With a steady price rise, trillions in token burns, and growing holder numbers, PEPE is showing signs that something bigger might be unfolding.
As of June 3, 2025, PEPE is trading at approximately $0.00001265, reflecting a 2.5% intraday gain. Over the past 24 hours, its price has ranged between $0.00001178 and $0.00001296, and it’s up 7.20% on the week. The meme token has also witnessed a surge in trading volume, with $1.14 billion USDT exchanged in the past 24 hours, an indication of rising market activity.
Adding to the optimism, popular crypto analyst SHIB KNIGHT has spotlighted PEPE’s promising price action. He notes that the token is receiving strong support at $0.00001167, suggesting potential for a continued upward push.
According to his chart analysis, support levels to watch include $0.00001167, $0.00001097, and $0.00001029, while bullish price targets are set at $0.00001382, $0.00001521, and $0.00001737.
This technical setup is further strengthened by notable on-chain developments. On May 26, 2025, at 06:26:59 AM UTC, 2 trillion PEPE tokens worth $25.32 million were burned. The tokens were sent from a Binance Hot Wallet to the PEPE contract address, permanently removing them from circulation.
On-chain data further supports PEPE’s growing momentum. In the past two weeks, the number of PEPE holders has increased by 9,546, rising from 436,091 to 445,637. This holder surge suggests expanding interest and confidence in the token’s potential.
Currently, PEPE ranks 27th by market cap, solidifying its position as one of the top memecoins actively gaining traction in the broader crypto market.