After one of the most surprising comebacks in the cryptocurrency market this year, Pepe Coin (PEPE) has once again attracted investors’ attention, heading into June 2025 – asking the question: Can Meme Coin maintain its momentum, or another correction?
Latest updates to PEPE
In May 2025, a tweet from Elon Musk, which contained an image of “Frog on a Rocket”, sparked speculation from the entire cryptocurrency community, widely interpreted as a subtle nod to Pepe Coin. The #PepeCoin hashtag started trending on social media almost immediately, while transactions surged by about 70% in just 12 hours.
The price of PEPE reacted quickly, jumping from $0.00000185 to $0.00000241 (+30%) the next day, and climbing to $0.00000255 (+38%) shortly afterwards. In the second half of May 2025, this sharp rebound drove the Pepe coins to the focus of the Meme Coin Market.
Source: Coingecko
Once considered a fading token after an explosive rise in 2023, Pepe unexpectedly became one of the best performers, earning more than 130% per month.
At its peak, daily trading volume exceeded $1.5 billion, indicating an influx of speculative capital and momentum driven traders.
Pepe Coin’s dramatic comeback not only highlights the enduring power of internet culture and social media virality in the cryptocurrency space, but also emphasizes investors’ willingness to chase trends when the signal comes from high-profile figures such as Elon Musk.
Pepe has undeniably speculated, but again Pepe proves that meme coins can still shake the market and attract global attention as the right media pushes at the right time.
Read more: Trading with free encrypted signals in the Evening Trader Channel
PEPE chain index
On May 27, 2025, a major transaction involving a 2 million dollar token (worth approximately $27.9 million) was transferred from Bybit Exchange to an unidentified wallet. This transfer coincides with a period of rising prices, prompting speculation that whales are actively accumulating tokens.
Lookonchain’s chain data shows that in the next 24 hours, a total of about 117.5 trillion Pepe tokens were moved across various addresses, further strengthening the concept that large wallets entered the energy storage stage.
In addition to this trend, a well-known whale wallet was recorded, which purchased 500 billion PEPE (approximately $4.36 million) in early May. Now, the wallet has a total of 2 million Pepes (about $17.4 million), indicating the ongoing interest often referred to as a “smart currency.”
Source: Arkham
Meanwhile, the number of wallets held by Pepe has soared by 438,000 unique addresses, most classified as medium to long-term holders. This trend highlights the growing community’s beliefs and emphasizes investors’ confidence in the future of the token.
These large-scale chain movements and clear accumulation patterns of major wallets enhance expectations for potential new bullish cycles of PEPE. The silent accumulation of informed capital, coupled with strong social momentum and rapidly expanding holder base, shows that Pepe is more than just a short-lived speculative game.
In addition to accumulating narratives, prominent on-chain trader James Wyn has found a large long position on Pepe through the hyperliquid platform. His wallet currently has a long-term durability of more than $20 million in PEPE, using 10 times leverage, and its entry price is about 0.00001409, totaling about 13.89 billion kpepe tokens.
Meanwhile, he also maintained a $75 million BTC long-term with 40x leverage, indicating a strong belief in amid the upcoming bullish wave of meme coins and major crypto assets.
Broader market trends and macro environment
While Pepe Coin’s price and attention surge, the broader meme coin sector is showing signs of stagnation. Leading tokens such as Dogecoin (Doge) and Shiba Inu (Shib) have released only trivial gains and demonstrated a lateral trading approach.
Dogecoin, especially, is still closed below the key downward line. Meanwhile, its presence on social media has dropped sharply, mentioning that it has dropped from about 1,480 to just 170.
Similarly, Shib is working to break through short-term resistance levels, with online buzz falling – with only 25 mentions, compared to just 233 for January. The overall cooling of investors’ enthusiasm for Meme coins is in stark contrast to the boom at the end of 2024. In this context, Pepe Coin stands out uniquely in trying to capture speculative capital.
On the macro-economic side, Bitcoin recently broke its all-time high, with Bitcoin soaring to nearly $112,000 by the end of May, injecting fresh optimism into the wider cryptocurrency market.
In addition, recent U.S. economic data have enhanced the prospects for currency release. The Consumer Price Index (CPI) in April 2025 rose only 0.2% per month, up 2.3% year-on-year, both of which were lower than expected. This has increased speculation in the market that the Fed may transfer interest rates lower in the near future.
Source: CME Group
These conditions together – meme coin fatigue, Pepe’s relative performance and favorable macro background, lay the foundation for Pepe, making it possible for Pepe to lead the next phase of retail-driven momentum within the crypto space.
Technical Analysis
Currently, Pepe Coin faces obvious resistance at the level of 0.00001604, while buyers continue to defend their support at a price of $0.00001214. This range is a key short-term battlefield for price action.
Should be weekly candles (W1) closure Decisively exceeding $0.00001604, it will confirm the breakout and indicate a continuation of the current bullish trend. In this case, based on the Fibonacci expansion zone and the previous market structure, the next resistance level to be viewed is $0.00001702, $0.0000204, possibly up to $0.0000216.
Conversely, if the daily candle (D1) closure With support from $0.00001214, it can make deeper corrections to the $0.00000956 area. This lower support zone shows strong technical strength and may trigger a rebound that may drive the price to retest the resistance level of $0.00001604.
However, in a more bearish situation, if it is an 8-hour candle (H8) closure Below $0.00000956, it may invalidate the bullish structure, and the probability of the uptrend failing completely is high (up to 80%). In this case, Pepe can revisit its previous cycle lows and face the risk of further downward acceleration.
This technical setup highlights the importance of monitoring the critical candles to be closed over multiple time frames. For long-term holders, confirmation above weekly resistance will prove that potential legs are higher, while breakdowns below key support will require caution and potential reassessment of bullish expectations.
PEPE price forecast
If market sentiment remains bullish and buyers continue to defend the major support zones, Pepe may explode again. The instant resistance is approximately $0.000014–$0.000015. Successful violation of this level may pave the way toward the next target area $0.000018– $0.000020this is Pepe’s high since 2025.
In this optimistic scenario, the short-term price projection for the upcoming month could reach $0.000015–$0.0000016, which is the 20–25% upside room for the current price level around $0.000013.
Read more: Dogecoin price forecast for June 2025
