Analysts are once again predicting a new all-time high for the Pepe coin price amid Ethereum’s most recent surge. Pepe coin could soon emerge as this cycle’s breakout star thanks to growing whale activity and a growing holder base.
PEPE Price Just a Step Away from New ATH
In a recent video, popular analyst Jake Gagain highlighted how the Pepe coin’s market cap has surged by over 32% this month, reaching $5.62 billion, a rebound from its value of just $2.5 billion in March. Gagain noted that Pepe coin has held strong despite past setbacks, including rogue developers selling millions in tokens and controversy around its branding.
“Pepe is officially less than a 2X away from its all-time high,” Gagain explained. He added that the coin’s recovery closely follows Ethereum rise to over $3,600, underlining how Pepe often mirrors broader market trends.
Gagain argued that if Ethereum sets a new record above $4,900, the Pepe coin price could potentially soar to a $15–$20 billion market cap.
Gagain’s long-term view remains bullish: “Good things take time,” he said, pointing to XRP breakout as an example of patience paying off. According to him, Pepe could still become a top 50 cryptocurrency, echoing the explosive rise of meme coins like Shiba Inu.
Furthermore, another Technical analyst, ChandlerCharts, shared a similar outlook, noting that every time Ethereum has broken above $3,100 and headed toward the $4,000 level over the last two years, the Pepe coin price has historically spiked. “Are you ready for a possible new ATH this weekend?” Chandler asked followers, highlighting past price patterns.
He later pointed out that Pepe still hasn’t reclaimed its previous altcoin cycle high, but stressed that each attempt has brought renewed buying pressure.
Pepe Coin Whale Activity and Holder Growth Drive Fresh Optimism
Beyond technical charts, on-chain data supports growing optimism. Earlier in the week, Whale Insider reported that the number of Pepe holders has now surpassed 463,000, signaling steady retail interest despite market volatility.
Notably, blockchain tracker Lookonchain noted that well-known trader James Wynn recently opened a leveraged 10x long position on Pepe coin after collecting a referral reward, betting that the price could climb further.
The renewed optimism surrounding the Pepe coin price has emerged after months of turbulence. Today, analysts see Pepe’s fate closely tied to Ethereum’s next move. If ETH breaks its previous highs, many believe the token could follow suit, reaching or even surpassing its all-time high.
As Gagain put it, “It’s a good day to be a Pepe holder.” With whale traders returning and retail enthusiasm climbing, the next few weeks could decide whether Pepe’s long-promised breakout finally materializes.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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