PEPE Price Reaches New ATH of $0.000027 Driven by Whale Accumulation
The PEPE price recently reached a new all-time high (ATH) of $0.00002716, making it the first major meme cryptocurrency to achieve this milestone in the current bull cycle. The increase in price was driven by heightened whale activity and accumulation.
Whale Accumulation Fuels PEPE’s Bullish Momentum
Data shared by crypto analyst Ali Martinez indicates that PEPE whales have added $1.14 billion in PEPE to their holdings, raising the total whale-controlled amount to $7.56 billion. This contributed to a bullish run over the weekend, resulting in PEPE's market cap exceeding $10 billion for the first time. Currently, PEPE has a market cap of approximately $11.17 billion, with whale holders controlling about 67% of it.
On-chain data shows that the surge in whale accumulation began over a month ago. IntoTheBlock’s Balance By Holdings In USD metric highlights a 30-day increase of 147.81% for addresses holding more than $10 million in PEPE tokens. A significant $1.14 billion purchase occurred on December 7.
Other holder groups also expanded their positions significantly. Addresses with $1 million to $10 million in PEPE saw a 119% increase, while those with $100,000 to $1 million experienced a 108% rise. Mid-tier investors with $10,000 to $100,000 registered an 84.25% growth, and smaller holders with $1,000 to $10,000 increased their holdings by 55.29%. This broad accumulation has intensified buying pressure, allowing PEPE to surge by 150% in the past 30 days.
Exchange Listings and Accessibility Boost PEPE’s Popularity
Another key factor behind PEPE’s record performance is its increased accessibility following listings on major crypto exchanges. PEPE has been added to platforms such as Coinbase, Robinhood, and Binance US, enhancing its visibility among retail and institutional investors in the US. These listings facilitate trading and investment in the meme cryptocurrency.
The impact of these listings has been significant amid the current industry bull phase. At present, PEPE trades at $0.00002616, reflecting a 3.5% increase in the last 24 hours. The bullish trend appears likely to continue as both whale and retail accumulation persist.
