PEPE Surges Amid Meme Coin Frenzy and Whale Activity

• PEPE's price surged over 30% in 24 hours, reaching $0.0000056004, driven by whale accumulation and technical momentum according to analysis.
• A large PEPE holder withdrew 500B tokens from Binance, indicating confidence in the token's recovery after a six-month decline according to reports.
• The meme coin market added $11 billion to its market cap in a week, with PEPE rising 51% amid a broader rally involving DOGE and SHIB according to data.

PEPE has shown a remarkable 30% price increase within a 24-hour period, reaching $0.0000056004 according to analysis. This surge is attributed to whale-driven accumulation and strong technical indicators. The token has broken through key support levels and is currently testing resistance, with bulls eyeing a potential move to $0.0000075 according to reports.

The PEPE rally has been supported by large whale activity, including a 500B token withdrawal from Binance, which signals confidence in the token's long-term prospects according to analysis. This behavior aligns with the ME2F framework, highlighting how whale dominance in meme coins often leads to sharp price swings during sentiment shifts according to reports.

In a broader context, the meme coin sector has experienced a significant resurgence, with PEPE's price rising by 51% alongside DOGE and SHIB. The sector's market cap grew to $50 billion in a week, driven by renewed investor interest and increased trading volumes according to data.

Why Is PEPE's Price Surge Attracting Attention?

The rapid 30% surge in PEPE's price reflects strong technical momentum and whale-driven accumulation after a prolonged slump according to analysis. Whale activity is a significant driver of meme coin volatility, and strategic accumulation, such as the 500B PEPE withdrawal from Binance, contrasts with large-scale dumping observed in late 2025 according to reports.

Leveraged traders are using AI-powered tools to monitor market sentiment and funding rates in real time according to analysis. These tools allow traders to adjust positions dynamically as whale sentiment shifts, which is crucial in a volatile market where large holders can influence price movements according to reports.

The 50-period EMA getting closer to the 100-period EMA suggests a potential trend change, while large holders have been reducing their PEPE exposure, withdrawing nearly 2.86 trillion tokens since late December according to analysis. This activity represents about $20 million in supply, yet the price has still rallied aggressively according to reports.

What Are the Risks for PEPE Traders?

Despite the impressive 84% price rise since late December, PEPE's broader three-month downtrend remains intact, as the coin is still down around 32% according to analysis. The 12-hour chart shows a classic pole and bull flag pattern, attracting momentum traders for potential continuation according to reports.

Derivatives market data shows that long positions in PEPE are almost double the short positions, indicating a crowded long position according to analysis. This suggests that the recent price gains may be fragile and susceptible to sharp reversals if bullish momentum falters according to reports.

The Stochastic RSI has dropped from overbought levels, suggesting that buying pressure is easing according to data. If PEPE consolidates below $0.000006304, it may retest support levels, signaling that the recent rally was more of a spike than a lasting move according to reports.

PEPE has also been influenced by crypto influencer James Wynn, who predicts the token could grow from a $1.7 billion market cap to $69 billion in 2026 according to analysis. The memecoin surged over 34% after this prediction, highlighting the speculative nature of the market according to reports.

Analyst Steph is crypto noted that PEPE may be entering the third wave of an Elliott Wave setup, typically the most powerful in an uptrend according to reports. If PEPE holds above the $0.00000500-$0.00000600 zone, it could see an 80% increase, reaching $0.0001300 according to analysis.

The broader meme coin market has added $11 billion to its market cap in a week, with DOGE's spot inflows contributing to the resurgence according to data. This renewed interest has also led to increased trading volumes and short liquidations, further pushing prices higher according to reports.