Is PEPE About to Explode? Whale Buys and $1B Volume Say Yes
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Pepe (PEPE), the iconic frog-themed meme coin, is back in the spotlight after soaring nearly 12% in the past 24 hours – fueled by a surge in trading volume and major whale activity.
On-chain data reveals heavy accumulation, with crypto analyst David Tran highlighting a standout move: a single whale just snapped up 50.95 billion PEPE tokens worth around $467,000.
What makes the purchase even more intriguing is the whale’s prior history – suggesting this could be a strategic re-entry ahead of another big move.
Unlike sporadic large buys, this whale has been consistently accumulating PEPE since the beginning of April, with previous purchases ranging from $20,000 to $100,000. This steady accumulation culminated in the recent $467,000 purchase, the largest by this entity to date.
Adding fuel to the bullish narrative is the explosive growth in PEPE’s trading volume.
CoinMarketCap data shows that over the past 24 hours, PEPE’s trading volume has surged by an impressive 80%, breaking past the $1 billion mark and currently sitting at $1.24 billion. At press time, PEPE is trading at $0.000009143, reclaiming the 20-day EMAl at $0.00000757.
PEPE Price Analysis – Where Is PEPE Heading Next?
The daily chart below shows that the Relative Strength Index (RSI) currently stands at 68.68, approaching overbought levels while the price is breaking out, which indicates strong bullish momentum. The gradient of the line suggests slight cool-off before the next leg up.
Moreover, the MACD indicator shows the MACD line (blue) crossing above the signal line (orange), generating a bullish crossover. Additionally, the histogram is showing increasing positive momentum. This further supports the bullish outlook for PEPE in the short to medium term.
PEPE Daily Chart. Source: TradingView
Based on the descending triangle breakout, PEPE’s initial upside target is around $0.000010, which reflects an ~9% gain from current levels.
If that resistance breaks, PEPE could rally toward the $0.000015 to $0.000017 range – translating to a potential ~63% to ~85% increase in the short term.
A further breakout could see PEPE push even higher, potentially targeting $0.000025, which would represent an impressive ~172% upside from today’s price.
Meet the AI Version of Pepe: MIND of Pepe Raises $8.18M as Hype Explodes
While Pepe grabbed headlines with a massive 24-hour rally, another fast-rising contender has been quietly gaining serious traction – MIND of Pepe ($MIND), backed by a growing X community of over 21,000 members.
Far from being just another AI token, MIND of Pepe is positioning itself as a fully autonomous, self-evolving AI Agent that delivers real-time market intelligence and alpha – exclusively for its holders.
Source: MIND of Pepe
The project has already raised an impressive $8.18 million in its ongoing presale, with just 12 hours left before the next price increase.
Early buyers can now stake their tokens to earn a generous 274% APY, ahead of the highly anticipated launch of the MIND of Pepe AI Agent and its exclusive Alpha terminal.
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