PEPE hits $40M volume on Solana via Sunrise
Pepe (PEPE)
Editor:
Eugene Serbin
Cryptobriefing.com reports that PEPE surged past $40 million in trading volume on Solana within a day of its debut. The Ethereum-native meme token arrived on the network through Wormhole’s asset gateway, specifically utilizing the Sunrise orchestration layer. This milestone occurred on September 19, marking one of the fastest ramps for a newly listed asset on the platform.
Sunrise distinguishes itself by creating canonical tokens, ensuring a single official version of PEPE is distributed across Raydium, Orca, and Meteora. This approach aims to prevent the liquidity fragmentation often seen with traditional cross-chain bridges. The volume surge suggests strong appetite for meme tokens on Solana’s faster and cheaper infrastructure.
Sunrise has collectively crossed $10 billion in lifetime Solana trading volume by early September 2026. The platform’s model allows external assets to plug into Solana’s DeFi ecosystem without usual headaches. For Wormhole Labs, this validates the canonical token model at scale. The debut coincided with a broader market rebound that elevated trading volumes across multiple venues.
How the market reacted
Whalio's own Binance spot order flow for PEPE, measured when this story was written up on 20 September 2026. Not the outlet's figures.
PEPE is trading at $0.000004110 with a 24-hour spot volume of $59,863,637. The 24-hour buy ratio stands at 54.4%, indicating a slight edge for buyers over sellers. Short-term pressure shows a 1-hour buy ratio of 55.3% and a 4-hour ratio of 51.6%, suggesting immediate buying interest is stronger than the longer-term trend. Volume deltas confirm this activity, with +$119,709 in the last hour and +$291,440 over four hours. The cumulative volume delta for the day is +$5,214,112, while the CVD at close is +$6,048,680. Net buying occurred for 16 out of 24 hours, showing consistent, albeit moderate, buyer dominance throughout the day.
The latest daily buy ratio of 49.3% sits at the 48th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PEPE, averaged over the days leading up to the story.
Over the preceding week, PEPE saw a 7-day average buy ratio of 52.3%, making today’s 24-hour ratio of 54.4% slightly above average by 2.1 points. The 24-hour volume of $59,863,637 is 2.67 times the weekly average volume, indicating an unusually active trading day. This volume spike contributed to an 8-day price change of +20.2%. Total volume delta over eight days reached +$12,239,870, with net buying recorded on four of those seven days. This data places today’s activity as a notable acceleration compared to the previous week's baseline.