PEPE reclaims $2B market cap – Can memecoin FOMO lift altcoins?

Notably, exchange supply has since jumped by 2.11 trillion $PEPE, reversing over 40% of the earlier outflows.

In essence, $PEPE’s bullish momentum appears to be losing steam.

The reasoning is simple: With the memecoin failing to clear critical resistance, investors may be taking profits, which could explain the recent 2.11 trillion $PEPE inflow into exchanges. In this regard, its intraday pullback towards $0.0000043 could signal the start of a larger correction if selling pressure persists.

However, the FOMO narrative is far from dead, as Pepe [$PEPE] continues to hit key milestones that could attract new speculative demand, and given the market’s division between Bitcoin and altcoins, its next move could provide a critical insight.

$PEPE rally tests whether FOMO can trigger a Q4 altcoin breakout

Despite recent volatility, the past 24 hours have been strongly bullish for the memecoin

Technically, the memecoin reclaimed a $2.08 billion market cap after a 10.2% daily rally and extended its weekly gains to 20.6%. Moreover, the $483.4 million in 24-hour spot trading volume indicated growing market activity, while $PEPE’s lead among the top 100 cryptocurrencies in daily gains showed that it was significantly outperforming its peers.

To put this into context, $PEPE broke into the top 10 altcoins by 24-hour trading volume, recording $673 million and placing it alongside major players like Ethereum, Solana, and XRP. While Ethereum continues to dominate with $11.4 billion in volume, $PEPE’s entry into the rankings highlights a sharp increase in FOMO.

The result? The $PEPE/$ETH ratio is up over 13% on the weekly timeframe, indicating that $PEPE is outperforming against Ethereum.

According to AMBCrypto, this is where the growing “FOMO” around the memecoin begins to matter. As the memecoin reclaims $2 billion market cap, while the trading volume rises, the rally is showing signs of stronger speculative interest. Should $PEPE continue to outperform $ETH, the ratio could be an early signal of capital rotating toward riskier altcoins in Q4.

Final Summary

• $PEPE faces resistance near $0.000005, while rising exchange inflows hint at possible selling pressure.

• The memecoin’s 20.6% weekly rally and 13% gain against $ETH could signal growing altcoin FOMO in Q4.