Pepe price rallies 25% as whale demand and futures interest surge

Key takeaways

• Pepe has gained 25% this week, including a combined 22% advance over the previous two days.
• Seven whale transactions worth more than $1 million each occurred Thursday, the highest number since March 16.
• Exchange supply fell by 1.45 trillion PEPE, while top non-exchange wallets added 3.54 trillion tokens since August 12.

Pepe maintained its bullish momentum Friday after gaining a combined 22% over the previous two trading days.

The frog-themed meme coin is up approximately 25% this week as whale accumulation, declining exchange supply, and rising speculative activity strengthen its near-term outlook.

PEPE has also reclaimed several important technical levels, opening a potential path toward its 200-day exponential moving average at $0.00000363.

Whale transactions reach highest level since March

Large investors appear to be returning to Pepe as its price recovers from recent lows. Santiment recorded seven PEPE transactions worth more than $1 million each Thursday, the highest daily total since March 16.

… Continue reading the full article at the original source below.