Crypto Market Steadies Despite Tariff Anxiety; PEPE Up 3% on Whale Buying

PEPE Climbs 3% as Whale Accumulation Grows Despite Market Concerns

PEPE (PEPE) is seeing renewed interest from large holders, who have increased their positions by 1.75% over the past month, bringing total whale holdings to 303 trillion tokens, according to data from Nansen. Meanwhile, the supply of PEPE held on exchanges has dropped by 2.9%, suggesting reduced selling pressure and rising investor confidence.

Over the past 24 hours, PEPE has gained roughly 3%, moving between $0.0000099035 and $0.0000102814, before edging up further to $0.00001043. Although the price range has been tight, trading activity has remained robust. During the busiest hour, traders exchanged around 5.64 trillion tokens, as shown by CoinDesk Research’s technical analysis model.

The combination of increased whale accumulation and declining exchange balances points to growing demand and a constrained supply of tokens available for trading.

Throughout the latest session, PEPE held firm above $0.000010200, with occasional buying surges lifting the price higher.

PEPE’s upward momentum mirrors a broader rally in alternative cryptocurrencies, with the CoinDesk 20 Index rising 2.6% over the last day. This positive trend has persisted even as markets factor in news of U.S. President Donald Trump’s new tariffs, expected to take effect on August 1.

Despite its recent gains, PEPE, like many meme coins, remains highly volatile, driven largely by social media trends and speculative trading activity.