PEPE (Pepe) up 9.36% in 24 hours, with a market capitalization of approximately $2.941 billion

Gate News Bot Message, January 05, According to CoinMarketCap data, at the time of press, PEPE (Pepe) is trading at $0.00000696, up 9.36% in the past 24 hours, with a current market cap of approximately $2.941 billion, an increase of $252 million from yesterday.

Pepe is a meme coin dedicated to creating highly playable meme tokens. As one of the most well-known meme images on the internet, Pepe aims to redefine the charm of meme coins. PEPE employs a zero-tax mechanism, LP token burn, and relinquishment of contract ownership to ensure decentralization. It is a permanent token born for the masses, driven entirely by pure meme power. The total supply is 420.69 trillion tokens.

Recent important news about PEPE:

1️⃣ Meme coin sector liquidity recovery, speculative funds accelerate into PEPE The broad rally of meme coins at the beginning of the year reflects a reallocation of speculative funds from major coins to high-risk assets. As one of the leading coins, PEPE has surged between 19.8% and 24.88% over several days, forming a linked effect with other sector coins like MYRO, DOGE, and SHIB. This trend indicates that, amid liquidity recovery, market enthusiasm for high-yield meme coins has significantly increased, with the sector’s overall market cap rising about 8.9% in 24 hours, providing emotional and capital resonance for PEPE’s strong performance.

2️⃣ On-chain whales continue building positions, leverage longs explore upward potential Trading activity on derivatives platforms like Hyperliquid shows large holders are actively taking long positions during PEPE’s rise. A whale using 3x leverage has realized over $2 million in unrealized gains. Renowned trader James Wynn recently expanded a $10,000 unrealized profit to $500,000 through continuous rollovers. Another trader, 0x419f, turned $58,700 into $489,900 within a week using 10x leverage, achieving a 734% return. These on-chain whale behaviors not only push prices higher but also reflect institutional and professional traders’ confidence in the bullish outlook. The whale’s position size reaches $12.85 million, making it the largest PEPE long on Hyperliquid.

3️⃣ Technical breakthrough confirmed, market sentiment remains positive PEPE has completed a structural reversal on the daily chart, successfully breaking through the key supply zone at $0.0000044–$0.0000049. This breakout provides a clear bullish signal for short-term and swing traders. Prior to this, spot CVD remained positive, indicating buying pressure had already entered ahead of the rise, suggesting this rally is supported by solid capital backing rather than mere sentiment. In terms of heat ranking, PEPE continues to rank among the top three in market attention, with community activity and market focus steadily increasing, providing ongoing market sentiment support for future price gains.

This message is not investment advice. Please be aware of market volatility risks.