PEPE, a meme-inspired cryptocurrency, surged over 2.5% in the last 24 hours, outperforming the memecoin sector measured by the CoinDesk Memecoin Index which rose 2.24% in the same period. The price increased from $0.00000969 to $0.00001027, with trading volumes exceeding 314 billion tokens during a rapid price move. Trading activity in the $0.00001000 to $0.00001003 range created a temporary floor, with resistance forming near $0.00001007, indicating accumulation by investors. PEPE also outperformed the wider cryptocurrency market, rising 1.8% in the past 24 hours. Data from Nansen shows the top 100 PEPE addresses on the Ethereum network increased their holdings by 4.28% in the last 30 days, while exchanges’ PEPE holdings decreased by 2.15%. Open interest for PEPE futures products has continued to rise, reaching approximately $645 million according to CoinGlass data.

Read more at Yahoo Finance: PEPE Outpaces Memecoin Market as Whales Continue Accumulating