PEPE surged 61% over the past week on strong buying pressure, according to the latest report, revising the previously reported 25% weekly gain. Daily trading volume increased 123% during the rally. The move followed PEPE’s more than 15% gain on August 20 to approximately $0.00000311, its highest price since May, and renewed speculation across the memecoin sector. Whale transfers exceeding $1 million reached their highest level since mid-March, while large holders withdrew more than 4.5 trillion PEPE from centralized exchanges as exchange reserves declined. Traders may view the reduced immediately available supply and larger whale wallets as possible accumulation, although whale activity can also precede sharp selling. Higher search activity, social-media engagement and trading volumes pointed to renewed retail interest amid a broader rotation into meme tokens and generally buoyant cryptocurrency-market conditions. Daily-chart technical indicators remain mixed: clustered moving averages and a neutral RSI appeared together for the first time in months, while the latest analysis identified a bearish swing structure. The signals suggest caution and do not confirm a sustained advance. Launched in April 2023, PEPE has no roadmap or utility and a supply of 420.69 trillion tokens. It has at times ranked among the top 20 cryptocurrencies by market capitalization and became prominent alongside Dogecoin and Shiba Inu after major exchange listings, particularly Binance. Its all-time high was $0.00002803 in December 2024, and the token remains roughly 89% below that peak. The latest rally was not tied to a protocol upgrade, partnership or new exchange listing. PEPE’s fundamental value remains unclear and its price is largely shaped by market psychology, leaving the sustainability of the advance uncertain. Whether whales return tokens to exchanges to sell may heavily influence the token’s near-term trajectory.