Pepe Coin (PEPE) Price Rallies 64% This Week as Trading Volume Surges

TLDR

• Pepe Coin (PEPE) price jumped 85% from its December low and is trading near $0.000007 with weekly gains exceeding 64%
• Trading volume reached $1.39 billion in 24 hours while futures open interest climbed to over $470 million, the highest since October 11
• Short liquidations totaled over $10.4 million on January 2nd, the largest amount in over a year
• Whale activity increased with traders like James Wynn adding to positions and predicting PEPE could reach $69 billion market cap by end of 2026
• The Fear and Greed Index moved from fear zone to neutral at 40, suggesting possible shift toward greed zone

Pepe Coin price continued climbing on Sunday, reaching its highest level since October 28. The meme token traded close to $0.000007 as of January 4, 2026.

PEPE has jumped 85% from its December low. The recovery pushed its market capitalization above $2.9 billion, placing it near position 34 globally.

The token gained over 14% in the past 24 hours. Weekly gains reached 64.73% according to CoinMarketCap data. This made PEPE one of the top performing meme tokens of the week.

The rally came as investors returned to meme coins across the market. Tokens like Bonk, Floki, Pippin, Pudgy Penguins and Shiba Inu all increased by more than 10% over the last 24 hours. The total meme coin market capitalization rose to $52 billion.

Trading Activity Reaches Multi-Month Highs

Trading volume for Pepe Coin surged to over $1.39 billion in the last 24 hours. The broader meme coin sector saw 24-hour volume surpass $7.7 billion.

Futures open interest jumped to over $470 million, its highest level since October 11. This represents a sharp increase from the $169 million low recorded on December 9. Rising open interest indicates increased leverage in the market.

Short liquidations played a role in the price movement. Data shows shorts worth over $10.4 million were liquidated on January 2nd. This marked the biggest liquidation event in over a year. Short liquidations continued with over $5 million liquidated in the following two days.

Whale investors appeared to boost their holdings during the rally. James Wynn, a well-known trader, was among those adding to positions. Wynn posted a prediction on Hyperliquid forecasting PEPE could reach a $69 billion market capitalization by the end of 2026.

Market Sentiment Shifts Toward Neutral

The Fear and Greed Index moved out of the fear zone and reached the neutral point at 40. This shift in market sentiment could lead to further movement into the greed zone in coming sessions.

The token has climbed above the key resistance level at $0.00000648. This level previously served as the lowest swing point in April and August 2024, as well as March of last year.

Blockchain trackers reported high whale activity in recent trading sessions. This activity contributed to the increased liquidity and accelerated price movements seen across exchanges.

The token reached an all-time high of $0.000028 on December 8, 2024 before prices declined. The current rally represents a recovery from the $0.00000377 bottom hit in December.

Social media engagement indicators for PEPE increased during the price surge. Trading activity was visible on both centralized and decentralized exchanges as retail traders re-entered positions.

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