Pepe Coin Price Gains Momentum as Whale Accumulation Signals Potential for 7x Rally
Key Highlights:
- Whale accumulation has reduced PEPE’s exchange supply, boosting market optimism.
- A bullish pennant pattern suggests a potential 7x rally in Pepe Coin price.
- Holders transferring tokens to private wallets reflect growing confidence.
Pepe Coin Rally Driven by Whale Accumulation
Pepe Coin is gaining attention with its impressive recent performance, reaching its highest levels in months. Whale activity has significantly increased, with 10 trillion tokens accumulated, signaling strong bullish momentum. As a result, the token’s price could potentially rise up to 7x, sparking excitement among investors.
Data from Santiment reveals a sharp drop in the PEPE supply on exchanges, indicating reduced selling pressure as holders transfer tokens to private wallets. The growing number of non-exchange wallets holding PEPE reflects heightened interest from whales, whose influence often precedes significant price surges. 
PEPE Price Prediction: 7x Growth on the Horizon?
Pepe Coin recently surpassed $0.00002, reaching a milestone after breaking its previous all-time high of $0.00002524 on November 14, 2024. Despite a minor 3% pullback to $0.00002032, the token has gained 120% over the past month.
The weekly price chart highlights a bullish engulfing pattern, indicating sustained upward momentum. A bullish pennant projects a potential 1,858% rally from the breakout point, setting a target price of $0.000151. This represents a potential 658% gain from current levels. 
Risk Factors to Monitor
The bullish outlook would be invalidated if PEPE’s price falls below the pennant’s lower trendline, particularly with a decisive close under $0.00001650. Such a move could signal a shift in sentiment and increased downside risk.
Conclusion
Amid a broader market rally and Bitcoin’s approach toward $100K, Pepe Coin is showing robust bullish potential. Whale accumulation of 10 trillion tokens underscores confidence in the token’s long-term growth. With a bullish pennant projecting a 7x increase, PEPE stands out as a meme coin with strong momentum and investor interest.
