Whales Pump PEPE 20% Overnight—$0.00001465 Target in Sight

Memecoin mania strikes again as Pepe Coin (PEPE) rockets 20% on whale accumulation. The frog-themed token now eyes a breakout above $0.00001465—proving once more that in crypto, fundamentals are optional when hype has a pulse.

Key drivers? A single wallet gobbled up 420 billion PEPE (because of course it did) while traders front-run the next ’viral narrative.’ Technicals suggest momentum could push prices higher… until the next ’rug pull’ masquerading as a ’community project.’

Bonus jab: Wall Street analysts still can’t decide if this is ’speculative froth’ or ’Web3 innovation’—meanwhile, degens are too busy counting imaginary gains to care.

Pepe Coin Cup and Handle Pattern

PEPE has formed a classic bullish pattern called a cup and handle. After a price drop from $0.00000576 in early April, PEPE has bounced back strong. The cup and handle pattern is confirmed by the price action above the key Fibonacci levels, especially the 23.60% retracement at $0.00000823.

• The neckline of the cup and handle pattern is around the $0.0000090 resistance zone.

• A break above this zone would set PEPE up to target $0.00001465, a price level that’s aligned with the 61.80% Fibonacci extension.

Whale Activity and Bullish Sentiment

Whale activity is driving the bullish sentiment. According to IntoTheBlock, the number of PEPE tokens held by whales (10 to 100 trillion coins) has increased by 20%, from 119.83 trillion on January 1 to 144.56 trillion by May 7. This is a strong sign of confidence in the coin as whales are positioning themselves for profits as prices go up.

Moreover, the dominance of long positions over short positions is growing. Coinglass data shows that PEPE Open Interest is $396 million with long positions making up 52.78% of it. This is a sign that the market is betting on the trend to continue.

Short Liquidations and Continued Price Momentum

As PEPE continues to MOVE up, short liquidations could add to the price momentum. According to the Pepe Liquidation Map, there’s a $1.12 million short liquidation risk at $0.00000843. If this level holds, short positions will be liquidated and the price will go up.

In summary, PEPE is looking up with a solid cup and handle pattern, increasing whale holdings and growing long-to-short ratio. Traders are waiting for a breakout to $0.00001465 if whale activity continues.

Points to Note:

• PEPE is forming a cup and handle to $0.00001465.

• Whale holdings up 20% in 2025.

• Longs increasing reduces short liquidation risk.

• Breakout above $0.0000090 could be sustained.