# PEPE jumps 4% to $0.0000074, outpaces Dogecoin and Shiba Inu

**Published:** 2026-07-04T03:08:06.647Z  
**Topic:** Pepe  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3bc16ad9-c887-45df-8de4-83fd5b2f6fa3

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% |

## Spot rally vs. derivatives pullback  
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】.

## On‑chain conviction and comparative performance  
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】.

## What to watch
- **Price resistance:** $0.00000898 may act as near‑term resistance; a break below $0.00000780 could threaten the uptrend【2】.  
- **Open interest:** Continued decline in OI alongside price gains could signal weakening momentum; a rebound in OI would suggest renewed speculative interest.  
- **Long‑bet ratio:** If the share of long positions falls below 50%, it may indicate a shift in trader sentiment.

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.

## Sources
1. Benzinga — [PEPE Outgains Dogecoin, Shiba Inu With 4% Rally But Mixed...](https://www.benzinga.com/25/03/44577286/pepe-outgains-dogecoin-shiba-inu-with-4-rally-but-contradicting-signals-emerge-regarding-next-moves)
2. Mitrade — [Pepe (PEPE) to Outgain Dogecoin (DOGE) in the Next Market Climb...](https://www.mitrade.com/insights/news/live-news/article-3-798381-20250503)
3. Biztoc — [PEPE Outgains Dogecoin, Shiba Inu With 4% Rally But Mixed...](https://biztoc.com/x/24b03e2beaaccea8)

---
Cite as: TrendWatcher, "PEPE jumps 4% to $0.0000074, outpaces Dogecoin and Shiba Inu", https://www.trendwatcher.in/article/3bc16ad9-c887-45df-8de4-83fd5b2f6fa3