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Pepecoin rises 6% as whale accumulation signals potential breakout amid crypto market recovery

Technical Signals
16 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Pepecoin (PEPE) surged 6.08% to around 0.000004012, driven by easing geopolitical tensions and a broader crypto market rebound that boosted risk appetite. Increased trading activity and open interest in PEPE futures by 20% to $228.67 million indicate growing trader confidence and liquidity. Large investors, or whales, have steadily accumulated PEPE tokens, with wallets holding 100 million to over 1 billion tokens increasing their stakes, signaling strong medium-term bullish sentiment. This combined retail and whale interest suggests potential for continued price gains in the near future.

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