Main Reasons for Pepe Coin Price Surge by 32%: Experts' Edition As of the time of reporting, PEPE price was hovering at $0.00001242 with a strong rise of more than 6% during European trading hours. According to CoinMarketCap, the current market capitalization is $5 billion, making it the 22nd largest market cap among cryptocurrencies. However, trading volume fell by 5% to $1.7 billion, indicating a high level of trader interest despite lower transaction volume. Over the past few days, Pepe has been trading in an upward trend, with buying pressure mounting on the upward trajectory. Looking at the weekly chart, the meme coin rose from $0.0000083 to over $0.00001239, an increase of over 49%, highlighting a significant increase in investor interest and market activity. This growth has been confirmed by the continuous rise in valuation, which has been particularly noticeable in the past three days. Increased Whale Accumulation in Pepe Coin Price Pepe has recently seen a significant price rise driven by increased whale accumulation. Whales, or large holders of PEI, are aggressively expanding their stakes, betting on the value of the currency in the long term. This heavy buying activity reduces available supply, increases scarcity, and signals to other investors that confident, well-capitalized players are bullish on Pepe's prospects. Nascent, a prominent entity in the cryptocurrency space, recently replaced its $MKR positions with $PEPE and $LDO. Specifically, Nascent deposited $1,215MKR to Binance and withdrew $141.23B ($1.57M), $281K LDO ($503K), and $3.4M USDT from Binance. Nascent has a significant wealth of $608.85 billion in PEPE, which equates to $7.49 million. This strategic reallocation by an important player underscores the growing confidence in Pepe's market position and the potential for further recognition.
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