PEPE token gained nearly 10% in one week amid high trade activity

PEPE climbed almost 10% over the past week, outperforming Bitcoin and many major altcoins during the same period. The rally was fueled by heightened trading volume and several large buys, drawing short-term traders into the action—though whether the momentum continues remains uncertain. The move highlights how sentiment and speculation can drive prices in lower-cap assets.

Weekly performance and technical levels

PEPE rose around 10% across seven days, finding support near $0.00001017 and meeting resistance around $0.00001082. A single large purchase worth approximately $3 million near the $0.00001069 level helped concentrate demand and amplify the move—a common trait in tokens with smaller market caps that react strongly to focused trading flow.

Drivers of the rally

Increased trading volume, noticeable whale activity, and talk of quick price jumps attracted momentum traders looking to capitalize on short-term moves. In memecoins like PEPE, technical signals combined with positive sentiment can create feedback loops that push prices higher—especially when the broader market is in a risk-on mood.

External factors, competition and volatility

Broader trends—such as expectations of lower interest rates and capital flowing into speculative assets—influenced PEPE’s movement. Competition with other memecoins like Dogecoin and Shiba Inu also plays a role in where traders place their bets. Its low market cap makes PEPE particularly sensitive to large buys or sells, leading to sharp price swings.