Whales and smart money are driving Pepe token recovery, with accumulating positions and rising futures open interest signaling bullish momentum amid an Ethereum rebound.
Pepe token experienced a four-day recovery, reaching $0.000012, its highest since July 28, amid significant whale accumulation. Whale holdings soared to over 8.95 trillion tokens, a 12% monthly increase, while smart money holdings climbed from 258 billion to 643 billion tokens. Additionally, futures open interest surged to $720 million with a positive funding rate, and Ethereum's rebound to $4,100 supported the rally.