PEPE Token Surges 8.61% Amid Whale Activity and Elon Musk Meme-Driven Trading Frenzy

PEPEUSDT experienced an 8.61% price increase over the past 24 hours, rising from 0.00000871 to 0.00000946, according to Binance data. This upward movement follows a period of high volatility and persistent selling pressure indicated by technical metrics such as a low RSI and negative MACD, but appears to be driven by renewed speculative interest, increased trading volume, and significant whale activity. Recent news highlights include investor positioning for a potential recovery after a multi-day sell-off, a widely reported case of a trader achieving substantial returns, and ongoing social media engagement—particularly following a meme-related post by Elon Musk—which contributed to a surge in trading volume and heightened market activity. Overall, PEPE maintains strong community support and high trading volumes, with the current price consolidating near recent highs amid cautious sentiment and ongoing speculative trading.