Meme coins surge as PEPE leads the rally
PEPE has gained nearly 15% in a week, with trading volumes rising sharply.
Meme coins have recorded a 3.2% increase in the past 24 hours, with PEPE leading the rally. The sector’s total market cap now stands at $53.8 billion, marking a 12.2% rise over the past week.
Rebound like this one follows a period of weak sentiment in early May, as reflected in the Fear and Greed Index.
PEPE has gained 14.9% in the past seven days, currently trading at $0.000007922. Meanwhile, Dogecoin (DOGE) has delivered a 4.9% return in the last 24 hours.
PEPE’s daily trading volume has surged by 30% to $630 million. Open interest in its futures contracts has reached its highest level in nearly a month.
The meme coin appears poised to retest the $0.00000900 level after breaking out of a descending price channel. Technical indicators support a bullish outlook.
The RSI is maintaining a strong position, while the MACD histogram shows increasing momentum. With the Federal Reserve meeting now behind, market conditions appear favourable for further gains.
In parallel, MIND of Pepe (MIND), an AI-driven meme coin project, has raised $7.6 million in its presale. The token aims to leverage artificial intelligence and social media influence to enhance user engagement. Investors can acquire $MIND at a discounted rate before the next price increase in 36 hours.
For more information on these topics, visit diplomacy.edu.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
