PEPE memecoin reached its highest price since May on August 20, surging more than 15% to approximately $0.00000311. Trading volumes ranged between $400 million and $525 million, pushing the market capitalization to $1.3 billion to $1.55 billion. In the weeks leading up to the spike, whales withdrew over 4.5 trillion PEPE tokens from centralized exchanges, reducing available supply for selling. Despite this rally, PEPE remains approximately 89% below its all-time high of $0.00002803 set in December 2024. No fundamental catalyst such as a partnership or protocol upgrade triggered the move, which fits into a broader rotation into meme tokens.
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