Pepe Dominates Weekly Charts With 57% Surge: Bullish Frenzy or Bubble Warning?
The meme coin madness isn't slowing down—Pepe just posted a blistering 57% weekly gain, leaving other altcoins in the dust. But when a frog-themed cryptocurrency starts outperforming serious DeFi projects, even degens should raise an eyebrow.
Market psychology at work: Retail traders pile into the green candles while institutions quietly rotate into Bitcoin ETFs. Remember kids—what goes up usually comes down faster when liquidity dries up.
Technical indicators scream overbought, yet the FOMO persists. Will this rally have legs, or is it another case of 'number go up' theater before the inevitable correction? Either way, the charts don't lie—Pepe's the headline act this week.
Source: CoinGecko
Will Pepe’s Price Rally, Or Will It Fall Further?
The crypto market experienced a surge as we entered the new year. Crypto-based ETFs saw big inflows, and Bitcoin (BTC) briefly reclaimed the $94,000 price level. However, the market rally did not sustain, facing steep corrections today, Jan. 8, 2026. PEPE also seems to be following the market-wide correction trend.
PEPE’s recent price rally came after early investor James Wynn predicted the memecoin’s market cap to hit the $69 billion mark in 2026. Wynn became a popular figure in the PEPE community after making accurate predictions around the memecoin. Investors may have taken his recent prediction seriously, and poured substantial funds into the project.
Back on Day 1 of $PEPE when it was at $600k market cap I called it to go to multiple billions. Ultimate conviction and belief – and it paid off massively.
Now, I’m calling $PEPE to go from $1.7bn to $69bn+ in 2026 or I delete my account.
That’s a 40x, WITH SIZE.… https://t.co/8SaNNJmQs3
However, investors should take caution when investing in memecoins, given the current market environment. PEPE has already experienced a 4.3% correction in the last 24 hours. Bitcoin’s (BTC) price has also dipped to the $90,000 price level. We could see further price corrections over the coming weeks.
The crypto market is still quite fragile, and volatility runs rampant. Investors continue to take a risk-off approach. PEPE and other memecoins could face further struggles over the coming weeks, given their high-risk status.
There is chance that the crypto market will rebound after possible US legislation later this month. Investors could feel positively about cryptocurrencies if US lawmakers MOVE towards clearer regulations. PEPE and the larger market could rally under such circumstances.
