PEPE rises 9% to $0.00000502 on heavy short liquidations

PEPE surged approximately 9% within four hours, trading close to $0.00000502 on October 23, 2026, marking a notable move among memecoins during an otherwise muted Bitcoin session. The rapid price increase occurred as Bitcoin hovered near $81,700, showing only a marginal 0.5% uptick in the same period, according to spot market data. While Bitcoin’s performance remained stable following a technology-sector sell-off, PEPE and other memecoins outperformed both Bitcoin and broader altcoins in short-term gains. PEPE, inspired by the popular Pepe the Frog meme, cleared local resistance at around $0.00000476 and quickly advanced toward $0.00000502. Demand for PEPE is susceptible to sharp shifts in online activity and spot market volume, often leading to swift and outsized moves compared to the slower pace that typically characterizes top cryptocurrencies like Bitcoin.

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