BREAKING: Pepe (PEPE) Surges 20.5% to $0.00000406 in 24 Hours
Pepe (PEPE) has experienced a significant price surge, climbing 20.5% in the past 24 hours to reach $0.00000406, according to the latest market data updated March 16, 2026.
The meme cryptocurrency’s rally has pushed its market capitalization to $1.70 billion, representing a 20.2% increase of $286 million in market cap over the same period. PEPE currently ranks #51 by market capitalization.
Trading Activity Intensifies
Trading volume for PEPE has reached $607.89 million in the past 24 hours, indicating strong market participation during the price surge. The token hit a 24-hour high of $0.00000405 after climbing from a low of $0.00000333.
Short-term momentum remains strong, with PEPE posting a 3.2% gain in the past hour alone. The weekly performance shows an even more impressive 24.6% increase, while the 30-day chart reflects a 7.0% gain.
Market Position and Supply Metrics
PEPE maintains a fixed total supply of 420.69 trillion tokens, with the entire supply currently in circulation. The fully diluted valuation matches the current market cap at $1.70 billion, as no additional tokens remain to be released.
Despite today’s strong performance, PEPE remains 85.5% below its all-time high of $0.00002803, which was recorded on December 9, 2024. However, the token has gained over 7,257% from its all-time low of $0.000000055142, set on April 18, 2023.
What’s Driving the Move?
The latest price action comes amid renewed interest in meme cryptocurrencies. The substantial 24-hour trading volume suggests increased investor attention, though specific catalysts for today’s rally have not been officially confirmed.
PEPE has established itself as one of the leading meme tokens by market capitalization, competing in a sector that has historically shown high volatility and sentiment-driven price movements.
Market participants should note that meme cryptocurrencies typically experience heightened volatility and rapid price fluctuations. The current surge follows a pattern of strong weekly gains but remains within the volatile trading range characteristic of the meme coin sector.
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