Market Signals Favorable Sentiment Shift for PEPE Amid Increased Whale Accumulation and Retail Participation

**Pepe (PEPE) Price: Whales Accumulate as On-Chain Metrics Flash Bullish Signals**

The latest market analysis suggests that the price of Pepe (PEPE) is experiencing a significant surge, with whales actively accumulating the token. This newfound enthusiasm from major investors could signal a potential breakout for PEPE in the coming days.

As the memecoin’s holder count surpasses 463,000, it’s evident that retail participation has seen a substantial increase, further solidifying this optimism. Notably, large transactions have increased by 6.63%, indicating that whales are actively supporting the token’s upward momentum.

Moreover, on-chain metrics reveal a stark shift in investor sentiment, with volume surging by over 60% and Open Interest climbing by 8.20%. This sudden influx of derivatives activity is an unequivocal sign that traders are increasingly optimistic about PEPE’s future prospects.

One critical aspect to monitor going forward will be the token’s ability to close decisively above $0.00001580 resistance. If this milestone is achieved, it could propel PEPE towards a potential rally of up to $0.000030.

While the cup-and-handle pattern on the daily chart is currently in play, traders must remain vigilant and monitor rising volume and sustained holder growth as confirming signals for further validation.

In conclusion, recent market trends highlight an increased accumulation by whales alongside substantial growth in Ethereum’s (ETH) price surge, which could directly impact PEPE’s value.

Source: coincentral.com