--- title: "Why did Pepe go up 9.4% on October 28, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/pepe/2026-10-28" date: 2026-10-28 --- # Why did Pepe go up 9.4% on October 28, 2026? A reported accumulation story and exchange-related buzz could have supported the rise, but neither is independently verified here. The price spiked and then fell back from its high. On October 28, 2026 (UTC), PEPE went from about $0.000005 to $0.000005 (+9.37%) on OKX · USDT, trading between $0.000005 and $0.000005. PEPE's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. PEPE rose further than this on 1 of the past 29 days. No PEPE report was collected from the day before to the day after; the cause is unresolved. Since 2023-04-19, PEPE has risen 7% or more in a UTC day 82 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 33 of 82 cases, with a median change of -3.77%. This is history, not a forecast. ## What may be driving the move A reported accumulation story and exchange-related buzz could have supported the rise, but neither is independently verified here. The price spiked and then fell back from its high. - trigger · medium: News headlines published Oct 28, 17:05–20:52 UTC reported a large Justin Sun-linked PEPE holding and a Poloniex tweet. If accurate and noticed by traders, these reports could have encouraged buying and helped lift the price. Evidence gap: These are headline snippets, not independently verified reports; they do not establish actual purchases or a link to the price move. The reported timing also does not establish when the move began. Sources: [S10](), [S11](), [S12](), [S14]() - amplifier · low: Open interest in coin units rose 36.6% over Oct 28, 01:00–Oct 29, 01:00 UTC, while buyer-initiated share was slightly above its prior 24-hour comparison. Derivatives positioning may have amplified the rise. Evidence gap: Open interest does not show position direction or net inflows, and taker share is only marginally higher. Funding was steady at 0.01% per period; liquidations and their timing are unknown. Sources: [S7](), [S8]() Open question: Did the reported wallet accumulation or exchange tweet reflect real buying or a catalyst for this move? Analysis generated: 2026-10-29T01:45:08.000Z; evidence window: 2026-10-28T01:44:57.000Z → 2026-10-29T01:44:57.000Z. - Day open / close: $0.000005 → $0.000005 (24 hourly candles, OKX · USDT) - Day range: $0.000005 – $0.000005 - Versus the past month: 1 of the past 29 days rose further; +9.37% in the 24 hours to Oct 29, 2026, 00:00 UTC, 3.1× a typical day (3.0%). - 30-day range: 4.0% below the high · 38.1% above the low; From hourly highs and lows on the same venue - 24h volume: 3.3×; of its prior 30-day daily average - Perpetual swap: funding positive · open interest rising; OKX perpetual swap PEPE-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Oct 29, 2026, 00:00 UTC. ## PEPE timeline around October 28, 2026 Largest closed hourly move: +6.79%, Oct 28, 2026, 01:00–02:00 (UTC). ## How often has this happened before? Since 2023-04-19, PEPE has risen 7% or more in a UTC day 82 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 33 of 82 cases, with a median change of -3.77%. This is history, not a forecast. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 82 | 38 | -0.65% | | 7 days later | 82 | 33 | -3.77% | | 30 days later | 80 | 39 | -2.60% | Episodes: 2026-10-20, 2026-10-13, 2026-09-19, 2026-09-03, 2026-08-19, 2026-07-26, 2026-07-10, 2026-07-03, 2026-04-07, 2026-03-16 (UTC) One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-28 (UTC) - [MEET48 (IDOL) +70.50%]() - [Initia (INIT) +35.04%]() - [Quack AI (Q) +30.19%]() - [Anoma (XAN) +18.71%]() - [Litecoin (LTC) +3.57%]() [PEPE price and news]() [Methods and limitations]()