PEPE (PEPE) Price Prediction: Can the Meme Coin Maintain Its Upward Momentum?

Pepe (PEPE), a well-known memecoin in the crypto landscape, has experienced a significant price surge of 85% in the past 24 hours, hitting $0.00002243.

Pepe (PEPE), a well-known memecoin in the crypto landscape, has experienced a significant price surge of 85% in the past 24 hours, hitting $0.00002243.

With this recent rise, the token’s market cap has soared to $9.39 billion, making waves among traders and analysts alike.

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Alongside this price increase, PEPE’s trading volume saw a monumental spike, with $20.3 billion exchanged over the last 24 hours—a 215% jump.

This recent rally showcases PEPE’s appeal within the meme coin sector, particularly as major exchange Coinbase has announced its listing, further fuelling investor interest.

Whale activities drive PEPE's 85% price increase

Behind PEPE’s rapid price appreciation lies a significant wave of whale activity.

According to data from Spot On Chain, a high-value investor, often called a “whale,” recently deposited 52.62 billion PEPE, valued at $10.03 million, into Binance.

This transaction marked an impressive $5.04 million profit—a 97% gain—in just over a week.

This smart whale deposited all 526.2B $PEPE ($10.03M) to #Binance 9 hours ago, locking in a $5.04M profit (+97%) after just 8 days! $PEPE surged ~61% (24H) after #Coinbase’s listing announcement. However, the whale may have exited a bit early—at the current price, its profit…

Market excitement heightened following Coinbase’s announcement of PEPE’s listing, propelling its price up by approximately 61% within a single day.

Interestingly, had the whale held their PEPE investment slightly longer, profits could have reached around $6.68 million.

This pattern of high-volume trades, or “whale” transactions, highlights the robust market response to PEPE, especially as these large holders capitalize on liquidity events spurred by exchange listings.

Coinbase listing announcement boosts PEPE's trading volume and market interest

Coinbase’s support for PEPE on the Ethereum network as an ERC-20 token has sparked renewed attention.

Trading commenced on November 13, with the platform launching the PEPE-USD trading pair. The trading rollout began at 11:30 AM ET, with liquidity requirements influencing its pace.

Coinbase has cautioned users to only send PEPE transactions through the Ethereum network to avoid potential losses, underscoring the exchange’s commitment to secure trading.

This listing news spurred an immediate price rally, with PEPE's value jumping over 49% soon after the announcement, indicating heightened market interest in its availability on a top-tier platform.

On-chain data from IntoTheBlock reveals that large PEPE transactions soared last week, with high-value transactions increasing from 100 to over 1,020.

This substantial rise reflects strong investor confidence in the coin’s potential, with whale inflows spiking by 104% in the past week and 195% over the past month.

Analysts' insights and technical indicators suggest further potential

Technical analysis and chart patterns have fuelled speculation of additional price movement for PEPE.

Analyst Max has highlighted possible bullish trends within the PEPE/BTC pair, likening the recent pattern to one observed in early 2024.

$PEPE genuinely feels like it’s seconds away from entering its next mark up phase. The real signal right now is in the PEPE/BTC pair. It is showing VERY similar signs to what it did in Q1 of this year. Multi-month consolidation & bleed with a final bear trap… then Valhalla.…

Technical indicators signal potential shifts: the Relative Strength Index (RSI) for PEPE sits above 70, indicating an overbought state.

This could either propel further buying due to “fear of missing out” (FOMO) or lead to a pullback as traders secure gains.

TradingView data indicates that PEPE currently trades above both its 10-day EMA of $0.0000112 and its 30-day EMA of $0.0000101.

The token has enjoyed a robust 60% weekly gain, with prices fluctuating between $0.00000819 and $0.000013, further solidifying its upward momentum.

Can PEPE sustain its rally?

While PEPE’s recent surge has