On-Chain Data Shows These People Driving $PEPE Price to $0.000027 ATH

PEPE became the first major meme cryptocurrency to surpass $0.00002716, its ATH, in the bull cycle. Whale activity and accumulation drove this PEPE record surge.

Whale Accumulation Supports PEPE

On social media site X, crypto expert said that PEPE whales contributed $1.14 billion to their holdings, bringing their total to $7.56 billion. PEPE's market value crossed $10 billion for the first time over the weekend, during a bullish run. PEPE's market worth is $11.17 billion, therefore this cohort owns 67% of the market cap.

Interestingly, on-chain data reveals whale buildup surged before yesterday. Holdings IntoTheBlock Balance USD measure indicates 147.81% rise in addresses owning $10 million or more PEPE coins in 30 days. These huge holders have been accumulating, buying $1.14 billion on December 7.

Another holding cohort has also dramatically increased their positions in the previous month. During this era, addresses owning $1 million to $10 million in PEPE increased by 119%, while those holding $100,000 to $1 million increased by 108%. Mid-tier investors with $10,000–$100,000 holdings had an 84.25% rise, while smaller holders with $1,000–$10,000 saw a 55.29% increase.

All cohorts' accumulation has enhanced PEPE's purchasing pressure, causing the meme cryptocurrency to rise 150% in 30 days.

PEPE's accessibility after listing on major crypto exchanges also contributed to its historic success. In recent days, Coinbase, Robinhood, and Binance US all added PEPE to their crypto exchanges, increasing its exposure to US retail and institutional investors. These listings have made meme bitcoin trading and investing simpler for more people.

These listings have had a major influence, particularly in a bull market. PEPE is now trading at $0.00002616, up 3.5% in 24 hours. PEPE's bullish trend may continue as whale and retail accumulation continues.

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