The memecoin $PEPE has experienced notable growth and market activity in July 2025, with its price surpassing several resistance levels including 1100, 1300, and 1400. Market participants anticipate a breakout and new all-time highs, supported by increasing holder numbers and positive developments in the broader cryptocurrency environment. Over recent days, $PEPE added hundreds of new holders daily, with the $PEPE subreddit reaching 50,000 members. The coin's market capitalization is currently around $5.42 billion, approximately half of its previous all-time high near $11.6 billion, with projections suggesting it could reach between $20 billion and $42 billion in the next leg up. The growth is linked to Ethereum's performance, as $PEPE historically breaks out about 10 days after Ethereum starts pumping; Ethereum is currently near all-time highs. Additional factors influencing $PEPE include the passage of a new crypto bill, BlackRock's filing to add staking to its Ethereum ETF, and endorsements such as former President Donald Trump posting about $PEPE on Truth Social. Binance plans to remove the "seed" tag for $PEPE, and the token ranks second in top swaps on Uniswap. Market analysts suggest $PEPE is positioned for substantial gains during the final six months of the current bull market. Separately, another memecoin, $REKT, has reached a market capitalization of $400 million, with some investors reporting rapid gains.