PEPE Price Skyrockets Amid Market Rally — Could $1 Ever Be Realistic?
The meme coin PEPE has seen a notable 19% price surge in the past 24 hours, climbing to $0.00001320, in line with a broader crypto market uptrend. This spike coincided with Bitcoin hitting a new all-time high of $118,887, which has lifted sentiment across most major altcoins.
PEPE has outperformed many peers, logging a 35% gain over the last week and 42.5% in two weeks. One of the most eye-catching metrics is its trading volume explosion, jumping from $480 million to $7.8 billion overnight — a more than 10x increase, signaling a massive influx of activity and renewed interest.
Technical charts show that PEPE has broken out of a consolidating “pennant” pattern, often a bullish sign. Supporting this, on-chain data indicates whale accumulation is rising, suggesting growing confidence from large holders.
Importantly, PEPE is not currently overbought, leaving room for continued upside. Many traders view this as a strategic entry point ahead of possible further rallies.
Having been heavily sold off from January to May, PEPE is still below its all-time high of $0.00002803, giving bullish investors reason to think there’s more room to climb — especially if market conditions remain favorable.
The recent imposition of U.S. tariffs on Canada has surprisingly driven capital into perceived safe havens like Bitcoin and gold, indirectly benefiting the broader crypto market.
While some headlines suggest a $1 price target for PEPE, this would require astronomical growth — specifically, a ~75,000x increase from its current price — which would demand massive market cap expansion, widespread adoption, and likely extensive token burns to reduce supply. It’s not impossible in theory, but highly speculative.
TL;DR:
• PEPE is gaining momentum, with strong technicals and massive volume spikes.
• Whale buying and breakout patterns suggest more short-term upside.
• A return to ATH ($0.00002803) is plausible if market conditions stay bullish.