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Key Takeaways:
- PEPE exceeds 463,000 holders, reflecting a surge in retail adoption and speculation.
- Bullish cup-and-handle formation hints at a potential breakout above $0.00001580.
- Derivatives and on-chain metrics show rising confidence, demand, and accumulation.
Pepe (PEPE), the Ethereum-based memecoin, has reached a major milestone, surpassing 463,000 unique holders. This rise in user adoption coincides with a broader resurgence in memecoin activity and signals growing optimism for PEPE’s long-term potential.
Trading around $0.00001252, PEPE is up 1.68% in the past 24 hours. With renewed attention from both retail traders and whales, momentum is building toward what could become a significant breakout.
JUST IN: $PEPE surpasses 463,000 holders amid growing signs of an impending bull rally. pic.twitter.com/QAsjymt2D3
— Whale Insider (@WhaleInsider) July 13, 2025
Technical Pattern Signals Bullish Continuation
A classic cup-and-handle formation has appeared on PEPE’s daily chart, with the handle nearing completion. The neckline resistance at $0.00001580 remains the key breakout point. If price decisively clears this level, technical targets point to a rally toward $0.000030.
The Directional Movement Index (DMI) shows strong buyer control, with +DI at 35.3 well above -DI at 12.7. Meanwhile, the Average Directional Index (ADX) sits at 23.0, suggesting a trend in development that could strengthen with a breakout.
Derivatives Data Shows Growing Trader Confidence
PEPE’s derivatives market paints a bullish picture. Daily trading volume has surged by over 60% to $3.67 billion, while Open Interest is up 8.2% to $705.27 million—evidence of increasing speculative demand.
Additionally, the funding rate remains positive at 0.0107%, indicating that long positions are dominant. This positive sentiment aligns with the technical setup, as traders continue to bet on upward price movement and sustained momentum.
On-Chain Growth and Whale Accumulation Support Price Action
On-chain metrics reinforce PEPE’s bullish case. Active addresses have risen 38.43% week-over-week, while new addresses are up 39.01%, pointing to expanding retail participation. A 42.41% jump in zero-balance wallets further signals increased wallet activity and user churn.
Notably, whale transactions also grew by 6.63%, suggesting strategic accumulation by large holders. Historically, this alignment between retail and whale activity has often preceded explosive rallies.
With strong fundamentals and technicals, PEPE is well-positioned for a potential breakout beyond $0.00001580. However, confirmation through price action, volume, and sustained user growth is crucial.
Also Read: PEPE Price Breaks Out as Remittix (RTX) Surges 400%
If successful, the next leg could see PEPE target $0.000030. A failure to break resistance might lead to sideways consolidation, but growing user and whale demand could provide a solid support base.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
