Pepe (PEPE) and dogwifhat (WIF) are among the top-performing tokens in today’s crypto market as Bitcoin’s bullish momentum pushes it toward the $100K area.
The meme coins rank roughly 28th and 98th by market capitalization on CoinMarketCap, respectively. As Bitcoin climbed about 3% to a two-month high and risk assets broadly advanced, both meme tokens posted double-digit gains.
PEPE is trading around $0.000009217, up 12.59% at the time of writing. Increased whale activity suggests investor confidence in the token.
This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW pic.twitter.com/sx7hOqkcKG
— Lookonchain (@lookonchain) May 8, 2025
Meanwhile, dogwifhat traded near $0.64, rising about 13% over the past 24 hours.
These gains came alongside a surge in trading volume: Pepe’s 24-hour volume jumped 46% to $766 million, while dogwifhat’s 24-hour volume increased 44% to roughly $242 million.
Dogwifhat and Pepe Rally as Crypto Reacts to Trade Deal News
Bitcoin rallied after investors reacted to President Donald Trump’s comments about a major trade agreement between the United States and the United Kingdom.
Risk-on sentiment sparked a broader market rebound, with stock futures climbing. Cryptocurrencies—including meme coins PEPE and WIF—rose alongside Bitcoin, Ethereum and Solana.
Other notable gainers included EOS and Pudgy Penguins among the best-performing tokens.
Analysts note that the easing of tariff tensions—if this trade agreement is confirmed and followed by similar deals—could renew optimism across markets.
“President Trump teased a major trade agreement this morning, with speculation pointing to the UK. Even with few details, the headline alone triggered a sharp global risk-on reaction,” noted analysts at QCP Capital.
“Crypto jumped on the news. $BTC climbed 2.74% reclaiming $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flows show strong demand for May and June calls, indicating renewed bullish sentiment,” they added.
PEPE and WIF Price Outlook
While analysts urge caution as US markets open, they say a sustained Bitcoin close above the $100K region could expand upside potential for risk assets.
In that environment, meme coins may see renewed capital rotation into higher-risk, higher-reward tokens and emerge among the next leaders of the rally.
Rising volumes and open interest—PEPE’s volume noted at a roughly 13% increase to $454 million and dogwifhat’s volume up about 16% to $244 million—indicate elevated interest in these tokens.
If bullish momentum continues alongside a Bitcoin rebound, buying pressure could push PEPE and WIF toward key technical levels.
For WIF, a modest rally could see the token challenge and potentially reclaim prices above $1.00 if momentum persists.
For PEPE, the next resistance band resides near $0.000015 and $0.000020, which would shorten its price range by roughly one decimal place if breached.