Despite the cryptocurrency market's consolidation phase, PEPE coin has gained attention with significant accumulations, challenging the general market downturn and raising optimism among investors. On-chain data reveals that approximately 650 billion PEPE were purchased in the last 24 hours, fueling curiosity about the altcoin's future price movements.

Investors have been accumulating PEPE, with four unknown wallet addresses predominantly buying large amounts from cryptocurrency exchanges. One wallet address, known for its expertise in swing trading, withdrew 350 billion PEPE worth $3.44 million from Binance, profiting $2.66 million from trading PEPE. Other wallet addresses have also made significant purchases, contributing to the optimism surrounding PEPE's potential rise.

Despite strong accumulation trends, PEPE's price has experienced significant fluctuations in the last 24 hours, with a slight decrease of 0.27% to $0.00000867 at the time of writing. The price chart shows trading activity in both red and green zones, reflecting market uncertainty. However, the accumulation trend indicates buying pressure for the altcoin against the general market trend, raising optimism about PEPE's long-term prospects, especially considering Bitcoin's recent block reward halving and significant accumulations observed in recent days.