PEPE meme coin surges 14% as meme-token rally gains momentum

The PEPE meme coin jumped 14.06% in the past 24 hours, trading at $0.00002808 and pushing its market capitalization to about $1.16 billion. Spot trading volume rose 80.46% to $62.41 million while futures volume increased 69.27% to $622.40 million, indicating fresh buyer interest in the token's spot market.

The rally extended to other meme tokens. Hamster Kombat (HMSTR) surged 82.35% to $0.000361 and BONK climbed to $0.00000494, with both coins showing strong technical momentum. The overall meme‑coin market cap reached $28 billion, up 2.4% in a day, while the broader cryptocurrency market rose 0.83% as Bitcoin broke $62,000, boosting risk appetite among traders.

Analysts noted that the stronger spot‑market activity for PEPE and the concurrent gains in Hamster Kombat and BONK suggest a rotation into higher‑risk tokens, though continued price moves will depend on support levels and overall market sentiment.