The PEPE price is on the move again. The meme coin jumped over 40 percent in the past 24 hours. It is now trading at $0.00001263 with a market cap of around $5.5 billion. The sudden spike has caught the attention of traders, and many are now wondering whether PEPE is heading for a $10 billion valuation.
Crypto analyst Fyre shared a chart on X showing the breakout structure. In his tweet, he said the chart has “send me to the moon” energy. He also mentioned that he has been bullish, still is, and believes PEPE is not done writing history. His chart shows a clean upward move with strong support behind it. The pattern points to a possible continuation if momentum holds.
This breakout didn’t come out of nowhere. For weeks, PEPE was stuck between $2.8B and $4.2B in market cap. It was quiet, even while other meme coins were heating up. Now, it has exploded through resistance with big volume. That kind of move often signals the start of a much larger run.
Is $10B the next pit stop for $PEPE?
— Fyre (@fyrechartz) May 9, 2025
This chart's got "send me to the moon" energy written all over it.
I’ve been bullish, still bullish, and staying strapped in $PEPE isn’t done writing history. pic.twitter.com/V9SJT20ObY
Can PEPE Hit $10 Billion?
The next key levels are around $6.3 billion and $7.2 billion in market cap. If PEPE can break those, the road to $10 billion is open. The last time the PEPE price came close to that level was during its 2024 all-time high. If meme coin mania continues and Bitcoin stays strong, PEPE could get there faster than most expect.
What’s clear right now is that meme coins are outperforming the rest of the market. While some altcoins are moving slowly, meme tokens are flying. BRETT, FARTCOIN, and even DOGE or FLOKI have all pumped double digits today. Traders are rotating capital into meme plays, chasing momentum and high returns. PEPE is right at the center of that trend.
From a technical standpoint, PEPE has solid support around the $0.00001000 to $0.00001050 range, which acted as resistance before the breakout. If the price pulls back, this zone could attract buyers again. On the upside, the next major resistance sits around $0.00001420, with the all-time high near $0.000017 being the level most bulls are watching. If PEPE can push past that, a full extension toward the $10 billion market cap could quickly come into play.
For now, PEPE holders are holding tight. With fresh energy in the meme coin market, $10 billion may no longer be a dream. It might be the next stop.
Read also: Why Is ETH Price Pumping? Here Are the Best Ethereum Coins to Buy Now
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