Pepe Coin Whale accumulation signals a strong price push

• Pepe Coin rose 120% in December, surpassing $0.00002 and approaching $0.00002524, fueled by the accumulation of 10 trillion token whales.
• A bullish pennant signals a potential 7x rally to $0.000151, driven by lower exchange supply and increasing investor interest.

Pepe Coin (PEPE), the meme-based cryptocurrency, is back in the spotlight as its price experiences a bullish increase. Increased whale activity and the accumulation of 10 trillion PEPE tokens have sparked optimism in the crypto community, with market analysts predicting the potential for a 7x rally.

Pepe Coin price attracted a lot of attention in December due to its impressive recent performance. The token has reached its highest level in months, boosting investor optimism. As crypto whales accumulate large amounts of PEPE, a potential 7x rally is expected as market watchers closely monitor price movements.

PEPE whales collect 10 trillion PEPE tokens

Pepe Coin is experiencing a surge in investor optimism driven by increased whale activity and a significant decline in PEPE supply on exchanges. Santiment data shows a decline in PEPE held on the exchange, reducing selling pressure and indicating increasing interest from large investors, whose influence could lead to a significant price shift.

Whales have accumulated nearly 10 trillion PEPE tokens, reflecting long-term confidence in the asset. Whale accumulation often precedes price increases as tokens disappear from exchanges in line with historical trends. With declining exchange supply and increasing whale participation, analysts are predicting an uptrend for PEPE.

Pepe Coin attracted significant attention in December when its value surged 120% and surpassed key resistance levels. The token’s bullish move has pushed it to multi-month highs, with technical indicators pointing to further bullish momentum. Investors are increasingly focused on PEPE as it continues to break through resistance zones and show signs of continued growth.

Whale activity is a key driver: One wallet purchased 337.09 billion PEPE tokens worth $6.92 million from Binance in 20 days. According to Etherscan, the number of PEPE holders has reached approximately 340,019, an increase of 0.197%, fueling market optimism Dataimproving sentiment in the bullish crypto market in the fourth quarter.

Can PEPE see a 7x increase?

Pepe Coin recently crossed an important milestone by trading above $0.00002 and breaking its all-time high of $0.00002524 on November 14, 2024. The 120% price increase over the past month has pushed PEPE to its current value of $0.00002067, a 3% decline from its recent peak.

Weekly chart analysis shows a bullish engulfing pattern, suggesting continued bullish momentum. A bullish pennant suggests a target of $0.000151, potentially leading to a 658% increase. A price decline below the lower trendline of the pennant, below $0.00001650, would signal a change in market sentiment and increased downside risk.

According to a recent analysis, PEPE could see another 7x rally fueled by increasing whale accumulation. With over 10 trillion tokens reportedly acquired, market sentiment around PEPE remains mostly bullish. Overall, growing market interest and technical indicators present a highly bullish outlook for Pepe Coin, making it an asset to keep a close eye on as 2025 approaches.