PEPE jumps 20% in week as Ethereum boom and high demand collide

As the renewed wave of optimism in the cryptocurrency market continues to push the price of digital assets upwards, Ethereum-based meme coin Pepe (PEPE) has soared as much as 20% and is looking at further gains thanks to a few positive developments coming together.

Specifically, PEPE is currently changing hands at the price of $0.00001243, which indicates an increase of 11.47% in the last 24 hours, and a 20.98% gain across the previous seven days, according to the most recent chart data retrieved from CoinMarketCap on August 13.

As it happens, the meme coin is probably catching some of the beneficial impact pouring over from Ethereum (ETH) and other meme coins based on its network, with the second-largest crypto asset by market capitalization steadily climbing toward a new all-time high (ATH).

On its part, Ethereum is having the time of its life with ETH exchange-traded funds (ETFs) witnessing a record-breaking week of $1 billion in net inflows, most notably in BlackRock’s ETHA, and some analysts predicting the world’s biggest altcoin to hit $7,000 by year-end.

Can PEPE coin reach $1?

Meanwhile, professional crypto trader Castillo Trading has shared his PEPE price prediction that sees the meme coin breaking out of the symmetrical triangle pattern that was forming since the start of 2025, and moving further up, towards $0.000018 as the year-end approaches.

Notably, as the popular crypto expert pointed out, Ethereum-based memes looked poised to “start to really catch a bid soon,” and he added that there were “some sleeping giants out there and it’s probably time to pay attention to PEPE again.” 

At the same time, PEPE wallet addresses have increased by 25% since the year’s turn, suggesting strong and stable retail interest through all of its ups and downs – including the March and April lows – their number currently standing at 474,000.

But before you start googling ‘how to buy PEPE coin,’ it’s important to remember that there are always risks in this industry. For instance, on-chain data has revealed that the top 10 PEPE wallets control 37.5% of the token’s supply, raising concerns about price manipulation and sell-offs.

All things considered, PEPE could continue to profit from all the favorable developments in the crypto industry, and possibly even surpass its ATH price of $0.00002479 which it had hit on December 14, 2024.