Are Whales Buying PEPE? Analyzing the Current Bullish Momentum
PEPE coin is back in the spotlight as on-chain data reveals massive whale accumulation, with over 11.75 trillion tokens traded among large holders in 24 hours. A recent $27.8 million transfer off Bybit suggests smart money may be positioning for a breakout. Bullish technical patterns—including a cup-and-handle formation, golden cross, and proximity to key resistance at $0.0000148—are strengthening the case. At the same time, open interest in PEPE derivatives nears $600 million, retail enthusiasm is spiking, and macro conditions are supporting risk assets. While PEPE shows strong upside potential, investors should stay alert to the volatility and risks that come with meme coin speculation.
2025-05-28Read