PEPE Set for More Gains? Short-Term Holder Activity Signals Potential Upside

By: coinsprobe|2025/05/14 18:30:08
0
Share
copy
Date: Wed, May 14, 2025 | 10:10 AM GMTThe cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 58% over the past month and is now trading above the $2,600 mark — its highest level in months. This resurgence is also helping to lift sentiment across major memecoins, including Pepe (PEPE).PEPE is currently showing impressive monthly gains of over 89%. But beyond price action, an important on-chain signal may be pointing to even more upside.Source: CoinmarketcapShort-Term Holder Activity Signals Potential UpsideAccording to the latest insights shared by Max, there’s been a noticeable uptick in short-term holder activity for PEPE. The latest chart highlights a clear rise in the number of wallets holding PEPE for less than 30 days — a strong sign that fresh capital and new participants are entering the market.Historically, spikes in short-term holders (marked by green arrows on the chart) have consistently aligned with explosive rallies in PEPE. Notably, these surges occurred right before the massive +800% rally in February and the +200% jump in October 2024. Conversely, periods of declining short-term holder activity (red arrows) have often preceded local tops or periods of price stagnation.Source: @MaxBecau (X)Currently, we’re witnessing a new upward trend in short-term holder count, just as PEPE breaks out of a prolonged 4-month downtrend. This rise from a relatively low base echoes the pre-rally setups of early 2024 and may indicate that PEPE is gearing up for another significant leg higher.What This Means for PEPEWhile nothing in crypto is guaranteed, the combination of bullish price action and rising short-term holder activity paints a compelling picture. Increased speculative interest typically fuels rapid moves in memecoins, and PEPE seems to be benefiting from that dynamic once again.Should Ethereum continue its upward trend and memecoins remain in favor, PEPE could be well-positioned to retest its previous highs — or even chart new ones.For now, on-chain data is flashing green. Traders and investors keeping an eye on speculative momentum may find PEPE’s current setup too interesting to ignore.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News

Read more