On September 13, PEPE coin outperformed other mainstream meme coins. In the past seven days, the price surged by about 24%, the trading volume surged to US$1.34 billion, and the market value also exceeded US$5 billion. What's driving this surge? We boil it down to three main reasons:
1. Big whale buys PEPE coins
One of the biggest drivers of this price increase is a large purchase from a whale. According to data from Lookonchain, a new wallet purchased 1.52 trillion PEPE tokens for nearly $16 million in a transaction that occurred on crypto exchange Kraken. The transaction became one of the largest single purchases in PEPE's history and sparked widespread market interest. Many small investors followed up after seeing the whale's actions, further driving the rise of PEPE coins.
2. The push for altcoin season
PEPE’s rise is also aided by the current “altcoin season.” This is a period when mainstream currencies such as Bitcoin are performing steadily in the crypto market, while some high-risk, high-return tokens such as PEPE are favored by investors. Recently, the CMC Altcoin Seasonal Index has risen sharply from 66% to 76% and remains around 70%. Money is flowing from Bitcoin to these high-potential coins. PEPE Coin, as a meme coin supported by a loyal community, utilizes a token burning system to further reduce supply and strengthen price support.
3. Technical breakthrough of PEPE currency
According to technical indicators, PEPE coin has broken through key resistance levels, indicating that the upward trend may continue. A sharp rise in momentum indicators and volume shows buyers have taken control. Social media buzz is also driving the rise. PEPE coin prices have surged by about 6% recently, trading at $0.00001187 on September 14.
Market Outlook: $0.00003 Target
Recently, the price of PEPE coin formed a double bottom structure in the $0.0000090 area and rebounded quickly, successfully breaking through the downward channel and changing the trend. PEPE is currently testing the resistance level of $0.0000130. If it can break through, the next target price will be $0.0000160. In the long term, $0.000022 will become the next key node, with the final breakthrough target pointing to $0.000030. As technical support increases, the possibility of breaking through this goal increases.
Compared to other top meme coins, PEPE shows stronger volatility and higher upside potential, which makes it stand out during capital flows. Although it may face a correction in the short term, its chart structure shows that PEPE is expected to break through $0.000030, further enhancing the upward momentum.
PEPENODE: Introduction of meme mining model
In addition to PEPE’s price surge, new crypto project PEPENODE ($PEPENODE) is also rapidly attracting early funding. The project combines meme culture with a decentralized mining model and launches a "earn while mining" virtual mining machine system, which allows users to participate in mining and accumulate profits without additional hardware. This design greatly lowers the threshold for participation, allowing more people to enter the field.
PEPENODE’s pre-sale phase has raised more than $1.1 million, with each token priced at $0.0010575 and an annualized return of 1,240%. The project also launched a multi-layered reward mechanism, including ranking competition and meme coin airdrops, which enhanced community interaction and diffusion. It is expected that in the future, PEPENODE will be listed on decentralized exchanges and launch on-chain versions and NFT mining machine upgrade modules to further deepen its ecology.
