and-handle pattern. Without that breakout, momentum could fade. Traders should watch for rising volume and continued holder growth as confirming signals. A successful breakout could open the door to $0.000030, while failure may lead to short-term consolidation.