PEPE coin is trending today in the memecoin market With a stunning 30% price surge in just 24 hours. PEPE has overtaken Dogecoin in daily trading volume, becoming the most traded memecoin and the sixth most traded cryptocurrency globally (excluding stablecoins).
The pepe coin price surge is fueled by a combination of whale accumulation, technical breakouts, and increasing open interest in the derivatives market.
According to lookonchain Data, over the past week, a prominent crypto whale has been actively buying PEPE on the open market. On April 30, this whale—who holds $147 million in crypto assets—withdrew 1.5 trillion PEPE from Binance, and earlier today, they added another 500 billion PEPE tokens, bringing their total holdings to 2 trillion tokens. This accumulation, totaling roughly $4.36 million, signals strong long-term confidence in PEPE.
According to data from CoinGlass, trader interest in PEPE is rising fast. The amount of money locked into PEPE futures — known as open interest — has gone up by 6.6%, reaching more than $434 million. That means more traders are betting on PEPE’s next move.
In the past 24 hours alone, around $1.57 million worth of trades were liquidated, and $1.45 million of that came from people betting against PEPE. In simple terms, a lot of traders who expected the price to fall got caught off guard — a classic sign of a short squeeze.
According to analyst, PEPE recently broke out of a Descending Broadening Wedge pattern—a bullish signal—confirming a shift in momentum with a strong daily close. This could lead to a 120% to 140% midterm rally. If the market remian bullish and PEPE Price maintain the uptrend we can see 1,200%+ gain, with a price target of $0.000080 (a 10x from current levels) within the next bullish cycle.
According to our Pepecoin price forecast, the altcoin’s price could surge to a maximum of $0.0000199125 this year.
While PEPE has seen rapid growth, reaching $1 would require a massive increase in market cap, making it highly unlikely in the short term.
Analysts predict PEPE could experience a 120% to 140% mid-term rally, with some forecasting a 1,200% gain in a bullish cycle.
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