Pepe Price Soars on Whale Demand and Futures Interest

Pepe's price surged 25% this week, driven by increased whale demand and rising futures interest.

In a notable development, seven transactions worth over $1 million each occurred on Thursday, representing the highest number since March 16.

The decline in exchange supply, from 82.75 trillion tokens to 81.30 trillion, suggests that major holders are accumulating tokens rather than selling them.

$PEPE futures Open Interest climbed to a three-month high of $250 million, up 19.6% from the previous day, indicating traders are opening new positions or adding exposure to existing contracts.