Frog Leap! PEPE Rally Ignites With 25% Single-Day Surge
The memecoin king has awoken! A stunning PEPE rally just shocked the market, exploding by 25% in a single day to reclaim the $0.0000052 level. This massive green candle marks a powerful rebound from six months of brutal declines, signaling that risk appetite may be flooding back into crypto. So, what’s fueling this sudden jump?
The primary catalyst is clear: a retail buying frenzy. Data reveals that traders on the Robinhood platform have aggressively accumulated PEPE, now holding over 8.3% of its entire circulating supply. This massive accumulation sparked a 400% surge in 24-hour trading volume, pushing it near $1 billion. The crowd is clearly betting on PEPE to become the next SHIB-style breakout star of this cycle.
Analysts Set Bold Targets Amid the PEPE Rally
The momentum has analysts turning wildly bullish. Following the pump, one prominent voice, James Wynn, set a staggering $69 billion market cap target for PEPE, comparing its potential to DOGE and SHIB’s historic runs. This optimistic call helped push PEPE’s market cap from $1.72B to over $2.4B almost instantly.
Furthermore, derivatives data confirms heavy speculation. Open Interest for PEPE contracts skyrocketed 82% to $446.5 million, showing traders are positioning for continued volatility. On-chain metrics support the bull case, with net inflows exceeding $3.25 million and whales accumulating hundreds of billions of tokens in single transactions.
My Thoughts
This move is a classic sign of a risk-on pivot. PEPE’s rally often leads the broader memecoin sector, suggesting capital is rotating back into high-beta altcoins. However, caution is warranted. Despite the bullish structure, reports of rising exchange inflows signal potential for a sharp pullback. This rally needs to hold above key support to confirm a true trend reversal and not just a fleeting pump. Watch for sustained volume to separate hype from reality.
