{"id":659335,"date":"2024-12-09T13:00:19","date_gmt":"2024-12-09T13:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=659335"},"modified":"2024-12-09T08:09:14","modified_gmt":"2024-12-09T08:09:14","slug":"pepe-price-hits-0-000027-ath","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/pepe\/pepe-price-hits-0-000027-ath\/","title":{"rendered":"PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The PEPE price recently <\/span><a href=\"https:\/\/uniquehot.com\/meme-coins\/pepe-hits-new-all-time-high-market-cap-surpasses-10-billion\/\"><span style=\"font-weight: 400\">reached a new all-time high<\/span><\/a><span style=\"font-weight: 400\"> (ATH) of $0.00002716, becoming the first major meme cryptocurrency to do so in the ongoing bull cycle. This rally to a new PEPE all-time high was driven by increased whale activity and accumulation.<\/span><\/p>\n<h2>Whale Accumulation Fuels PEPE\u2019s Bullish Momentum<\/h2>\n<p><span style=\"font-weight: 400\">Data <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/54434177\" rel=\"nofollow\"><span style=\"font-weight: 400\">shared by<\/span><\/a><span style=\"font-weight: 400\"> crypto analyst Ali Martinez on social media platform X highlights that PEPE whales recently added $1.14 billion in PEPE to their holdings, pushing the total whale-controlled amount to $7.56 billion. This plays into a bullish run over the weekend, which saw PEPE&#8217;s market cap surpass $10 billion for the first time. At the time of writing, PEPE has a market cap of about $11.17 billion, meaning this holder cohort now controls about 67% of the total market cap.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/technical-analysis-puts-xrp-price-above-5-in-next-3-days-whales-buy-288-worth-of-xrp\/\">Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP<\/a><\/div>\n<p><span style=\"font-weight: 400\">Interestingly, on-chain data shows the <\/span><a href=\"https:\/\/uniquehot.com\/news\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\/\"><span style=\"font-weight: 400\">surge in whale accumulation<\/span><\/a><span style=\"font-weight: 400\"> didn&#8217;t just start yesterday. IntoTheBlock&#8217;s Balance By Holdings In USD metric shows a 30-day increase of 147.81% in the holdings of addresses holding more than $10 million worth of PEPE tokens. These large holders have been on an accumulation trend, with a massive $1.14 billion purchase coming in on December 7 alone.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other holder cohorts have also significantly expanded their positions over the past month. Addresses holding between $1 million and $10 million worth of PEPE recorded a 119% increase in their holdings during this period, while those holding between $100,000 and $1 million saw a 108% rise. Mid-tier investors with holdings between $10,000 and $100,000 registered an 84.25% growth in their balances, while even smaller holders with $1,000 to $10,000 worth of PEPE saw their holdings increase by 55.29%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This increase in accumulation from all cohorts has increased the buying pressure on PEPE, which in turn has allowed the meme cryptocurrency to surge in value by 150% in the past 30 days.<\/span><\/p>\n<figure id=\"attachment_659338\" aria-describedby=\"caption-attachment-659338\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-659338\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/PEPE-Price.png?w=460&#038;resize=460%2C391\" alt=\"PEPE Price\" width=\"460\" height=\"391\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/PEPE-Price.png?w=512 512w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/PEPE-Price.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-659338\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<h2>Exchange Listings And Accessibility Boost PEPE\u2019s Popularity<\/h2>\n<p><span style=\"font-weight: 400\">Another notable driver behind PEPE\u2019s record-breaking performance is its growing accessibility <\/span><a href=\"https:\/\/uniquehot.com\/news\/is-pepe-coins-next-ath-around-the-corner-whales-bet-big-after-major-listings\/\"><span style=\"font-weight: 400\">after listing on major crypto exchanges<\/span><\/a><span style=\"font-weight: 400\">. PEPE has been added to crypto exchanges like Coinbase, Robinhood, and Binance US in the past few days, which has significantly increased its exposure to retail and institutional investors in the US These listings have made it easier for a broader audience to trade and invest in the meme cryptocurrency.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-breakout-18000\/\">Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000<\/a><\/div>\n<p><span style=\"font-weight: 400\">The impact of these listings has been profound, especially as the industry is currently in a bull phase. At the time of writing, PEPE is trading at $0.00002616, representing a 3.5% increase in the past 24 hours. PEPE\u2019s bullish trajectory appears set to extend further as whale and retail accumulation continues.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/2GLRZVsc\/\" alt=\"PEPE price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">Price struggles with bearish pressure | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The PEPE price recently reached a new all-time high (ATH) of $0.00002716, becoming the first major meme cryptocurrency to do so in the ongoing bull cycle. This rally to a new PEPE all-time high was driven by increased whale activity and accumulation. Whale Accumulation Fuels PEPE\u2019s Bullish Momentum Data shared by crypto analyst Ali Martinez on social media platform X highlights that PEPE whales recently added $1.14 billion in PEPE to their holdings, pushing the total whale-controlled amount to $7.56 billion. This plays into a bullish run over the weekend, which saw PEPE&#8217;s market cap surpass $10 billion for the first time. At the time of writing, PEPE has a market cap of about $11.17 billion, meaning this holder cohort now controls about 67% of the total market cap. Related Reading: Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP Interestingly, on-chain data shows the surge in whale accumulation didn&#8217;t just start yesterday. IntoTheBlock&#8217;s Balance By Holdings In USD metric shows a 30-day increase of 147.81% in the holdings of addresses holding more than $10 million worth of PEPE tokens. These large holders have been on an accumulation trend, with a massive $1.14 billion purchase coming in on December 7 alone.\u00a0 Other holder cohorts have also significantly expanded their positions over the past month. Addresses holding between $1 million and $10 million worth of PEPE recorded a 119% increase in their holdings during this period, while those holding between $100,000 and $1 million saw a 108% rise. Mid-tier investors with holdings between $10,000 and $100,000 registered an 84.25% growth in their balances, while even smaller holders with $1,000 to $10,000 worth of PEPE saw their holdings increase by 55.29%. This increase in accumulation from all cohorts has increased the buying pressure on PEPE, which in turn has allowed the meme cryptocurrency to surge in value by 150% in the past 30 days. Exchange Listings And Accessibility Boost PEPE\u2019s Popularity Another notable driver behind PEPE\u2019s record-breaking performance is its growing accessibility after listing on major crypto exchanges. PEPE has been added to crypto exchanges like Coinbase, Robinhood, and Binance US in the past few days, which has significantly increased its exposure to retail and institutional investors in the US These listings have made it easier for a broader audience to trade and invest in the meme cryptocurrency. Related Reading: Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000 The impact of these listings has been profound, especially as the industry is currently in a bull phase. At the time of writing, PEPE is trading at $0.00002616, representing a 3.5% increase in the past 24 hours. PEPE\u2019s bullish trajectory appears set to extend further as whale and retail accumulation continues. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88189],"tags":[167,6664,26263,14690,88145,88163,89512,88215,88190,88188],"class_list":["post-659335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-pepe","tag-pepe-coin","tag-pepe-news","tag-pepe-price","tag-pepeusd","tag-pepeusdt"],"acf":[],"yoast_head":"\n<title>PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It<\/title>\n<meta name=\"description\" content=\"The PEPE price recently reached a new all-time high (ATH) of $0.00002716, becoming the first major meme coin to do so in this bull cycle.\" 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