Pepe Coin (PEPE) Jumps 9% After the Federal Reserve Decided to Keep Interest Rates Unchanged

Pepe Coin (PEPE) price has risen 9% after the Federal Reserve decided to keep interest rates unchanged. The meme coin is now trading at $0.00000837 and looks to be heading towards $0.000010 and possibly beyond.

This rally is being driven by increased activity from whales, with the number of PEPE tokens held by whales (10 to 100 trillion coins) increasing by 20% in 2025, according to blockchain analytics firm IntoTheBlock.

At the beginning of the year, whales held 119.83 trillion PEPE tokens in total. However, by May 7, this number had risen to 144.56 trillion. This huge influx of capital from major market players is also pushing the price upwards.

As the meme coin continues to move up, there’s a chance that short liquidations could add to the price momentum.

According to the Pepe Liquidation Map, there’s a $1.12 million short liquidation risk at $0.000843. If this level holds, short positions will be liquidated and the price will go up.

The classic bullish pattern

The price of Pepe Coin has bounced back strong after dropping from $0.00000576 in early April.

This recovery is confirmed by the price action above the key Fibonacci levels, especially the 23.60% Fibonacci retracement at $0.00000823.

The price action is now setting up the cup and handle pattern with the neckline of the pattern around the $0.0000090 resistance zone. A break above this zone could set PEPE up to target $0.00001465, a price level that’s aligned with the 61.80% Fibonacci extension.

The cup and handle pattern is usually a bullish pattern that occurs after a period of consolidation. It's recognized by a "cup" that's formed during the downward movement of the asset's price, followed by a "handle" that's formed during a sideways movement of the asset's price.

The pattern is said to be complete when the price breaks out of the handle and continues to move in the direction of the trend.

This breakout could be driven by increased activity from whales, who have been accumulating Pepe Coin in recent months. According to IntoTheBlock, the number of PEPE tokens held by whales (10 to 100 trillion coins) has increased by 20%.

This is a strong sign of confidence in the coin as whales are positioning themselves for profits as prices go up.

Moreover, the dominance of long positions over short positions is growing. Coinglass data shows that PEPE Open Interest is $396 million with long positions making up 52.78% of it. This is a sign that the market is betting on the trend to continue.