Whale Accumulation Fueled PEPE Rally to Three-Month High

PEPE has seen a significant surge in price, gaining around 25% this week. This rally is largely attributed to whale activity and retail demand, which have been increasing steadily over the past few days.

The exchange supply of PEPE has dropped to 81.30 trillion tokens, indicating that fewer tokens are available for selling. At the same time, top non-exchange addresses now hold 84.04 trillion PEPE, suggesting fresh accumulation among large-wallet investors.

Whale activity increased as PEPE supply moved away from exchanges, with Santiment recording seven transactions worth more than $1 million on Thursday. This marked the highest daily total since March 16 and suggests renewed interest from major PEPE holders.

The rising concentration among top addresses strengthens the accumulation argument, but traders still need confirmation from price action and volume. PEPE currently maintains a bullish near-term technical structure, with the token having gained roughly 22% across the latest two sessions.