Why is Pepe up today?

PEPE is up 2.6% over 24 hours at roughly $0.000004, with a $1.86B market cap and $426.94M in daily turnover. The bigger story is the weekly move: a 22.1% seven-day gain that CryptoPotato flagged as a roughly 50% run accompanied by a golden cross on PEPE's chart, a technical signal that has drawn momentum traders back into the largest frog-themed memecoin.

That strength sits on top of a broadly firmer market. Bitcoin is flat on the day at $84,425 but up 10.3% over the week, and memecoins typically amplify those swings in both directions. PEPE has no project-specific news today beyond the technical setup, so the intraday 0.9% hourly dip is drift rather than a discrete catalyst.

Risk headlines are capping the move. Bitget reportedly lost about $350 million as a new wallet drained hot and cold reserves in under an hour, New York sued Polymarket over unlicensed gambling, and the 30-year Treasury yield hit 5.44%, its highest since 2004 — a tough backdrop for the riskiest corners of crypto.