PEPE Rockets to New All-Time High Amid Whale Accumulation Frenzy

PEPE’s Meteoric Rise Resumes With a 20% Surge

After weeks of relative calm, PEPE has reignited its bull rally with a jaw-dropping 20% spike in the past 24 hours. This surge propelled the meme coin to a fresh all-time high of $0.00002622, according to CoinGecko data.

The explosive price action follows a flurry of whale activity, as large investors accumulated significant portions of the third-largest meme coin. Such moves often reduce the available supply and lay the groundwork for rapid price rallies — and this time was no exception.

Whales Accumulate as PEPE Outpaces Rivals

The seeds of PEPE’s latest rally were planted weeks ago. On November 13, reports emerged of a 100% weekly surge and a stunning 50% daily spike, fueled by major exchange listings on Coinbase and Robinhood.

But as the hype cooled, so did the price. Over the following weeks, PEPE, like many other meme coins, retraced by up to 25%, leading some to believe the rally had fizzled out. However, behind the scenes, something more significant was brewing.

On-chain data revealed that whales were quietly accumulating PEPE during the downturn, making large purchases at key price levels. Such moves are often seen as precursors to major price rallies, as reduced circulating supply can trigger outsized price movements.

That theory proved accurate. Days after these whale acquisitions, PEPE went on a tear, reclaiming its bullish momentum and notching its highest price to date.

PEPE’s Rise to the Top of the Meme Coin Rankings

PEPE’s surge isn’t just a flash in the pan. It has now solidified its position as the third-largest meme coin by market cap, behind Dogecoin (DOGE) and Shiba Inu (SHIB).

With a market cap of over $11 billion, PEPE now ranks as the 23rd-largest cryptocurrency overall, according to CoinGecko. While SHIB remains a formidable rival with a $19 billion market cap, the gap is beginning to narrow. For context, PEPE is now only $8 billion away from overtaking SHIB to claim the number two spot in the meme coin hierarchy.

What’s Next for PEPE? Community Hype and Bold Predictions

PEPE’s resurgence has reignited optimism within its passionate community. Supporters have taken to social media, with some boldly predicting that the meme coin could soon overtake SHIB. Given the pace of rallies during this crypto bull cycle, such a leap isn’t out of the question.

Recent market trends have shown that in a bull market, momentum can drive meme coins to unthinkable heights in short periods. SHIB’s current market cap advantage may seem significant, but in the world of speculative crypto assets, things can change in an instant.

With whales actively backing PEPE and broader bullish sentiment lifting the entire crypto market, many are wondering if this is just the beginning of a much larger move.

Final Thoughts

PEPE’s ability to defy expectations has become a defining feature of its rise. From its early underdog status to its current position as a top-25 cryptocurrency, the token continues to surprise the market. Whale accumulation, major exchange listings, and an engaged community have combined to fuel its upward trajectory.

As for the future, eyes will remain locked on PEPE’s next move. Can it close the $8 billion gap with SHIB? Will whale accumulation continue to drive momentum? One thing is certain — in the unpredictable world of crypto, everything is on the table.

Stay tuned for the latest updates on PEPE, meme coins, and the ever-shifting crypto market landscape.