PEPE Weathers Market Correction as Whales Signal Confidence
Despite a recent 8% dip in PEPE’s value amid broader market declines, the meme coin shows resilience with notable whale accumulation and sustained weekly gains.
PEPE Dips Slightly Amid Market Correction, Whales Continue Accumulation
Pepe (PEPE) has declined by 8% over the past 24 hours, mirroring a broader 3.5% drop across the cryptocurrency market. The meme coin now trades at $0.000008475, retracing some of its recent gains fueled by speculative trading and political sentiment.
Despite the pullback, PEPE remains up 16% weekly and 26% biweekly, buoyed by significant whale activity. Trading volume has nearly quadrupled in recent days, with five wallets collectively acquiring over 600 billion PEPE on April 15 alone. This accumulation suggests institutional confidence persists even during price corrections.
The market’s initial exuberance followed former President Donald Trump’s trade deal overtures to China, though the lack of concrete developments has tempered sentiment. Analysts note PEPE’s resilience compared to other meme coins, with its volume surge indicating potential for near-term recovery.
Trump’s Crypto-Friendly Stance Fuels Market Optimism as Pepeto Emerges
Donald Trump’s supportive rhetoric on digital assets has injected fresh Optimism into cryptocurrency markets, with frog-themed meme coin Pepeto (PEPE) rallying amid broader bullish sentiment. The token’s breakout from a prolonged consolidation phase suggests renewed trader confidence, though its substantial prior gains may limit upside potential.
Market dynamics reflect a shifting political landscape, as Trump’s downplaying of global trade tensions aligns with pro-crypto messaging. Elon Musk’s subtle endorsements of meme tokens further reinforce speculation that an altcoin cycle is gaining momentum.
While PEPE’s 100x growth phase appears unlikely to repeat, the convergence of political tailwinds and retail interest continues driving volatility across speculative crypto assets.
Crypto Investors Shift Focus to Pepeto as Trump’s Support Grows and Pepe Fades
Investors are pivoting toward Pepeto as enthusiasm for Pepe wanes, spurred by a breakout from a prolonged downtrend that hints at returning bullish sentiment. The shift coincides with Donald Trump’s pro-crypto rhetoric and Elon Musk’s oblique endorsement of frog-themed tokens, reigniting speculation about an altcoin season.
Pepe’s diminished upside potential—constrained by its high market cap and prior parabolic rally—contrasts with emerging interest in Pepeto. Market optimism broadens as Trump’s trade policy reassurances buoy risk assets, creating fertile ground for speculative plays.