Pepe (PEPE), the frog-themed meme coin, has surged 24.2% in the past 24 hours to reach $0.00000472, marking one of the strongest single-day performances among major cryptocurrencies on Valentine’s Day 2026.
The rally pushed PEPE’s market capitalization to $1.98 billion, representing a $382.6 million increase and securing its position as the 41st largest cryptocurrency by market cap. Trading volume spiked to $636.7 million, indicating strong trader interest in the meme coin’s latest move.
Key Price Metrics
PEPE climbed from a 24-hour low of $0.00000377 to a high of $0.00000470, representing a 24.6% intraday range. The token has gained 22.7% over the past week, suggesting sustained bullish momentum after a period of consolidation.
However, the token remains down 20.1% over the past 30 days and sits 83.2% below its all-time high of $0.00002803, reached on December 9, 2024. The current price represents an 8,455% gain from its all-time low of $0.000000055142 set in April 2023.
Market Performance
The market cap change of nearly 24% matches the price performance, with the fully diluted valuation also reaching $1.98 billion. PEPE’s entire supply of 420.69 trillion tokens is currently in circulation, meaning there is no additional supply pressure from unlocks.
Short-term momentum indicators show strength, with PEPE gaining 2.98% in just the past hour, suggesting the rally may have further room to run if buying pressure continues.
Trading Implications
The $636.7 million in 24-hour volume represents approximately 32% of PEPE’s market cap, indicating highly active trading. This volume-to-market-cap ratio suggests strong liquidity for traders looking to enter or exit positions.
The breakout above the 24-hour range high of $0.00000470 could signal a test of higher resistance levels if the momentum sustains. However, traders should note the significant distance to the December 2024 all-time high, which stands as major overhead resistance.
The Valentine’s Day surge aligns with broader meme coin interest, though PEPE’s outperformance suggests token-specific catalysts may be at play. Volume and volatility are expected to remain elevated as traders react to the rapid price movement.
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About the Author: Ananya Melhotra
