Pepe (PEPE) is experiencing quite a rally today, Sept. 8, 2025. According to CoinGecko statistics, the frog-themed memecoin is up 4.1% in the last 24 hours and 3.4% over the previous week. Bitcoin (BTC), on the other hand, has rallied by 0.8% and 2.1% in the same time frame, respectively. PEPE’s surge comes amid other memecoins experiencing similar spikes. Bonk (BONK) has risen by 9.2% in the last 24 hours and 2.9% over the last week. Dogecoin (DOGE) has rallied by 7.7% in the daily charts and 6.9% in the weekly charts. Let’s discuss what’s pushing memecoin prices today.

What’s Behind Pepe’s Latest Price Rally?

PEPE’s latest upswing could be due to the high likelihood of an interest rate cut later this month. An interest rate cut may lead to more investors taking on risky bets as borrowing becomes easier. Interest rate dips have often led to memecoins, such as PEPE, and the crypto market to surge. Investors may be pricing in a rate cut ahead of the Federal Reserve’s next meeting. The CME FedWatch tool indicates a 100% chance of an interest rate cut this month. There is a 90.1% chance of a 25 basis point rate cut and a 9.9% chance of a 50 basis point rate cut.

However, there is also a possibility that PEPE will face a correction after its recent rally. Global trade wars and tariff tensions could seep into the crypto and stock markets. Such a scenario could lead to risky assets facing a dip. PEPE could fall to $0.000009 price level if fresh volatility enters the crypto market.

Also Read: Can $1000 In Pepe Coin Deliver A 10x Return By December 2025?

The market could swing in any direction over the coming weeks. September has historically been a bearish month for Bitcoin (BTC) and the larger crypto market, albeit the possibility of an interest rate cut could provide some cushioning. How PEPE’s price moves over the coming days is yet to be seen.