PEPE Jumps 10% as Trading Volume Hits $600M, Whale Buys Drive Meme Coin Surge

PEPE has experienced significant upward momentum over the past 24 hours, with its price rising by over 10% and trading volumes surging to nearly $600 million. The token remains a leading meme coin on Ethereum, supported by strong market activity and renewed investor interest.

Currently, PEPE is trading between $0.00000915 and $0.000013, with a 24-hour price increase of approximately $0.0000029. The market capitalization ranges from $2.83 billion to $3.3 billion, and the circulating supply is around 420–421 trillion tokens. Over the past week, the price has increased by 17.72% and by 106% over the past month, ranking PEPE between #22 and #29 by market capitalization.

The recent price surge is attributed to several factors, including a broader cryptocurrency market rally led by Bitcoin, increased whale accumulation (notably a $4.36 million purchase of 500 billion PEPE tokens), and heightened trading activity with buy orders outpacing sells on major exchanges. Macro factors such as the Federal Reserve maintaining interest rates, optimism around US-China and US-UK trade discussions, and overall improved risk appetite have also contributed to positive sentiment. Additionally, ongoing regulatory discussions in the US regarding meme coins and Binance’s recent campaign have drawn attention to PEPE, further supporting trading activity and market engagement.