PEPE Price Rally Accelerates as Open Interest Soars to Record Highs

Pepe (PEPE), the frog-themed meme coin, continues its impressive rally with a 5% surge on Monday, following last week’s staggering 70% increase. This bullish momentum is further underscored by a record-breaking futures open interest of $595.36 million, reflecting strong trader confidence. Technical indicators suggest that PEPE could soon target $0.000016, as the token’s open interest has surged nearly 50% since Thursday, with $398 million in fresh capital entering the market. The combination of rising prices and increasing open interest highlights the growing conviction among traders, positioning PEPE as one of the most talked-about assets in the crypto space. With whale activity also on the rise, the meme coin’s upward trajectory shows no signs of slowing down, making it a focal point for both retail and institutional investors.

PEPE Price Surges as Open Interest Hits Record High

Pepe (PEPE) price extended its rally by 5% on Monday, building on last week’s 70% surge. Futures open interest for the meme coin reached a record $595.36 million, signaling strong trader conviction.

Technical indicators suggest the bullish momentum could propel Pepe toward $0.000016. The frog-themed token’s open interest has climbed nearly 50% since Thursday, with $398 million in fresh capital entering the market.

Massive PEPE Whale Transfers Spark Speculation Amid 81% Weekly Price Surge

Blockchain tracker Whale Alert has identified two significant transactions involving over 3.5 trillion PEPE tokens, worth more than $53 million. The first transfer moved 1.79 trillion PEPE ($26.6 million) from Binance to an unknown wallet, suggesting potential whale accumulation or internal restructuring. Shortly after, 1.77 trillion PEPE ($26.64 million) was sent from the unknown wallet to Ceffu, a Binance-affiliated custody service.

The anonymity of the wallet owners has fueled speculation about institutional involvement or over-the-counter deals. These movements coincide with PEPE’s sharp price rally, which has surged 15% in 24 hours and 81% over the past week.

PEPE Price Confirms Phoenix Rising Pattern That Triggers 70% Surge

The Pepe Price has unveiled a bullish ’Phoenix Rising’ pattern, signaling a potential 70% surge according to crypto analyst OneImpact. This technical formation suggests an extraordinary upside opportunity as the meme coin builds momentum at current levels.

Market observers note the completion of a bottoming pattern, reinforcing the bullish case. PEPE now appears poised for a recovery rally toward historical resistance levels, marking a potential reversal from its prolonged downtrend.