Zinger Key Points
- As trade war tensions ease, whale activity in Pepe spikes, signaling renewed investor interest.
- Traders eye Pepe flipping Shiba Inu and Dogecoin, with some calling for a run to all-time highs.
- Today's manic market swings are creating the perfect setup for Matt’s next volatility trade. Get his next trade alert for free, right here.
Pepe PEPE/USD has rallied 23% iover the past week, gaining momentum on the back of rising whale transactions and an uptick in new holders.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Pepe PEPE/USD | $0.058857 | $3.7 billion | +5.3% | +23.6% |
| Dogecoin DOGE/USD | $0.1782 | $26.6 billion | +4.2% | +14.8% |
| Shiba Inu SHIB/USD | $0.00001352 | $8 billion | +3.9% | +14.4% |
Trader Notes: Crypto analyst Davie Satoshi says Pepe is the current meme coin market leader, calling it a “reliable barometer” for the broader trend.
However, he warns that the 3-day Stochastic RSI is peaking, historically signaling a cooldown or short-term pullback.
He adds that it’s usually more bullish when the RSI is at the bottom, so traders may want to wait for momentum to reset.
CryptoPepe sees Pepe “super bullish” with target 1 at $0.000001070, target 2 at $0.000001500, target 3 at $0.000002200. Target 4 and target 5 is to overtake Shiba Inu and Dogecoin.
Meanwhile, Plazma says the PEPE/ETH pair is gearing up for a move toward all-time highs, citing strength in both structure and sentiment. Trader y00thereum went further, saying he's "very confident" Pepe will flip Shiba Inu soon.
Statistics: Plazma reported 314 new holders joined the Pepe ecosystem on April 23, bringing the total to 424,302.
He added that the trade war de-escalation is helping risk assets, and Pepe is leading meme coins, now ranked 28th in overall crypto market cap.
IntoTheBlock data shows Pepe's large transaction volume and daily active addressed increased by 28.7% and 29.9%, respectively, in a single day.
Transactions greater than $100,000 spiked from 190 to 231.
With 74% Pepe concentration by large holders, traders remain confident about the meme coin's long-term price trajectory.
Coinglass data shows Pepe derivatives trading volume expanded by 12.6% and open interest zoomed 5.4% higher in a single day.
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