The frog meme coin is having a moment. Pepe (PEPE) has climbed roughly 55% over the past seven days, making it one of the strongest performers in crypto and leaving established meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) trailing in its wake.

Here's how the three stack up:

What Traders Are Seeing

Altcoin Sherpa observed that Pepe is trading in a range characterized by sharp 15% to 20% upside bursts. He cautioned that actively trading within this range carries significant risk of getting "chopped," recommending instead that traders accumulate during consolidation phases and sell into sudden rallies.

Dentoshi pointed out that Pepe has been an early mover and standout performer, reclaiming its daily 100-day moving average and previous support levels well before much of the broader market caught up.

Davie Satoshi added that Pepe continues to look strong following a clean bounce from upper resistance. If the momentum continues, he sees potential for a breakout toward the $0.000010 area, which would effectively remove another zero from the token's price.

The Numbers Behind the Move

According to Coinglass data, Pepe long liquidations jumped to $3.32 million over the past 24 hours, marking the highest level since October 10, 2025. Open interest also climbed to its highest point since that period, indicating elevated trader participation and positioning.

Despite the impressive weekly performance, Pepe pulled back about 5.5% over the past 24 hours as traders took profits after the token topped the weekly gainers list. That's the nature of meme coin volatility: what goes up fast can come down just as quickly, at least in the short term.