Whales Make Waves: PEPE Price Skyrockets on Sudden Buy-In

• PEPE surged 9.23%, crossing $1B in trading volume within 24 hours.
• Whales accumulated trillions of tokens, signaling strong bullish sentiment.
• Technical indicators and futures data suggest continued upward momentum for PEPE.

PepeCoin — PEPE , has woken up, and it’s not stretching—it’s sprinting. In the past 24 hours, the popular memecoin soared 9.23% to hit $0.00001263. That leap pushed trading volume past $1 billion, a mark most coins only dream about. PEPE didn’t just rise—it roared into the top daily gainers. The buzz is growing louder, and all eyes now follow the whales splashing in deep waters.

Smart Money Bets Big on PEPE

Something shifted on May 31. After retesting a key support at $0.00001107, PEPE kicked off a four-day rally. It reclaimed the 50% Fibonacci retracement level at $0.00001227 . This upward move aligned with Bitcoin and Ethereum bouncing back from their recent dips. Behind the scenes, smart money wallets scooped up over 642 billion PEPE coins in the last month. That’s a jaw-dropping 150% jump in holdings. Whale addresses increased their stacks by 4%, reaching 10.06 trillion coins. These aren’t short-term flings—they’re serious plays.

Long-term holders went all-in, buying $6 million worth of PEPE within one day. Instead of leaving these tokens on exchanges, they moved them into cold wallets for safekeeping. Exchange supply keeps shrinking. Since January, it fell from 160 trillion to just under 105 trillion coins. This slow bleed may spark a supply squeeze if demand keeps rising. When everyone wants a piece, but no one’s selling—prices explode.

Momentum Builds as Technicals Turn Bullish

Futures traders haven’t missed the signs. The long-to-short ratio now sits at 1.06. That means more traders expect PEPE to climb . Short positions lost $2.55 million recently, while longs only lost $708,000. Bulls clearly hold the upper hand. Open interest surged 6.47% to $537.96 million, reflecting growing confidence in the memecoin’s upside. For three days straight, the funding rate has stayed positive, a green flag for bulls.

The charts look promising too. A golden cross just formed as the 50-day moving average crossed above the 200-day line. This classic signal points to a strong uptrend ahead. PEPE trades around $0.00001254, just below the 20-day EMA at $0.00001266. Breaking above that resistance could push prices toward the $0.00001400 to $0.00001600 zone. Analysts already eye $0.000015 and $0.000016 as key targets.

The MACD still prints red bars, but the color fades. That shows sellers are losing steam. The RSI climbs near 51, hinting that bullish momentum grows stronger each day. PEPE now ranks 27th by market cap at $5.3 billion. Among Ethereum-based memecoins, it stands tall beside Shiba Inu. But right now, it’s PEPE stealing the spotlight—and the whales know it.