Bitcoin
Bitcoin (BTC)
$126,145.00 2.56215
Bitcoin price
Ethereum
Ethereum (ETH)
$4,716.73 4.5022
Ethereum price
BNB
BNB (BNB)
$1,221.09 5.3008
BNB price
Solana
Solana (SOL)
$236.90 3.62589
Solana price
XRP
XRP (XRP)
$3.05 2.47432
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 3.48689
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.36525
Pepe price
Bonk
Bonk (BONK)
$0.0000221 10.56473
Bonk price
dogwifhat
dogwifhat (WIF)
$0.810282 4.27398
dogwifhat price
Popcat
Popcat (POPCAT)
$0.249326 5.77755
Popcat price
Bitcoin
Bitcoin (BTC)
$126,145.00 2.56215
Bitcoin price
Ethereum
Ethereum (ETH)
$4,716.73 4.5022
Ethereum price
BNB
BNB (BNB)
$1,221.09 5.3008
BNB price
Solana
Solana (SOL)
$236.90 3.62589
Solana price
XRP
XRP (XRP)
$3.05 2.47432
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 3.48689
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.36525
Pepe price
Bonk
Bonk (BONK)
$0.0000221 10.56473
Bonk price
dogwifhat
dogwifhat (WIF)
$0.810282 4.27398
dogwifhat price
Popcat
Popcat (POPCAT)
$0.249326 5.77755
Popcat price
Bitcoin
Bitcoin (BTC)
$126,145.00 2.56215
Bitcoin price
Ethereum
Ethereum (ETH)
$4,716.73 4.5022
Ethereum price
BNB
BNB (BNB)
$1,221.09 5.3008
BNB price
Solana
Solana (SOL)
$236.90 3.62589
Solana price
XRP
XRP (XRP)
$3.05 2.47432
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 3.48689
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.36525
Pepe price
Bonk
Bonk (BONK)
$0.0000221 10.56473
Bonk price
dogwifhat
dogwifhat (WIF)
$0.810282 4.27398
dogwifhat price
Popcat
Popcat (POPCAT)
$0.249326 5.77755
Popcat price
Bitcoin
Bitcoin (BTC)
$126,145.00 2.56215
Bitcoin price
Ethereum
Ethereum (ETH)
$4,716.73 4.5022
Ethereum price
BNB
BNB (BNB)
$1,221.09 5.3008
BNB price
Solana
Solana (SOL)
$236.90 3.62589
Solana price
XRP
XRP (XRP)
$3.05 2.47432
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 3.48689
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 4.36525
Pepe price
Bonk
Bonk (BONK)
$0.0000221 10.56473
Bonk price
dogwifhat
dogwifhat (WIF)
$0.810282 4.27398
dogwifhat price
Popcat
Popcat (POPCAT)
$0.249326 5.77755
Popcat price

PEPE’s price explosion: what’s behind meme coin’s surge

Yana Khlebnikova
Edited by
Markets
PEPE’s price explosion: what’s behind meme coin’s surge

The Pepe token, PEPE, reached a two-week high of $0.000001345 as its social volume and whale activity witnessed a slight upward momentum. 

PEPE is up by 15% in the past 24 hours and is trading at $0.000001335 at the time of writing. The meme coin’s market cap currently stands at roughly $557 million, with a 24-hour trading volume of $167 million.

PEPE's price explosion: what's behind meme coin's surge - 1
PEPE price, whale activity, social volume, and active deposits – Nov. 9 | Source: Santiment

Despite the recent surge, Pepe’s price is still down by 69% from its all-time high of $0.000004354 on May 5. The asset recorded an 89% surge over the past 30 days as the broader crypto market entered a bull run. 

According to data provided by the market intelligence platform Santiment, Pepe’s social volume skyrocketed by 105% over the past day. Data shows that the social activity mainly comes from X (formerly Twitter), Telegram, and Reddit.

Moreover, the number of whale transactions consisting of at least $100,000 worth of PEPE rose by 50% in the past 24 hours — hiking from only eight transactions on Nov. 8 to 12 at the time of writing.

On the other hand, the number of active PEPE deposits to exchanges, per Santiment, has declined by 33.8% since Nov. 6. This could indicate that holders are still waiting for a further price hike before withdrawing funds.

According to the market intelligence platform, the PEPE price-daily active addresses (DAA) divergence currently stands at 5.8%. When the DAA divergence indicator rises, it suggests a “buy” signal, per Santiment.

On Nov. 8, Dogecoin (DOGE) millionaire Glauber Contessoto mentioned PEPE among the top 10 coins he’s interested in.