PEPE Token Surges 5.8% on Binance as Whale Accumulation, Burns, and Staking Drive Momentum

PEPEUSDT has experienced a 5.80% price increase over the past 24 hours, currently trading at $0.00001004 on Binance. This upward movement is primarily attributed to renewed whale accumulation, ongoing token burns reducing exchange reserves, and increased community activity, including high-profile staking initiatives and project fundraising. Technical signals, such as a recent bullish breakout with strong volume and moving average crossovers, have also contributed to positive sentiment and short-term momentum. Despite the recent rebound, analysts note that PEPE remains in a consolidation phase following a significant multi-month downtrend, with the broader memecoin sector seeing sustained investor interest and high trading volumes. The latest market data shows PEPE with a market capitalization of approximately $4.37 billion, 24-hour trading volume ranging from $660 million to $1.09 billion, and a fixed supply of 420.69 trillion tokens.