- PEPE jumped to above $0.0000092, up practically 13% as quantity spiked 46%.
- Meanwhile, dogwifhat hit highs of $0.64, additionally up 13% as altcoins mirrored Bitcoin gains.
- Analysts say President Donald Trump’s announcement of a commerce cope with the UK might spark additional gains.
Pepe (PEPE) and dogwifhat (WIF) are among the many high gainers within the crypto market immediately as Bitcoin rides bullish sentiment to close $100k.
The meme cash, ranked twenty eighth and 98th by market cap on CoinMarketCap, posted double-digit gains as Bitcoin rose 3%, hitting a two-month excessive alongside a broader rally in threat property.
PEPE traded at round $0.000009217, up by 12.59% on the time of writing. Whale exercise suggests investor confidence.
This whale simply purchased 500B $PEPE($4.36M) once more and at present holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW pic.twitter.com/sx7hOqkcKG
— Lookonchain (@lookonchain) May 8, 2025
Meanwhile, dogwifhat hovered close to $0.64, up 13% up to now 24 hours.
The gains occurred alongside a spike in buying and selling quantity, Pepe recording a 46% surge in each day quantity to $766 million, whereas dogwifhat noticed a rise of 44% to about $242 million.
dogwifhat, Pepe surge as crypto reacts to commerce deal information
Bitcoin surged as traders reacted to President Donald Trump’s announcement of an enormous commerce deal between the United States and the United Kingdom.
As risk-on sentiment kicked in, equities signaled a rally with futures up. Cryptocurrencies, together with the memecoins PEPE and WIF, rose alongside Bitcoin, Ethereum, and Solana.
EOS and Pudgy Penguins led the highest performers.
With the commerce deal prone to be amongst many others lined up, analysts say an easing of tariff tensions might spark recent market optimism.
“President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,” QCP Capital analysts noted.
“Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,” they added.
PEPE and WIF price outlook
While analysts urge a cautious method because the US markets open, they see a BTC shut above $100k as doubtlessly including to the upside.
This state of affairs might see meme cash soar amid capital rotation into anticipated gainers.
The surge in quantity and open curiosity (+13% to $454 million for PEPE, and +16% to $244 million for dogwifhat) suggests sturdy curiosity within the tokens.
If this sentiment holds as BTC rallies, shopping for stress might see PEPE and WIF rise to key ranges.
WIF price might return to above $1 if bulls edge greater.
Meanwhile, Pepe could see a zero taken off the price vary, with current hurdles at $0.000015 and $0.000020 key.
