PEPE Token Shows Resilience with Potential Breakout Amid Heavy Exchange Outflows

Despite a cooling broader market, Pepe is trading near a critical technical breakout level, showcasing its resilience. The meme token remains 51% below its all-time high, hinting at latent upside potential if bullish momentum continues. Notably, exchange data reveals a significant trend: 17.9 trillion PEPE tokens have been withdrawn from trading platforms since July 16, signaling strong holder conviction as investors move assets to private wallets. This sustained outflow pattern underscores growing confidence in PEPE's long-term prospects, making it a token to watch in the coming weeks.

PEPE Price Eyes Breakout Amid Heavy Exchange Outflows

PEPE defies broader market cooling, trading NEAR a critical technical breakout level despite remaining 51% below its all-time high. The meme token's resilience suggests latent upside potential if bullish momentum persists.

Exchange data reveals a striking trend: 17.9 trillion PEPE tokens have exited trading platforms since July 16. This sustained outflow pattern signals strong holder conviction, as investors move assets to private wallets rather than preparing to sell. The divergence between rising prices and continued outflows underscores a potential supply squeeze.

Market Value to Realized Value (MVRV) ratios remain modest at +12.24%, indicating limited sell pressure despite recent gains. Historical patterns suggest this threshold rarely triggers mass profit-taking, creating room for further appreciation.

PEPE Sparks Google Frenzy With 300% Surge In Search Interest

PEPE has reclaimed the spotlight after a dramatic spike in Google search interest on July 22, catapulting the memecoin to the top of trending lists. Google Trends data revealed a leap from 25 to a peak score of 100—a 300% surge—marking the highest possible level of search popularity. While fleeting, such moments are critical for hype-driven tokens, serving as either fuel for rallies or precursors to volatility.

Analysts note that extreme search interest often precedes price movements, as new buyers flood in. Yet, these spikes can also signal market tops, particularly for volatile assets like PEPE. Trading volume data shows sellers dominated in the days leading to the rally, but bullish momentum is now attempting to stabilize the token.

On-chain metrics highlight a technical breakthrough: PEPE shattered its long-term downtrend from December 2024, with a double-bottom formation at $0.00000568 in March. The trendline was decisively breached on July 10, suggesting a potential shift in market structure.

Pepe Price Forecast: PEPE Eyes 20% Rally as Open Interest Hits Record High

Pepe (PEPE) price remains steady around $0.000013, signaling potential for an upward breakout. Open Interest has surged to a record $1.02 billion, reflecting heightened market activity and bullish sentiment.

Derivatives data from CoinGlass shows a sharp rise in futures OI, up from $748.38 million on June 17. This influx of capital suggests growing confidence among traders, with technical indicators pointing to a possible 20% rally.

On-chain metrics reinforce the optimism. Santiment's Supply Distribution data reveals increasing accumulation by large-wallet holders, commonly referred to as whales. The trend underscores institutional interest in PEPE's upside potential.