Meme-Coin PEPE Surges 40% in Week Amid Broader Crypto Rally
PEPE has emerged as one of the strongest performers in the latest meme-coin rally, rising by approximately 40% over the past week. The token briefly reached $0.00000515 and pushed its market capitalization above $2 billion following a broader rotation into higher-risk crypto assets triggered by Bitcoin's move above $85,000.
The breakout marks a significant reversal from earlier this year when meme-coin trading volumes collapsed by as much as 80%. PEPE has now broken through the major resistance level of $0.00000458 and is trading above its 20-day, 50-day, 100-day, and 200-day moving averages.
While PEPE does not have a specific project-driven catalyst behind the move, it appears to be reacting aggressively alongside renewed risk appetite across crypto. The token has historically surged during sector-wide rallies and had previously risen by 60% in another such event.