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3w ago

PEPE Breaks Above Resistance as Whales Accumulate and Volumes Plunge

Building positions during low-volume consolidation, top Ethereum holders helped propel a breakout that may presage a bullish reversal.

Pepe jumps 5% as rate cut bets and whale accumulation drive risk asset rally
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Overview

  • PEPE’s price jumped more than 5% in early August, pushing the token above its $0.00001 resistance level.
  • Nansen data show the 100 largest Ethereum addresses boosted PEPE holdings by 2.36% over the past month while exchange reserves fell 2.4%.
  • Spot trading volume has tumbled 76% to around $1.2 billion and derivatives flows are down 73% since mid-July, easing selling pressure.
  • The coin is trading in a tight $0.00001–$0.000011 range and has maintained higher lows since June, signaling technical stability.
  • Fed rate-cut expectations for September have driven broader risk-asset demand and led some analysts to project PEPE gains of over 100% if it sustains its breakout.