Trump’s Social Media Sparks PEPE Coin Surge, Trading Volume Soars Amid Memecoin Volatility
PEPE coin experienced a significant price surge after a Truth Social post by former U.S. President Donald Trump subtly referenced a frog, drawing substantial attention from the crypto and social media communities. The memecoin’s price swiftly jumped from $0.00001440 to $0.00001490, then slightly retreated, reflecting its sensitivity to viral and political events. PEPE’s market capitalization peaked at $6.3 billion, and daily trading volume rose by 55% to $1.69 billion. Open futures positions climbed from $650 million to $735 million, while short-term holders became profitable, fueling a bullish market sentiment. Technical analysis identified strong resistance at $0.000015; a breakout may lead to a rally toward $0.000020, while failure to break resistance could result in a drop back to $0.000010. The incident highlights the significant influence of social media and high-profile figures on memecoin volatility. Crypto traders are advised to closely monitor both technical levels and external news events, as PEPE and similar tokens remain highly volatile and responsive to cultural or political triggers. The event also intensified speculation about an upcoming memecoin sector revival.
Bullish
Trump’s viral social media post featuring a frog symbol quickly fueled heightened interest in PEPE, demonstrated by a sharp price surge, a 55% spike in trading volume, and increased open interest. The reaction underscores the memecoin’s extreme sensitivity to cultural and political developments, amplifying bullish sentiment among traders and short-term holders. Technical indicators reveal a critical resistance level at $0.000015; a confirmed breakout could propel PEPE further, while failure may cause a temporary retracement. The event also turbocharged broader memecoin sector speculation. However, traders should remain cautious, as such price movements are largely news-driven and highly volatile.