- A whale purchase of 39,652 ETH triggered renewed market activity after Powell’s remarks.
- PEPE surged 130% and FLOKI jumped 115%, both breaking past recent resistance with strong volume support.
- SHIB and BONK each gained over 100%, reclaiming key levels from earlier market cycles.
A significant capital inflow has entered the crypto market, as a single entity acquired 39,652 ETH—worth over $153 million—within a 24-hour window. The purchase occurred shortly after U.S. Federal Reserve Chair Jerome Powell’s recent speech triggered widespread panic selling.
As small players vacated their positions, buyers stepped in to purchase their discounted assets. This heavy influx of capital has appeared with wild price action in a number of altcoins that have gone up over 120% altogether at the same time they have been purchased.
PEPE Breaks Key Range With Strong Volume Spike
Pepe (PEPE) was among the strongest tokens of the session, moves sharply above the recent consolidation projects. The meme token rallied sharply, as trading volume exploded across various centralized exchanges
This move follows a prolonged range phase, during which volatility remained relatively low. The breakout saw the token reclaim lost momentum, reaching price zones not seen since early Q2. Technical indicators also confirm strength, with PEPE closing above both short-term and mid-range moving averages.
FLOKI Extends Rally With Accelerated Momentum
Floki (FLOKI) also posted a notable performance, gaining strongly following the broader market shift. The token’s current trajectory reflects accelerated buying pressure, particularly in the last two sessions. Recent price behavior has placed FLOKI back into a rising wedge structure, which it previously failed to hold in late June. Volume indicators show consistent accumulation, and order books across major platforms continue to tighten around current resistance. These movements suggest ongoing interest amid renewed retail participation.
SHIB and BONK Reclaim Key Levels Amid Coordinated Market Recovery
Shiba Inu (SHIB) and Bonk (BONK) rallied in the set, each registering strong gains in the current trading cycle. SHIB led the move early, breaking through multi-week resistance levels before consolidating above support. Shiba Inu (SHIB) rebounded to $0.000013 after seeing reductions in exchange reserves, accumulation by whales and stability in existing longs. Wearing the $0.000013 line could represent an effective short-term bounce pattern in momentum.Meanwhile, BONK followed with a sharp upward move, clearing key moving average thresholds and closing multiple daily candles above critical breakout levels. Both tokens have now returned to zones established during previous cycle highs. This synchronized altcoin movement reflects renewed demand following macro-driven volatility, with prices across these assets responding swiftly to shifting market liquidity.
