Pepe Coin (PEPE) has experienced a significant rally, surging nearly 20% on September 13, 2025, to reach a one-month high of $0.00001200. This price increase coincides with a massive withdrawal of 1.1 trillion PEPE tokens from exchanges over the past two days, reducing exchange reserves from 257 trillion to 255.9 trillion tokens.
The movement of tokens off exchanges suggests increased investor confidence and reduced immediate selling pressure. Trading volume skyrocketed to $1.34 billion, surpassing both Shiba Inu's $406 million and Pudgy Penguins' $592 million volumes. Derivatives data shows futures open interest jumping to over $765 million, the highest level since July, indicating growing market demand.
Technical analysis reveals PEPE formed a falling wedge pattern before breaking out, with the Relative Strength Index reaching 65 and the Percentage Price Oscillator showing a bullish crossover. Analysts project a potential 22% increase to $0.00001475, though a break below the ascending trendline would invalidate this outlook.
The rally occurs amid increased attention to Pepe the Frog imagery following reports connecting the meme to far-right political movements, though the Pepe Coin team maintains anonymity and has not commented on market developments.