PEPE Price Surges 15.4%, But Reasons Remain Unclear
The PEPE meme coin has seen a significant price increase of 15.4% over the past week, according to data from CoinGecko.
As of September 20, 2026, the current price is $0.00000393, with a daily range of $0.0000038 to $0.00000431 and a daily gain of 3.4%.
The market capitalization stands at around $1.65 billion, placing PEPE in 57th place, while the total trading volume over 24 hours amounts to roughly $531 million, which is nearly one-third of its market capitalization.
Several explanations for this price surge are circulating online, including claims that whales are buying, a fund is coming, and a large token buyback is planned. However, upon closer inspection, these claims lack solid evidence and appear to be based on advertising copy rather than actual data.
A closer look at the market situation reveals that the whole market is in a friendly phase, with a fear and greed index of 71 out of 100, which is considered greed territory. Additionally, smaller coins like PEPE often perform better than Bitcoin during such phases due to larger price swings.