PEPE jumps 14%, BONK sprints ahead, and DOGE watches from the doghouse 🐸

$PEPE climbed 14.06% over the past 24 hours, trading at $0.00002808 with a market capitalization of $1.16 billion, also up 14.06% on the day. Trading activity strengthened as the token recorded $274.5 million in volume, a 49.6% increase over the same period. The token maintained its position among the leading memecoins as buyers returned after a rebound from recent lows.

Spot market activity outpaced derivatives participation during the latest rally. $PEPE spot trading volume climbed 80.46% to $62.41 million, while futures volume rose 69.27% to $622.40 million over the same period, indicating that fresh buying demand entered the spot market at a faster pace than leveraged speculation. Open Interest increased 21.60% to $178.35 million, showing traders continued opening new futures positions as prices advanced, though the slower growth in futures activity compared with spot volume reduced concerns that excessive leverage alone had driven the recovery.

Across the memecoin sector, $BONK attracted the strongest participation, with spot volume surging 131.53% and futures volume jumping 136.49%, exceeding $PEPE's respective gains of 80.46% and 69.27%. $PEPE outperformed $DOGE, whose spot volume rose 19.57% and futures volume climbed 17.04%. As a result, $PEPE occupied a middle ground within the sector, capturing stronger speculative interest than the largest memecoin while trailing $BONK's growth.

At press time, $PEPE recovered after bouncing from the $0.0000231 support zone and approached the $0.0000300 resistance level, with buyers steadily reclaiming lost ground rather than producing a single explosive move. The Relative Strength Index stood at 55.96, moving above the neutral threshold after recovering from oversold territory earlier in the decline. Price also remained below the next major resistance around $0.0000400.