Pepe coin has demonstrated remarkable resilience over the past week, climbing from $0.000011 to $0.00001285 in four consecutive days of gains accompanied by surging trading volume that increased 40% to $1.05 billion. This impressive recovery coincides with the broader cryptocurrency market stabilization, as itcoin">Bitcoin rebounded from $103,000 to $105,400 and Ethereum crossed the crucial $2,600 resistance level to reach $2,650. Pepe’s price action remains highly correlated with Ethereum’s performance, given its position as the second-largest meme token within the Ethereum ecosystem after Shiba Inu, which explains why it previously crashed 81% between November and April as Ethereum tumbled from $4,000 to $1,300.
The rally has been supported by compelling on-chain accumulation data that reveals both institutional and retail investor confidence in the meme token’s prospects. Smart money investors have dramatically increased their Pepe holdings by 150% over the past 30 days to 642 billion coins, while whale accumulation has grown 4% to 10.06 trillion tokens, according to Nansen analytics. Simultaneously, the total number of Pepe holders has expanded from 366,000 at the beginning of the year to 446,000 currently, indicating broadening retail adoption and community growth that often precedes sustained price appreciation.
Supply dynamics further reinforce the bullish thesis, with exchange-held Pepe tokens declining steadily from 160 trillion at the start of 2025 to just 104.85 trillion currently. This reduction in available supply on trading platforms typically signals that investors are withdrawing their holdings for long-term storage rather than active trading, reducing immediate selling pressure and creating favorable conditions for price increases. The combination of reduced exchange supply and increased whale accumulation suggests that large holders are positioning for significant upward moves.
From a technical analysis perspective, Pepe has formed a golden cross pattern with its 50-day and 200-day moving averages intersecting, a traditionally bullish signal that often indicates long-term upward momentum potential. The token has already recovered substantially from its April low of $0.000005815 to current levels around $0.00001260, and technical indicators suggest further gains could materialize if Pepe breaks above the key resistance at $0.00001615, representing its May high. Should this breakout occur, the next major target sits at $0.00002830, which would represent a substantial 123% increase from current prices, though a decline below the $0.000010 support level would invalidate the bullish scenario.
