PEPE is currently in a range-bound pattern; main funds are cautiously accumulating at low levels but face limited expansion. In the short term, PEPE is suppressed by $0.0000040, with trading support found at $0.0000036–$0.0000037 below. Contract market sentiment is cooling; if support is broken, concentrated liquidations may trigger a short-term rebound, with a target at $0.0000045. Mid-term catalysts include ETF applications and recovery in sector risk appetite, though lack of fundamental application limits further growth, and liquidity improvements are constrained by regulatory and approval progress. Short-term strategies focus on buying dips and selling rallies, while long-term monitoring of policy and capital flow dynamics is recommended.

On-chain data shows a large wallet address re-entered the market after eight months of inactivity, purchasing 8 billion PEPE at an average price of about $0.0000074 and currently facing over $5 million in unrealized losses. This suggests the address is interested in accumulating at low levels, but loss pressure may limit scaling up. Meanwhile, other whales are actively trading within the $3.8–$3.9 range, mainly accumulating tokens, showing an overall cautious and watching accumulation trend.

On April 23, wallet address 0x2Dc…1AA2D purchased 80 billion PEPE tokens after an 8-month gap, spending around $3.08 million. Previously, on August 14, 2025, the same address withdrew 660 billion PEPE tokens at an average price of $0.0000122. The recent purchase lowered the average holding price to about $0.0000074, but the wallet still shows an unrealized loss of approximately $5.094 million.

A certain whale bought 800.00 billion PEPE again after 8 months, worth approximately $3.08 million.

Bitcoin briefly rose above $79,300 before falling to around $77,800, remaining the only major cryptocurrency in positive territory over 24 hours. Despite altcoin weakness, whales continued buying, with Bitmine reportedly acquiring about 100,000 ETH ($233.7 million) through new wallets. Another whale repurchased 7,448 ETH after selling earlier. Significant purchases and withdrawals of altcoins like PEPE were also noted. This activity highlights ongoing large-scale altcoin transactions.

Big Bull Tom Lee Continues to Quietly Buy This Altcoin! – Whales Are Also Making Large-Scale Altcoin Purchases: Here Are the Transactions

On the daily chart, since mid-April, PEPE has oscillated between $0.0000038 and $0.0000039, repeatedly testing resistance at $0.0000040–$0.0000041 without a solid breakthrough. Currently, prices are above the 50-day moving average, and short-term moving averages are bullishly aligned. If PEPE can break and close above resistance, it may open up a target area at $0.0000050; below, there is support at $0.0000036 and a high-volume trading zone to provide defense.

Pepe coin price rose 3% to around $0.00000392 amid bullish crypto market sentiment as Bitcoin surged above $79,000, supported by President Trump's indefinite ceasefire extension with Iran and strong ETF inflows exceeding $1.9 billion. Pepe is showing a recovery pattern above its 50-day moving average but faces resistance near $0.0000040. A breakout could lead to targets of $0.00000500 and higher, while support lies around $0.00000360.

Pepe Price Soars 3% As Bitcoin (BTC) Breaks Above $79,000

PEPE is trading at $0.0000039 with a 3% daily gain as Bitcoin surpasses $79,000. Recent whale accumulation of 800 billion PEPE tokens in a week, along with ETF rumors and a key resistance level at $0.0000041, are influencing the potential next move for the token.

Whales Just Accumulated 800 Billion PEPE Tokens in a Week: Is a Breakout Above $0.0000041 Coming?

In the past few days, the contract market saw prices fall by over 4%, with open interest and trading volume declining simultaneously, reflecting a seller advantage and cautious bullish sentiment. After probing down to $0.0000037, there was no significant follow-up buying, and volatility contracted. However, a concentrated liquidation at low levels could trigger a brief "skeptical rebound," with attention on the rebound space towards $0.0000045.

Pepe ($PEPE) has experienced a 4.1% price drop and a 10% decrease in Open Interest, alongside a nearly 20% fall in daily trading volume, indicating weak market sentiment. The dip to $0.0000037 attracted little futures market inflow, with data showing seller dominance. The price has struggled to break the $0.0000040 resistance, and momentum remains faintly bullish. A short squeeze could trigger a "disbelief rally" toward $0.0000045, but further gains seem unlikely.

PEPE price prediction – Here’s why a ‘disbelief rally’ could be on the cards next

Canary Capital submitted the first PEPE ETF application, marking an industry debut that may attract institutional capital under a compliance framework. Combined with the MEME sector rebounding over 20% in recent months and a warming risk appetite, these two factors could provide incremental demand for PEPE in the medium to long term. However, PEPE lacks clear utility, and ongoing monitoring is needed for regulatory positioning and the actual impact of ETF approval progress on liquidity.

In December 2024, the meme coin $PEPE reached an $11 billion market cap despite having no utility, team, or roadmap. By April 2026, its value dropped 86% to about $1.6 billion. Canary Capital filed for the first regulated $PEPE ETF in April 2026, marking a historic moment for meme coins. While $PEPE remains volatile and speculative, the ETF could provide new institutional demand, making it a notable, liquid asset in the meme coin space with uncertain but significant potential.

PEPE Coin Price Prediction 2026 and 2030: The $11 Billion Frog That Fell 86% — And the ETF Nobody Expected

The MEME coin sector has rebounded nearly 20% in the past month, with its total market value rising to $34 billion, though still down about 75% from its peak of nearly $140 billion in December 2024. The rebound is driven by improved risk appetite, increased on-chain speculation, and gains in a few leading tokens. Dogecoin remains the largest by market cap and volume but is down 87% from its 2021 high. The SEC and CFTC recently classified meme coins as collectibles, and Canary Capital has filed a Pepe ETF application with the SEC.

Analysis: The MEME coin sector has rebounded nearly 20% in the past month, with the total market capitalization rising to 34B USD.

Based Pepe

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Global news you need to know before the US stock market opens on Friday.

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Two Federal Reserve officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut.

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