Pepe Price Surge Analysis

• Over the past day, Pepe has surged by 11.9%.
• Pepe whales are aggressively accumulating, scooping 14.5 trillion tokens over the past day.

Over the past day, Pepe [PEPE] saw a massive uptick in whale activity, with a surge of 170.83% in large transactions. The number of these transactions rose from 96 to 260.

When large transactions increase, it indicates that whales are either buying or selling. To understand their movements, we analyze whale inflow and netflow.

According to IntoTheBlock data, the inflow among large holders has spiked by 419%, from 2.8 trillion to 14.55 trillion tokens, suggesting that whales are actively buying the memecoin. Meanwhile, netflow surged from -105 billion to 8.22 trillion Pepe tokens, indicating that capital inflow is exceeding outflow.

This indicates that whales are buying more than they are selling. Such accumulation signals confidence in the market, which could result in rising prices.

Impact on Price Charts

Our analysis indicates aggressive whale buying, which typically precedes price increases. Indeed, Pepe prices reached $0.00000817 for the first time in three weeks, marking an 11.92% increase. However, the price later retraced to $0.0000079.

Despite this pullback, the market remains positive, as shown by a declining spot netflow. Coinglass data indicates a drop in Pepe’s spot netflow to -$4.93 million, which points to strong accumulation.

This suggests that both whales and retail investors are optimistic, anticipating further price gains. Historically, high demand leads to higher prices, so if current conditions persist, Pepe might aim for $0.000090. Nonetheless, if profit-taking occurs from short-term holders, the memecoin could retrace to $0.0000074.