Whale Accumulation and Rate-Cut Expectations Propel PEPE 5% Higher

PEPE Gains 5% as Fed Rate-Cut Hopes and Whale Activity Boost Risk Appetite

PEPE surged over 5% in the past 24 hours, climbing past key resistance levels amid renewed optimism surrounding a potential U.S. Federal Reserve rate cut in September.

The rally formed on a clear structure of higher lows, signaling strong underlying buying pressure. CoinDesk Research’s technical analysis model noted significant volume spikes accompanying each upward move, pointing to increased activity from large holders.

While the short-term momentum looks strong, the broader market dynamics offer a mixed backdrop.

Data from CoinGlass shows a 73% decline in PEPE derivatives trading volume since mid-July, indicating lower speculative interest. However, on-chain metrics suggest strategic accumulation is underway: the top 100 Ethereum wallets have increased their PEPE holdings by 2.36% over the past 30 days, while exchange balances dropped by 2.4%, according to Nansen.

The uptick in PEPE’s price aligns with a broader rally in risk assets. Market participants are increasingly pricing in a 25 basis-point rate cut from the Federal Reserve in September. The CME FedWatch tool now assigns a 93% probability to that outcome, while Polymarket users see a 79% chance.

Together, these macro and technical drivers are fueling renewed interest in PEPE, even as trading activity remains concentrated among larger holders.