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PEPE Price Surges 19.32% Amid Market Rally

Guavy AI Editorial Team
Instruments
BTC PEPE
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On September 21, 2026, PEPE experienced a significant price surge of 19.32% on Phemex, but an investigation found no PEPE-specific news or events that could have triggered this move.

The analysis suggests that the jump was likely due to the overall market sentiment, as many other assets listed on Phemex also saw gains on that day, with 103 out of 124 perpetuals closing higher and Bitcoin adding 6.71%.

PEPE's price movement can be attributed to its high beta, indicating that it is highly correlated with the overall market.

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