PEPE Surges 55% in 7 Days: Is the Meme King of 2026 Crowned?

The meme coin market cap has climbed to over $51.6 billion in early January, but the story is all about PEPE. Outperforming both $SHIB and $DOGE , PEPE has capitalized on a "January Effect" driven by strategic sector rotation.

Key On-Chain Metrics:

Volume Spike: 24-hour trading volume reached $1.68 billion, a 497% increase, confirming that the move is supported by high liquidity rather than thin-market volatility.

Derivatives Heat: Open interest (OI) in $PEPE futures climbed 82% to roughly $446.5 million, reflecting a massive influx of new speculative capital.

While the 7-day RSI has touched overbought levels (77.6), the current structure remains bullish as long as the $0.0000056 support level holds. The "We ride at dawn" sentiment from the official community has successfully reactivated retail interest for the 2026 cycle.

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