Pepe (PEPE) is trading higher on Monday, extending the recovery that has been building over the past three weeks as both institutional-sized investors and retail traders showed renewed interest in the meme coin. On-chain data indicates that whale wallets have steadily increased their exposure to PEPE, while the amount of tokens held on cryptocurrency exchanges has continued to decline—a combination that often signals accumulation rather than selling pressure. Meanwhile, derivatives activity has accelerated, reinforcing expectations that bullish momentum could continue if key resistance levels are broken. Whale accumulation strengthens bullish outlook Large investors, commonly known as whales, appear to be increasing their PEPE holdings following the token’s recent decline.
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