Key Takeaways:
- Pepe token price increased 6% in 24 hours to $0.00000521.
- Whale accumulation and rising Open Interest suggest growing investor confidence.
- The surge could signal a potential breakout for the meme coin sector.
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Pepe token price jumps 6% on whale buying signal
The price of the Pepe (PEPE) token rose by 6 percent in the last 24 hours to $0.00000521 as of 16:24 UTC on April 16, 2026, driven by significant whale accumulation.
"Large investors are showing renewed confidence in PEPE's short-term potential," said a researcher at Lookonchain, a leading on-chain analytics firm. "We've observed several large wallets accumulating PEPE over the past 48 hours."
Data from Coinglass shows a 10 percent increase in Open Interest for PEPE futures, reaching $550 million. This, combined with the whale activity, suggests that large investors are positioning for a potential price breakout. The recent price action has liquidated over $5 million in short positions.
This accumulation by large holders, if sustained, could lead to a supply squeeze and further price appreciation for PEPE. The trend may also attract retail investors, potentially sparking a wider rally across the meme coin sector, which has been looking for a new catalyst.
This article is for informational purposes only and does not constitute investment advice.
