PEPE Jumps 5% as Rate-Cut Bets and Whale Accumulation Drive Risk Asset Rally
Popular memecoin PEPE has risen more than 5% over the last 24 hours, powered by a high-volume breakout that helped the token’s price surge above a recent resistance level.
The upward trend formed on a series of higher lows, a sign of sustained buying interest, according to CoinDesk Research's technical analysis data model.. Volume spikes accompanied each move higher, suggesting that larger investors may be accumulating.
While the rally has technical strength, the broader context is more complicated.
Trading volume across PEPE derivatives contracts has dropped 73% since mid-July according to CoinGlass data. That drop in activity comes amid a rise in the PEPE token holdings of the 100 largest addresses on the Ethereum network. Over the past 30 days, these addresses added 2.36% to their holdings, while exchange reserves dropped by 2.4%, per Nansen.
The rise of PEPE’s price is likely tied to an ongoing rally in risk assets, driven by growing expectations that the Federal Reserve will cut interest rates by 25 bps in September. The CME’s FedWatch tool is currently weighing a 93% chance of that happening, while Polymarket traders place chances at 79%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
