PEPE Coin, the world’s third-largest meme coin, has surged over 80% this week, with a 12% rise in the last 24 hours alone. Currently trading at $0.0000166, its market cap has crossed $7 billion.
This impressive rally has attracted significant whale accumulation, with one investor withdrawing 1.32 trillion PEPE tokens from Binance, generating a 21% return. PEPE has outperformed Dogecoin and Shiba Inu, achieving a 135% gain in the past month and delivering a 12x return year-to-date.
Investor interest is bolstered by the approval of spot Ethereum ETFs, and the coin’s price action remains bullish. Support has formed around the $0.00001380 level, with trading above the 50-day and 200-day moving averages.
Active addresses holding PEPE have surged from 3,600 to 12,000 in just one day, indicating strong market interest. PEPE’s strategic growth and robust support levels suggest continued bullish momentum.
