Meme-inspired cryptocurrency PEPE surged more than 2.5% in the last 24-hour period, outperforming the memecoin sector as measured by the CoinDesk Memecoin Index (CDMEME), which went up 2.24% in the same period.

The price jumped from $0.00000969 to a high of $0.00001027, with trading volumes crossing 314 billion tokens during a rapid price move in the final hour of trading, according to CoinDesk Research's technical analysis data model.

Trading activity in the $0.00001000 to $0.00001003 range created a temporary floor, with resistance forming near $0.00001007. This kind of technical setup typically signals accumulation, a sign investors are building positions rather than flipping for quick profits.

PEPE’s move also outperforms the wider cryptocurrency market, as measured by the coinDesk

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