PEPE has seen a moderate price increase of +3.17% over the last hour and +4.95% over 24 hours, with a 24-hour trading volume around $180.72M.
This move aligns with a broader risk-on bounce in the altcoin market, rather than a PEPE-specific event.
The total crypto market cap has risen from about $2.15T to $2.20T (around +2.21%), and the altcoin market cap is up about +2.31% over a similar window.
Recent news and social media mentions of PEPE do not indicate any specific catalyst for the recent price move, suggesting that this 3 percent move in an hour is normal intraday volatility for a large memecoin during a generally positive day for altcoins.