Pepe Coin's price has once again drawn attention on Monday, with reports indicating a surge of 20%. However, more importantly, traders have yet to prove the true reason behind this volatility and whether PEPE has enough momentum to continue rising in March.
This is crucial because PEPE remains one of the most speculative projects in cryptocurrency. When a meme coin experiences rapid fluctuations without a clear catalyst, traders often find themselves in a situation where price changes occur first, followed by the search for reasons.
This does not mean that the price increase did not happen; it may have reached a peak during intraday trading and then partially retreated before the end-of-day snapshot update.
PEPE's rise seems real, but lacks a catalyst
In this regard, the situation becomes complicated. There has been no issuer statement, exchange listing notice, or project announcement that clearly explains such a significant rise on Monday.
This forces traders to adopt the most common meme coin explanation: a surge in leveraged positions, social media hype, and a rapid shift towards high-risk tokens. In other words, prices lead, and narratives follow.
Such high open interest can propel prices like rocket fuel, but it can also become a trap. When traders heavily enter leveraged bets, liquidations can accelerate price increases within hours, but once the squeeze ends, reversals can be just as swift.
PEPE has experienced such situations before. In June 2025, FXStreet reported that the meme coin sector rose under broader risk appetite, with PEPE also climbing over 8% as traders shifted towards high-volatility assets. The current situation appears similar, only lacking clear triggering evidence.
Why short-term traders are focusing on PEPE again
PEPE attracts attention without needing strong fundamental support. What it requires is volatility, liquidity, and a collective willing to chase momentum, and data shows that all three remain present.
Over $411 million in trading volume on March 11 is not noise from a small-cap market. This turnover rate tells traders that PEPE remains liquid enough for quick directional bets, which is why meme coin funds continue to flow back in when the market seeks action.
There is also a psychological factor. When Bitcoin and large-cap coins show weakness, some traders look for quick percentage fluctuations elsewhere. This rotation of funds can temporarily lift coins like PEPE, DOGE, SHIB, and BONK while broader market sentiment remains defensive.
But the problem is that PEPE is still based on reactions rather than substantive trading. CC Press mentioned in June 2025 that the rise in open interest attracted speculative attention, and this pattern seems to be re-emerging, but lacks any significant project-level developments to support it.
This makes confirmation in March particularly important. If the token cannot convert a brief surge into sustained trading volume and stable derivatives participation, the recent rebound could merely become another meme coin frenzy.
So, how high can Pepe Coin rise in March?
To be honest, the answer to this question is conditional rather than absolute. Research data does not support a clear defensive...