PEPE Price Surges 53% Amid Meme Coin Market Rally

The meme coin market is seeing renewed bullish momentum, with PEPE leading the charge. The frog-themed cryptocurrency has soared 53% over the past week, fueled by a broader uptick in investor sentiment across the crypto space. According to on-chain analytics firm Santiment, meme coins, liquid staking platforms, and Layer-1 blockchains are experiencing double-digit gains in market capitalization. The meme coin sector alone is up 18%, with PEPE emerging as a top performer.

PEPE’s rally is supported by a spike in trading volume and on-chain activity, including significant whale transactions and heightened retail interest. Technical charts indicate that PEPE has broken through a critical resistance level, accelerating the upward move. On May 8, blockchain analytics platform Lookonchain reported that a whale acquired 500 billion PEPE worth $4.36 million, raising their total holdings to 2 trillion tokens.

Momentum continued on Friday as Whale Alert tracked a massive transaction of 7.14 trillion PEPE—worth approximately $78.8 million—between unknown wallets. This substantial movement underlines growing institutional and whale interest in the token.

PEPE's price recovery began on May 6 from a low of $0.00000759 and quickly picked up pace, erasing a zero as it reached $0.00001397 by Thursday. The rally extended into Friday, marking four consecutive days of gains. At press time, PEPE was trading at $0.00001242, up 0.21% in the last 24 hours after hitting intraday highs of $0.00001360.

With strong whale activity, bullish technical indicators, and surging trading volume, PEPE is solidifying its position as one of the leading assets in the current meme coin resurgence. Investors are closely watching whether the token can maintain its momentum into next week.