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Whales Grow PEPE Holdings as Meme Coin Gains 3% Despite Market Uncertainty
Large investors, known as whales, have boosted their holdings of PEPE (PEPE) by 1.75% to a total of 303 trillion tokens, while the token’s supply on crypto exchanges has fallen 2.9% over the past month, according to Nansen data.
In the past 24 hours, PEPE has climbed roughly 3%, trading within a tight range between $0.0000099035 and $0.0000102814, before rising further to $0.00001043. Despite the modest price band, trading activity remained brisk, with traders exchanging 5.64 trillion tokens during the busiest hour, signaling strong market interest, as per CoinDesk Research’s technical analysis model.
The decrease in PEPE’s exchange balances, alongside growing whale accumulation, suggests increasing demand and a tighter immediate supply of tokens available for trading.
During the session, PEPE maintained support above $0.000010200, with brief bursts of buying pushing prices higher.
The token’s rebound comes amid a broader rally in the altcoin market, as the CoinDesk 20 Index advanced 2.6% over the past 24 hours. This broader crypto recovery has persisted even as the market absorbs news of U.S. President Donald Trump’s new tariffs, slated to take effect on August 1.
Meme coins like PEPE remain highly volatile, driven by a mix of technical signals and viral online sentiment.
