PEPE, the meme coin, has experienced a 2.7% rally in the past 24 hours, reaching a price of $0.00001038. However, despite the short-term surge, the token has seen a 0.9% decline over the week. On-chain data shows a significant increase in PEPE's trading volume, indicating growing interest among investors. However, the token's price growth has been relatively stagnant. PEPE whales have not yet bought the token, further suggesting a potential price drawdown. The coin is currently 39% below its all-time high, presenting the possibility of either continuing to soar or falling below market expectations. The PEPE community remains optimistic about the token's future beyond October.



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