PEPE has just made a major technical breakout while on-chain metrics reveal aggressive whale accumulation and reduced exchange supply. Let’s explore what this means for the memecoin’s next move.
PEPE Surges 13% After Bullish Pennant Breakout, Eyes 63% Rally to $0.00002524
After the breakout, PEPE is now up 13%. If momentum continues, it could climb another 63% from the current price of $0.00001549, targeting around $0.00002524.
The Relative Strength Index (RSI), which measures momentum, currently reads 66.02—indicating bullish strength without being overbought. The 50-period Exponential Moving Average (EMA), a common trend-following indicator, sits at $0.00001364 and now acts as support.
At the same time, the trading volume surged to 4.39 trillion, supporting the strength of the breakout. The price has decisively moved above the pennant’s upper boundary and the EMA, reinforcing the bullish outlook.
If buyers maintain pressure, PEPE could approach the projected target of $0.00002524 in the upcoming sessions.
PEPE Whale Wallets Keep Accumulating as Holdings Cross 4 Trillion Tokens
Whale activity around Pepe Coin (PEPE) continues to grow. According to Santiment data, wallet addresses holding between 10 million and 100 million PEPE tokens now control 4.02 trillion coins, up from 3.9 trillion in February 2025.
At the same time, wallets in the 100,000 to 10 million range have steadily increased their holdings as well. The blue and red lines on the chart show clear upward trends, confirming this sustained accumulation by mid-tier and large holders.
This behavior signals strong confidence in PEPE’s future price movement. In the crypto market, rising whale balances often suggest that experienced investors expect gains and are positioning early.
Meanwhile, the consistent climb since late 2024 reinforces the idea that many investors are accumulating—not exiting. This shift toward long-term holding adds to the bullish outlook and reduces available supply in circulation.
If this trend continues, PEPE could see stronger support levels and higher price pressure, especially if technical indicators and exchange outflows align with this whale accumulation.
PEPE Exchange Balances Drop as Holders Move to Self-Custody
New data from Nansen shows that investors are pulling Pepe (PEPE) tokens off centralized exchanges. As of now, 247.8 trillion tokens remain on platforms like Binance, Robinhood, and Bybit. That’s a 2.24% drop from 253.47 trillion just one week ago.
This shift suggests reduced sell pressure. When users move tokens off exchanges and into self-custody, it typically means they plan to hold them longer rather than sell immediately. The total supply of PEPE held on exchanges also dropped from 60.25% to 58.9%.
At the same time, the seven-day net flow to exchanges stands at just 280 million tokens, showing no significant inflow that would indicate panic selling.
This behavior signals rising long-term confidence among PEPE holders. Alongside whale accumulation and strong technical patterns, falling exchange balances strengthen the bullish outlook for the token.
A separate metric adds to this view—the funding rate has stayed positive since May 8. A positive funding rate shows more traders are betting on the price to rise, reflecting growing demand for long positions in futures markets.
