PEPE Jumps on Heavy Volume as Downtrend Risks Linger

Overview

• PEPE rose about 5–6% to near $0.0000096 in the past day as trading volume swelled to roughly 5.61 trillion tokens, nearly triple the recent daily average.
• CoinGlass data cited in fresh reporting puts futures open interest near $600 million, contrasting with earlier readings around $557 million that highlighted a sharp contraction from July’s $1 billion-plus.
• On-chain tallies from prior weeks show whale holdings down to about 6.54 trillion tokens from 7.6 trillion and so‑called smart‑money wallets reduced to roughly 1.62 trillion from 2.6 trillion.
• Nansen data reported this week points to 30‑day accumulation by the top 100 non‑exchange addresses and a decline in exchange balances, underscoring conflicting whale‑flow signals.
• Technicals still flag risk with a daily descending triangle, support near $0.00000900, weak momentum readings, and downside projections into the ~$0.0000047–$0.0000059 zone if support fails.