Pepe Coin, the popular meme-inspired cryptocurrency, experienced a significant price surge on July 10, 2025, climbing by approximately 10%. This notable upward movement pushed the digital asset’s value to $0.00001108, reflecting renewed investor interest and underlying market strength.
Market analysts and on-chain data point to several converging factors driving this recent rally. Chief among these are strong on-chain metrics indicating robust network activity and a favorable technical setup on price charts, suggesting potential for further gains. However, the most compelling catalyst appears to be substantial accumulation by large holders, commonly referred to as “whales,” in the cryptocurrency market.
Whale Activity Fuels the Rally
On-chain analytics reveal that significant volumes of PEPE tokens have been acquired by prominent wallets over the past two weeks. Specifically, between June 29 and July 9, 2025, whale addresses collectively accumulated approximately 9 trillion PEPE tokens. This massive influx of capital represents a substantial investment, valued at over $90 million based on recent market prices, underscoring high conviction among these large market players.
Such large-scale buying activity by whales typically signals strong confidence in a cryptocurrency’s short-to-medium term prospects. Their movements are closely watched by retail and institutional investors alike, as they often precede significant price shifts due to the sheer volume of tokens involved. The accumulation observed in late June and early July appears to have directly contributed to the price pressure that culminated in the 10% surge recorded by July 10.
Technical Setup and Price Targets
Beyond the influence of large holders, the technical analysis of Pepe Coin’s price chart also presents a bullish picture. The recent rally has positioned PEPE to challenge crucial overhead resistance levels.
The immediate technical hurdle for Pepe Coin is identified at the $0.0000123 mark. This level is seen as a key resistance point where selling pressure has historically emerged. A decisive breach above this price could confirm the bullish momentum and pave the way for further upward trajectory.
Should Pepe Coin successfully clear the $0.0000123 resistance, the projected upside target for the cryptocurrency is set at $0.000014. This specific price target holds significance as it corresponds to the peak price observed in February 2025. Reaching this level would not only signify a full recovery from any subsequent pullbacks but also potentially set a new benchmark for the asset, depending on its performance relative to previous all-time highs if applicable.
On-Chain Metrics and Market Sentiment
While specific details regarding the “strong on-chain metrics” mentioned in market reports were not fully elaborated, this typically refers to data points derived directly from the cryptocurrency’s blockchain. Such metrics can include transaction volumes, active addresses, network growth, and exchange flows, all of which can provide insights into the fundamental health and user adoption of the network. The characterization of these metrics as “strong” further supports the narrative of organic growth and underlying demand complementing the whale-driven accumulation.
The combination of favorable technical indicators, strong on-chain signals, and significant buying pressure from whale wallets suggests a potentially sustained positive trend for Pepe Coin in the near term, provided the broader market conditions remain supportive. The $0.0000123 resistance level will be a critical point for market participants to watch as the asset attempts to build on its recent gains and move towards the $0.000014 target last seen in February 2025.
Investors are advised that while whale accumulation can drive prices up, the cryptocurrency market remains highly volatile and subject to rapid changes. Due diligence and careful consideration of risk factors are always recommended.
