{"id":7317,"date":"2025-08-09T17:02:05","date_gmt":"2025-08-09T17:02:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-price-rises-as-whale-accumulation-jumps-amid-eth-boom\/"},"modified":"2025-08-09T17:02:09","modified_gmt":"2025-08-09T17:02:09","slug":"pepe-price-rises-as-whale-accumulation-jumps-amid-eth-boom","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-price-rises-as-whale-accumulation-jumps-amid-eth-boom\/","title":{"rendered":"Pepe price rises as whale accumulation jumps amid ETH boom"},"content":{"rendered":"
\n

The Pepe price continued its recovery this week, jumping for four consecutive days amid whale accumulation and an Ethereum rebound.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Pepe Coin price has bounced back in the past four consecutive days.<\/li>\n
  • Data shows that whale and smart money investors are accumulating.<\/li>\n
  • Technicals suggest that it has more upside in the near term.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Whales are buying Pepe tokens<\/h2>\n

    Pepe (PEPE) token rose to $0.000012 on Saturday, Aug. 9, its highest level since July 28 and 135% above the lowest point this year.<\/p>\n

    Nansen data shows that whales have continued to buy the recent dip, with their holdings jumping to the highest point in over a year.\u00a0<\/p>\n

    Whales hold over 8.95 trillion tokens, a 12% monthly jump. Their holdings have soared by 30% in the last 12 months, a sign that they expect it to keep surging.\u00a0<\/p>\n

    Pepe whale accumulation | Source: Nansen<\/figcaption><\/figure>\n

    Smart money investors have also boosted their Pepe holdings. They now hold 643 billion tokens, a big increase from 258 billion in May this year. Smart money investors have a reputation of executing profitable trades.\u00a0<\/p>\n

    More data shows that Pepe\u2019s demand has been soaring in the futures market. Its futures open interest has jumped in the last seven consecutive days, reaching a high of $720 million, the highest level this month.\u00a0<\/p>\n

    The soaring open interest has coincided with a prolonged period of positive funding rate. A positive funding rate is a sign that market participants are hopeful that the future price will be higher than the spot one.<\/p>\n

    A potential catalyst for Pepe is that Ethereum (ETH) price has gone vertical and is approaching its all-time high. ETH jumped to $4,100 as demand from American investors soared.\u00a0<\/p>\n

    It is common for meme coins in a chain to rally when the main token is experiencing a surge. For example, tokens like Dogwifhat (WIF) and Bonk (BONK) often jump when Solana price is rising.<\/p>\n

    Pepe price technical analysis<\/h2>\n
    \"Pepe
    Pepe price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the Pepe Coin price has been in a strong uptrend in the past few months. It jumped from a low of $0.000005078 to $0.00001200.\u00a0<\/p>\n

    Pepe remains above the ascending trendline that connects the lowest swings since March this year. It has also formed an ascending triangle pattern, which often leads to a strong breakout.\u00a0<\/p>\n

    Pepe has jumped above the 23.6% Fibonacci Retracement level and the 50-day moving average. Therefore, it will likely keep rising as bulls target the 38.2% retracement level at $0.000014, followed by the year-to-date high of $0.00001625.<\/p>\n

    <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The Pepe price continued its recovery this week, jumping for four consecutive days amid whale accumulation and an Ethereum rebound. Summary Pepe Coin price has bounced back in the past…<\/p>\n","protected":false},"author":1,"featured_media":7318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7317"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7317\/revisions"}],"predecessor-version":[{"id":7319,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7317\/revisions\/7319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7318"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}