PEPE Rockets 14% as Whale Activity Spikes, Bitcoin Hits $118K During Crypto Rally

PEPE Soars 14% as Whales Accumulate, Bitcoin Blazes Past $118K

PEPE surged 14% over the past 24 hours, buoyed by aggressive whale accumulation and a broader crypto rally led by Bitcoin’s break above $118,000.

The meme coin jumped from $0.000011141 to as high as $0.000012812, reflecting renewed appetite for speculative tokens. During the same timeframe, the CoinDesk 20 Index gained 7.3%, while the CoinDesk Memecoin Index shot up 11.3%.

On-chain data from Nansen revealed that PEPE’s top 100 holders increased their collective holdings by 1%, amassing 304.1 trillion tokens. Meanwhile, exchange balances dropped, signaling reduced near-term selling pressure and hinting at potential upside.

Over the past month, whale wallets grew their PEPE positions by 2.3%, while supply on centralized exchanges fell 2.17%, now resting at 252.2 trillion tokens.

Technically, PEPE traded within an 18% intraday range, swinging between $0.000009823 and $0.000013068. Resistance appeared near $0.000012482, where heavy volume briefly capped gains, while support formed around $0.000011013.

Analysts suggest that continued whale interest and shrinking exchange supply could keep PEPE in the spotlight—especially if Bitcoin’s bullish momentum holds.