PEPE jumped 12% over the past 24 hours, aided by rising whale activity and a broader altcoin rotation. The meme coin breached its recent trading range and drew notable volume, with support levels holding steady and reinforcing trader confidence.
The relative strength index (RSI) remained balanced, suggesting the move is a healthy rally rather than a one-off spike. Whale trades exceeding $100,000 have increased, with some transfers topping $1 million, signaling ongoing interest from large holders.
As altcoins continue to outperform Bitcoin, PEPE stands to benefit from the momentum. Traders are pursuing higher returns in the current market environment, pointing to growing confidence in the meme coin’s uptrend.
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