PepeCoin ($PEPE), a meme cryptocurrency, has experienced notable growth throughout early July 2025, reaching new price milestones and trading volumes. The token surpassed 1,100 before breaking through 1,300, with a single candle recording $69 billion in volume. It has become the third-largest meme coin globally by market gains, posting a 14% increase in a single day and is now ranked as the fourth-largest cryptocurrency by trading volume, trailing only Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On July 11, MetaMask reported $PEPE among the top token swaps for the week alongside SOLX, ZEUS, HEX, and HOLD. The number of new $PEPE holders increased by 434 in one day, coinciding with Bitcoin reaching $118,000. Market observers suggest $PEPE is the leading meme coin of the current cycle, with expectations it may surpass Shiba Inu ($SHIB) in prominence. Additionally, Jerome Powell's impending resignation was noted in the context of these market developments.