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PEPE meme coin rose 4.45% to $0.000007374 with 37% higher volume, while Dogecoin and Shiba Inu lagged behind. See the on‑chain signals and price levels to
PEPE (CRYPTO: PEPE) surged 4.45% in the last 24 hours to $0.000007374, outpacing Dogecoin’s 1.16% gain and Shiba Inu’s 1.42% rise, while its trading volume jumped 37% to $650.96 million, making it the second‑most traded meme coin of the day【1】.
| At a glance | |
|---|---|
| Price | $0.000007374 |
| 24h % Move | +4.45% |
| Volume | $650.96 million (↑ 37%) |
| Catalyst | Spot rally with falling open interest, long‑bet share at 52% |
The price rise coincided with a near‑3% drop in open interest (OI) on PEPE’s derivatives market, suggesting short sellers may be covering positions rather than new buying driving the rally【1】. Although OI had peaked at a two‑month high last week, it has since retreated over 25%, a pattern traders often read as bearish despite the spot gain. Meanwhile, the proportion of traders holding long positions rose to 52% in the same period, indicating a modest shift toward bullish sentiment【1】.
Long‑term holders added a modest 0.03% to their PEPE balances, a sign that “diamond hands” are reinforcing their positions amid the rally【1】. By contrast, Dogecoin and Shiba Inu posted much smaller price gains (1.16% and 1.42% respectively) and did not see comparable volume spikes, underscoring PEPE’s relative strength in the meme‑coin segment. Year‑to‑date, however, PEPE remains down 63%, highlighting the volatility that characterises these low‑cap tokens【1】.
PEPE’s sharp rally, buoyed by short‑covering and a modest increase in long‑term holder balances, shows that meme‑coin dynamics can shift quickly. Whether the price can sustain its gains without fresh buying pressure remains an open question, hinging on future OI movements and key resistance levels.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 4, 2026 · How we report
He is 41 years, three months and 29 days old and became the oldest player to appear at a European Championship.
PEPE rose about 4.45% in the last 24 hours, reaching $0.000007374, with a 37% increase in trading volume.
Analysts interpret it as a possible bearish sign, indicating short sellers may be covering positions rather than new buying pressure.
It is a speculative market for unique Pepe the Frog images that started around 2015 on 4chan, originally using a fictitious currency called Good Boy Points.
Long‑term PEPE holders increased their balance by 0.03% in the last 24 hours, showing continued conviction.