Overview
- PEPE jumped roughly 20%–35% on Jan. 2, reaching intraday levels near $0.0000056 according to multiple market trackers.
- The token’s market value climbed from about $1.7 billion to roughly $2.1–$2.3 billion within 24 hours as buying accelerated.
- Reported 24-hour trading volume ranged from over $600 million to more than $1.4 billion, marking the strongest activity in a month.
- CoinGlass data showed more than $10 million in liquidations, mostly short positions, which added to the upside pressure.
- Other meme coins advanced, including Floki, Bonk and SPX6900, while analysts noted a technical breakout for PEPE and flagged tax-timing flows and broader market strength as key to sustainability.