The frog-themed meme coin Pepe has soared by 17% in the past 24 hours, fueled by a surge in whale transactions. This rally brings Pepe closer to the valuation of its canine counterpart, Dogecoin, and pushes it into the top three meme coins by market cap. Analysts have attributed the move to a breakout from a one-day downtrend and a potential continuation of the bullish trend.