Pepe Token ($PEPE) continues to experience significant price volatility, with recent market data showing frequent spikes and dips. The token's price has seen sudden increases of 15-20%, although it remains 76% below its all-time high of $0.00002803. In the past 24 hours, $PEPE's price decreased by 4.99%, moving from $0.0006842 to $0.0006536. The erratic price behavior is driven by increased trading volumes, with a 69% rise in weekly activity pushing daily volumes into the billions. This surge is linked to a broader market shift towards risk-on assets, fueling interest in meme coins like $PEPE. Despite the volatility, the token's trading volume suggests sustained market interest, with analysts watching for potential growth.