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PEPE Jumps 2.5% as Whale Holdings Rise; Futures Open Interest Near $645M

PEPE price is down 19% this week, consolidating in a tighter range, while SHIB and XLM demonstrate notable activity in the broader market.

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SHIB
XLM

Summary

PEPE price dropped about 19% this week, stabilizing in a range between $0.0000095 and $0.0000115 after an early-week bounce. Whale activity is increasing, with the top 100 PEPE addresses adding 4.28% to holdings in 30 days. Futures open interest remains near $645 million. XLM gained 3% after breaking through $0.41, signaling potential for further upside. SHIB's ongoing price action is also part of the shifting market dynamics.

Terms & Concepts
  • Open Interest (Futures): The total number of outstanding futures contracts not yet settled. Rising open interest can indicate increasing market participation and conviction.
  • Whale Accumulation: Large holders (“whales”) increasing their token balances over time, often interpreted as a sign of sustained investor interest.
  • CoinDesk Memecoin Index (CDMEME): A benchmark index tracking the performance of leading memecoins, used to gauge sector-wide movements.