Recent on-chain data reveals that PEPE (CRYPTO:PEPE) and (CRYPTO:FET) have experienced significant growth in network adoption, as indicated by a surge in new addresses joining their respective blockchains.

According to Santiment, PEPE recorded a notable Network Growth metric of 4,196, suggesting increased investor interest and potential bullish sentiment.

While previously saw a similar adoption spike, the current surge in PEPE addresses amidst price declines may signal a forthcoming market rally.

Despite PEPE trading down nearly 18% over the past week at $0.00001043, the uptick in network activity hints at underlying optimism among investors, potentially influencing future price movements positively.