The PEPE coin has once again taken the crypto market by storm as its price continues to soar. In a recent development, a fresh wallet has accumulated a staggering 202 billion PEPE coins from Binance, sparking market sentiments of more potential price gains in the pipeline.

Despite PEPE already being on a phenomenal bull run, the fresh wallet's massive accumulation has further added to the bullish sentiment in the market. The anticipation among crypto market participants is palpable, as they interpret this as a bullish sign. Despite sentiments that PEPE has reached its peak, the increased investor confidence in the asset suggests that the meme coin still has room to grow.

The massive accumulation of PEPE coins from Binance has further added to the bullish sentiment in the market. According to data revealed by the on-chain analytics platform Whale Alert, 202.4 billion PEPE coins were withdrawn from Binance by a new wallet address, 0x5077. The accumulation, illustrating coins worth $3.07 million bought, happened via two transactions.

The PEPE coin has already defied market expectations, hitting new ATHs and surging to unprecedented levels amidst this year's bull cycle. The massive accumulation surfacing amid this upswing has further added a bullish splash to the meme-based token.

However, it is worth noting that PEPE dumps have also surfaced in the market recently, adding a layer of intrigue to the matter. This might be due to investors' profit-taking behavior, as PEPE has rallied phenomenally, worth 96% over the past month.

As of writing, PEPE's price has rallied 2.80% in the past 24 hours and is currently trading at $0.00001519. Its 24-hour lows and highs are $0.00001394 and $0.00001547, respectively. Coinglass data underscored a strong market uptrend for PEPE at press time, with futures OI surging 1.63% to $169.12 million, followed by a derivatives volume upswing of 37.49% to $916.90 million. This data has painted an optimistic portrait of PEPE's price movements in the market.

Moreover, the RSI added on to the token's bullish take, resting near 63. This further hinted that the meme-based investment product has yet to enter an overbought territory, with potentially more room for gains left. Coupled with the massive accumulation mentioned above, Pepe coin's market statistics have aided the token in taking a bullish stage among crypto market traders and investors globally.