- Whale accumulates 2 trillion PEPE, signaling a long-term confidence surge.
- The memecoin market has grown 18.78%, hitting $51.9B in total value.
The memecoin market is rallying, with PEPE riding the wave of renewed investor optimism. The frog-themed token has gained over 50% in a week, reflecting four consecutive days of price increases.
According to market data, the token rebounded from a low of $0.00000759 on May 6. On Thursday, it climbed to a weekly high of $0.00001397, erasing a zero from its value. Buying momentum remained high into Friday, keeping PEPE above the $0.000013 mark.
Source: Coinmarketcap
At the time of writing, PEPE price is $0.00001345, marking a 9.46% daily increase. The token has maintained a steady upward trend, outperforming many assets in the memecoin segment.
Analysts pointed to strong market sentiment and high trading volume as key drivers behind the token’s price action. PEPE also broke past a key resistance level, signaling further bullish potential.
Memecoins and Crypto Sectors Post Strong Weekly Gains
According to Santiment data, the memecoin market gained 18.78% this week, reaching a total market cap of $51.9 billion. The report also highlighted strong performance across other sectors, including liquid staking and Layer-1 blockchains. Liquid staking platforms recorded a 27.06% increase, while Layer-1 chains rose 15.64% over the same period.
Source: Santiment
Other verticals, such as DeFi, AI agents, NFTs, and real-world assets, posted double-digit growth. Analysts said this reflects an overall shift toward positive sentiment in the crypto space.
Rising transaction volume, increased investor activity, and improving market conditions have helped drive sector-wide gains. PEPE emerged as a standout among memecoins, supported by high on-chain activity and strong retail demand.
Whale Accumulation Highlights Long-Term Interest in PEPE
Blockchain data from Lookonchain showed that a crypto whale bought 500 billion PEPE tokens for $4.36 million on May 8. The purchase was made via Binance and sent to the wallet address (0x3c9e…). The address now holds 2 trillion PEPE, worth about $17.42 million. This whale had withdrawn 1.5 trillion PEPE from Binance, valued at $13.3 million.
Whale Alert also recorded a transfer of 7.14 trillion PEPE worth $78.8 million between unknown wallets on the same day. Historical data shows several large inflows from Binance to this wallet, including a 1 trillion PEPE transaction.
These activities suggest continued accumulation and strategic positioning in PEPE by high-net-worth holders. The wallet’s value rose 7.25%, now exceeding $147 million.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
