Pepe Jumps 3.20% Amid Global Market Relief Rally

The price of Pepe (PEPE) has surged 3.20% in the last six hours, largely due to a broader market relief rally after US officials canceled planned strikes on Iran.

This move is part of a larger risk-on rebound in large caps and several high beta tokens, with PEPE's price rising from around $0.00000278 to $0.00000293, a gain of 5.24% over the period.

The macro backdrop shifted from war escalation to partial de-escalation, leading capital to rotate back into risk assets in general.

Social traders and meme-focused accounts on X have also been calling out PEPE as the leading mover and signaling rotation into the broader meme complex.