- Pepe has seen three consecutive ATHs in the last three days.
- 100% of its holders are now holding at a profit.
Pepe [PEPE] has experienced notable upward momentum in recent days, consistently reaching new all-time highs. Alongside this surge, the number of holders has expanded, indicating growing interest in the asset.
Recent data further highlighted the positive sentiment surrounding the token, revealing that 100% of its holders were in profit at press time.
Pepe accumulation increases
Recent data indicated an increased accumulation of Pepe.
According to information from Spot on Chain, a trader withdrew approximately 407.74 billion PEPE, valued at around $4.2 million at the time, from Binance.
Source: Santiment
Additionally, AMBCrypto’s analysis of the exchange flow suggested a tightening balance between inflows and outflows, with outflows slightly surpassing inflows.
As of this writing, exchange inflows totaled approximately 1.7 trillion, while outflows amounted to around 2.1 trillion. This suggests a trend of more of the token leaving exchanges despite the coin’s rising price.
Pepe gets more holders and profits
Analysis of the holders’ chart on Santiment revealed a notable increase in the number of Pepe holders over the past few days.
The chart indicated a rise of over 3,000 new holders within the last five days, with the current count exceeding 221,000 holders.
This uptrend suggested a sustained influx of new investors, reflecting heightened interest in the token.
Source: Santiment
Also, data from IntoTheBlock indicated that all holders are currently in profit, with 100% of them experiencing gains relative to their initial investment due to the current price appreciation.
Additionally, recent data from Lookonchain highlighted a significant transaction involving a wallet that has been actively accumulating the token since December 2023.
Over this period, the wallet invested approximately $1.49 million to acquire 1.4 trillion tokens.
However, the wallet recently sold 140 billion tokens, equivalent to around 10% of its holdings, for approximately $1.57 million.
Pepe hits new ATH
AMBCrypto’s analysis of Pepe’s price chart revealed a remarkable trend characterized by consecutive new all-time highs over the past three days. Pepe experienced an impressive surge on the 13th of May, achieving an over 13% increase and reaching an ATH of 0.0000099.
Source: TradingView
Subsequently, on the 14th of May, another notable uptick of over 6% propelled it to a new ATH of around $0.000010.
As of this writing, it was trading at approximately $0.000011, marking another ATH with over a 7% increase.
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Furthermore, the Relative Strength Index (RSI) indicated a strong bull trend, with Pepe currently in the overbought territory.
This suggested significant buying pressure and investor optimism surrounding Pepe’s price trajectory.
