PEPE Surges Over 2.5%, Outshines Memecoin and Broader Crypto Markets

Meme-inspired cryptocurrency PEPE has seen a strong rally, climbing more than 2.5% in the past 24 hours, outperforming both the CoinDesk Memecoin Index (CDMEME), which rose 2.24%, and the broader CoinDesk 20 (CD20) index, up 1.8% in the same period.

According to CoinDesk Research’s technical analysis model, PEPE’s price jumped from $0.00000969 to $0.00001027, with over 314 billion tokens traded during a late surge in trading activity. Analysts observed significant trading within the $0.00001000 to $0.00001003 range, establishing a short-term support level, while resistance formed near $0.00001007. This pattern suggests accumulation, a sign that investors are building long-term positions rather than taking quick profits.

The rally is also being fueled by whale accumulation. Data from Nansen shows that the top 100 PEPE holders on Ethereum increased their holdings by 4.28% over the past 30 days, while exchange balances dropped 2.15%, indicating large investors are moving tokens off exchanges for long-term storage.

Meanwhile, open interest in PEPE futures has surged, reaching nearly $645 million, according to CoinGlass. This growing derivatives activity signals heightened trader confidence and increased speculative interest in the token’s price action.

The combination of whale buying, rising open interest, and strong price momentum suggests PEPE’s bullish trend could continue in the near term. As investor sentiment strengthens around meme coins, PEPE’s performance positions it as one of the most closely watched assets in the memecoin sector—potentially setting the stage for further upside if accumulation persists.