Pepe (PEPE) has rallied 1.2% in the last 24 hours and 15.8% over the past week, according to CoinGecko statistics. Despite this recent upward movement, the frog-themed memecoin remains down 73% over the last year. The price rebound coincides with a broader cryptocurrency market reversal and gains in rival memecoins Dogecoin (DOGE) and Shiba Inu (SHIB). PEPE’s resurgence may also be linked to Solana (SOL) seeing healthy gains, as PEPE is a Solana-based memecoin. Bitcoin (BTC) has reclaimed the $63,000 price level, contributing to the market-wide uptick.
Pepe (PEPE) is experiencing a price rebound after months of struggle. The frog-themed memecoin has rallied by 1.2% in the last 24 hours and 15.8% in the last week, according to CoinGecko statistics.
While the rally has brought some relief to investors, the coin is still down by 73% over the last year. PEPE’s latest price upswing could be due to a general memecoin rush, with rivals Dogecoin (DOGE) and Shiba Inu (SHIB) also seeing a slight price reversal.
PEPE’s resurgence could also be due to Solana (SOL) seeing healthy gains in the last few days. PEPE, being a Solana-based memecoin, may have benefitted from SOL’s rally.
The cryptocurrency market has seen a slight reversal in the last few days. Bitcoin (BTC) has reclaimed the $63,000 price level and other assets seem to be following its trajectory.
While the market rebound is commendable, the cryptocurrency sector is far from recovered. Bitcoin (BTC) is struggling to break past its $63,000 resistance level, which could pose challenges for PEPE.
Inflation in the US also poses a threat to a cryptocurrency market rally. CPI (Consumer Price Index) figures came in at 4.2% in May 2026, which prompted the Federal Reserve to keep interest rates unchanged.
Many analysts anticipate the Federal Reserve to raise rates twice this year, which often leads to less risky investments. PEPE is a memecoin that carries some of the highest risks in the market, and a rate hike could lead to a big price correction.
Geopolitical tensions, especially the US-Iran conflict, are another factor that could thwart PEPE’s price rally.
