$PEPE on Solana spikes to ~$9M
An eight‑month‑old $PEPE token on Solana experienced an unusual on‑chain wick that pushed its market cap toward $9 million amid elevated activity. The movement stood out because the token is relatively old for a fresh speculative wick. (x.com)
A Solana token called Pepe, created about 20 months ago, briefly traded as if it were worth millions before falling back under $300,000. (dexscreener.com) DEX Screener shows the Pepe/SOL pair at about $237,000 in market cap and $129,000 in liquidity on April 16, 2026, with the pair first created 1 year, 8 months and 10 days earlier. Solscan lists the same mint at about $270,326 in market cap and 23,211 holders. (dexscreener.com) (solscan.io) The move that drew attention was a wick, a brief print at a much higher price than where most trading happened. On thin liquidity, a relatively small buy can push the last traded price sharply higher and make the implied market cap look much larger than the pool could support for long. (dexscreener.com) That is unusual for this corner of Solana because most sudden meme-coin spikes happen in tokens that are hours or days old, not in a pair that DEX Screener dates to August 2024. The same listing also says the token was claimed by a community takeover on July 26, 2024, after the original team left. (dexscreener.com) The broader setup is a market that still rewards old tickers when traders can recognize the name fast. DEX Screener’s Solana front page on April 16 showed several newer meme tokens doing millions in daily decentralized-exchange volume, while this Pepe pair was trading only hundreds of dollars in the latest snapshot. (dexscreener.com 1) (dexscreener.com 2) The token itself is not the Ethereum-based Pepe that CoinGecko ranks among the larger meme coins. It is a separate Solana mint, with its own supply, holders and Raydium pool. (coingecko.com) (solscan.io) Solscan tags the mint as a Pump.fun token and shows more than 1,000,000 transfers, which points to sustained on-chain activity even after the launch window passed. DEX Screener lists 23,154 holders, close to Solscan’s count, suggesting the token kept a base of wallets despite the lower current valuation. (solscan.io) (dexscreener.com) What traders watch next is whether a wick turns into sustained trading. On April 16, the live pool data still showed a six-figure market cap, not a multi-million-dollar one, which means the spike stood out more as a burst of price discovery than a confirmed rerating. (dexscreener.com)
