Pepe (PEPE) is currently the best-performing cryptocurrency in the daily charts and the second-best performing cryptocurrency in the weekly charts among the top 100 projects. According to CoinGecko data, PEPE has rallied 27% in the last 24 hours, 27.8% in the last week, 34.7% in the 14-day charts, and 10.8% over the previous month. Despite the rally, PEPE is still down by 74.1% since January 2025. Let’s discuss why the memecoin is surging today and if the rally will sustain over the coming weeks.
What’s Behind PEPE’s Rally? Will It Continue Surging?
PEPE’s latest price upswing could be due to the larger crypto market showing some signs of a recovery. Most crypto assets are trading in the green zone today, and the resurgence may have boosted investor sentiment.
PEPE’s latest price rally could due to a new post by James Wynn, an early PEPE investor who made more than $65 million with the memecoin. According to Wynn, PEPE’s market cap could rise to over $69 billion in 2026. Wynn claims that he will delete his account if PEPE does not reach this mark. Given Wynn’s incredible history with PEPE, investors are likely following his prediction. If PEPE’s market cap hits $69 billion, it will become the 6th largest crypto project, by current figures.
Also Read: Are Memecoins Fading or Flying in 2026? PEPE, TRUMP, DOGE
However, it is unclear whether PEPE will actually hit the $69 billion market cap. The crypto market is still quite fragile and far from fully recovered. Macroeconomic uncertainties continue to bar investors from making risky moves. Many experts anticipate Bitcoin (BTC) to climb to a new all-time high in 2026. BTC hitting a new peak could trigger a market-wide bull run. Such a scenario could aid PEPE climb to the $69 billion market cap level. Which way the market flows is yet to be seen.
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