Pepe Coin has experienced a remarkable surge of 40% in recent days, coinciding with Bitcoin’s impressive breakthrough above $100,000 on May 9th. This aligns with broader market bullish momentum, significantly impacting meme coins. Key signs point to institutional backing, driven by significant whale investments. Analysts and experts have observed large wallet addresses accumulating Pepe at crucial support levels, indicating growing interest from financial institutions. This activity has generated increased confidence among retail investors, fueling further price growth. The surge has not only boosted market capitalization but also led to the liquidation of short positions. Market indicators suggest that this rally could continue based on past trends and potential long-term gains.