PEPE Price Looks to Bounce Back as Famed Trader Acquires 45B Tokens

PEPE price is showing signs of a rebound after absorbing heavy selling pressure from a hacker tied to Binance, with fresh whale accumulation drawing renewed attention to the meme coin. A legendary PEPE trader’s latest purchase has heightened market interest, though whether the recovery lasts will hinge on technical indicators and derivatives activity. At the time of writing, PEPE price is trading at $0.00000511, a roughly 12% gain over the past day, per TradingView data. The rebound comes on the heels of a major sell-off that drove the token down earlier in the day.