Key Highlights
- PEPE surged 66.9% and BONK gained 54.6% over the past week amid rising meme coin activity.
- Whale trading, including $3.11M PEPE leveraged positions, fueled momentum in both tokens.
- PEPE is trading at $0.0000067 and BONK at $0.000012, with strong market volumes but still below all-time highs.
Meme coins PEPE and BONK recorded price gains over the past week as trading activity in the sector picked up. PEPE surged nearly 66.9%, climbing from $0.0000040 to $0.0000069, while BONK rose 54.6% over the same period.
The trend is based on the wider recovery of meme coins since the end of December 2025, as the market capitalization of the sector regained its previous lows.
PEPE is currently trading at $0.0000067 and the 24-hour trading volume of PEPE is $84,15,61,884. The token has fallen by 4.12% over the last 24 hours and its live market capitalization is $2,84,16,99,559.
BONK is currently trading at $0.000012 and its 24-hour trading volume is $33,39,89,632, a decline of 4.85%. The token’s live market cap is $1,02,06,84,190, according to CoinMarketCap.
Latest trading and whale action
The rally of PEPE was accompanied by an increase in trading volume that hit a high of $919 million showing the interest of retail and leveraged traders.
BONK also experienced spikes in its daily volumes as high as $760 million on January 4 and then stabilized around $315 million on January 7. The token is still 78% lower than its all-time high of $0.000057 of November 2024.
PEPE remains 75% below its December 2024 high of $0.00002803, but current momentum has reduced the difference. These gains have been affected by the activity of whales.
James Wynn, a reputed meme coin trader, has a PEPE position of 10x leverage of HyperLiquid with a value of $3.11 million. The current position has unrealized gains of over 545,000 and a 212% margin.
Wynn also holds a long of $16.26 million BTC, and his total exposure is $19.4 million, and both floating profits are over $842,000. Other major traders have also made a profit on leveraged Ethereum and PEPE.
Technical forecast and market feeling
Analyst NFTdavie pointed out that PEPE has just hit upper resistance and the next target is the $0.000010 level. Reaching this level would be tantamount to subtracting one zero in the price of the token. PEPE perpetual contracts are currently being funded at 0.0100% indicating optimism among leveraged traders.
The derivatives are pointing at optimistic pessimism in the crypto market. In liquidations reported by Coinglass, there were $443 million liquidations in 24 hours.
The crypto Fear and Greed Index rose to 49, which indicates increasing, yet still wary confidence in the market. In general, the total crypto market capitalization peaked to $3.18 trillion, and the meme coin industry added about $52.77 billion, according to CoinMarketCap.
Background and sector trends
The meme coin industry has recovered since the end of December, gaining about $10 billion in the overall market capital. Other prominent tokens like Dogecoin and Shiba Inu also recorded weekly returns of 20.9% and 29%, respectively.
The industry has recovered after the lows of dominance had not been experienced since the November 2024 meme coin boom.
Although PEPE and BONK are still nowhere near their past highs, recent trading action shows that meme coins are back in the spotlight, both by retailers and leveraged traders.
Also Read: Onyxcoin Price Jump Nearly 175% in First Week of January 2026
