Froged faced memcoin Pepe Coin (PEPE) is making waves again, soaring 16% to trade near $0.00001225 today. On-chain data shows major whale activity, signaling strong accumulation and drawing new traders’ attention.
This surge positions PEPE as a standout performer among meme coins, attracting both retail and institutional interest in the growing altcoin rally.
A major factor behind PEPE’s recent momentum is a huge purchase by a crypto “whale.” In the last 24 hours, whales moved 11.75 trillion PEPE tokens, worth about $160 million, causing a 45% jump in on-chain activity.
On-chain analytics platform Lookonchain reported that one wallet alone bought 1.52 trillion PEPE tokens, worth nearly $16 million, on Kraken.
Such big buys often show confidence and encourage retail investors to jump in, creating more demand. Large purchases and token movement from exchanges also reduce available supply, which can push prices higher.
In contrast to modest moves in DOGE price by 8.2% and SHIB by 6.29%, PEPE’s explosive rise shows that it remains a standout performer within the meme coin segment with a gain of 16%.
Meanwhile, the trading volume today rose by approximately 189%, hitting around $1.62 billion, a testament to growing market enthusiasm and liquidity.
The rally is also part of the broader “altcoin season,” where investors rotate capital out of Bitcoin and into higher-risk, higher-reward tokens including meme coins like PEPE. The Altcoin Season Index recently surged from 66% to 82%, indicating heightened appetite for altcoins overall.
In this environment, PEPE is a natural beneficiary given its viral community and tokenomics.
Pepe Coin (PEPE) has risen about 28% over the past week due to strong buying activity. It recently broke a key resistance level at $0.0000115, which has opened the way for it to move towards the next resistance zone between $0.000013 and $0.000014.
If PEPE manages to break through that, it could even surge to around $0.00002. The 50-day and 200-day moving averages are showing signs of a bullish crossover, which suggests positive momentum.
However, traders should keep an eye on the Relative Strength Index (RSI), which is nearing overbought levels above 70, as it could signal a short-term pullback soon.
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