PEPE and Dogecoin (DOGE) sparked a meme coin surge in global crypto markets today. These cryptocurrencies jumped 30% and 19%, respectively over the last 24 hours. On-chain data points to heavy whale accumulation as a key driver behind PEPE’s sharp rally. Large holders scooped up trillions of tokens, tightening available supply and shifting momentum upward. Meanwhile, fresh optimism surrounds Dogecoin thanks to X’s upcoming trading platform launch. This promises easier DOGE access and broader adoption in the weeks ahead.
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PEPE Captures Spotlight in Meme Coin Surge

PEPE seized market attention with a sharp 30% price rise over the past 24 hours. The meme token climbed to fresh levels amid exploding trading volume on February 15 of $1.21 billion. This surge pushed volume to over 50% of its market capitalization, depicting intense speculative demand.

Source: TradingView
The rally showed consistency across different trading pairs in multiple exchanges. This points to a coordinated global buying rally rather than scattered regional flows, as cryptocurrencies sometimes experience. Additionally, PEPE registered gains against BTC. Although Bitcoin moved higher by 2% in the last 24 hours, PEPE’s rally was much stronger.
Furthermore, high participation from large holders fueled a whale accumulation surge that appears central to the move. On-chain signals indicate whale accumulation absorbed available supply during earlier dips. This dynamic tightened liquidity and supported short-term advances. Finally, community discussions fueled this rally with trends on X.
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Dogecoin Rides Elon Musk Crypto Wave
Dogecoin rides the Elon Musk crypto wave as X refines its financial tools with the upcoming Smart Cashtags feature. The platform focuses on real-time price tracking and asset mentions in posts related discussions. This enhances transparency for stocks and cryptocurrencies and supports Musk’s push toward deeper financial X platform integration.
Nikita Bier, head of product at X, explained:
“We are building Smart Cashtags that allow you to specify the exact asset (or smart contract) when posting a ticker. From Timeline, users will be able to tap them to see its real-time price along with all mentions of that asset.”
The announcement delivers a solid market sentiment boost for Dogecoin. DOGE climbed about 19% in the last 24 hours as traders reacted positively to this news. Let’s not forget Musk’s historical endorsements to Dogecoin that fuelled community positivity around this virtual currency. Similarly to what happened to PEPE, volume rose sharply, drawing retail interest, encouraging broader market participation.
X platform integration plans continue to build momentum through iterative updates. THis feature aims for public rollout next month after collecting user feedback. Additionally, community comments on social media highlight potential for seamless price checks and mentions. Combined with a recent whale accumulation surge in on-chain data, these steps sustain bullish interest. They also strengthen DOGE and PEPE position in the meme coin space, which has expanded in the last few years.
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