The frog-themed meme coin Pepe Coin (PEPE) is experiencing a significant rally, with its price soaring by 16% today to trade near $0.00001225. This surge is being driven by major whale activity, which includes a single wallet purchasing 1.52 trillion PEPE tokens valued at nearly $16 million.
The influx of large purchases and a total of 11.75 trillion tokens being moved by whales in the past 24 hours has led to a 45% jump in on-chain activity. Such large-scale accumulation often signals confidence and can reduce the available supply, putting upward pressure on the price.
PEPE's performance is outshining other popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which saw more modest gains. The coin's daily trading volume has also exploded by approximately 189%, reaching around $1.62 billion.
This rally is part of a broader "altcoin season," where investor appetite for higher-risk tokens is growing. With the Altcoin Season Index recently jumping from 66% to 82%, PEPE is a prime beneficiary of this trend.
Looking ahead, PEPE has already broken a key resistance level and is now aiming for the $0.000013 to $0.000014 zone. If it can break through, the price could potentially climb to $0.00002. However, traders should be cautious as the Relative Strength Index (RSI) is nearing overbought levels, which could indicate a short-term pullback.
September 2025, Cryptoniteuae