16 July 2025: PEPE Trading Volume Surges as Price Climbs Over 6%
PEPE, the frog-themed memecoin, experienced a notable spike in trading activity, with volumes reaching 4.6 trillion tokens. At the same time, the amount of PEPE held on exchanges declined by 2.6% over the past month, highlighting strong holder conviction.
In the last 24 hours, PEPE’s price jumped over 6%, hitting $0.00001285. The token remained volatile, fluctuating between $0.000011981 and $0.000013081—a nearly 9% intraday range.
This price rally boosted the CoinDesk Memecoin Index (CDMEME) by 7.12%, outperforming the broader CoinDesk 20 Index, which gained 3.3%.
According to CoinDesk Research’s technical analysis, resistance near $0.00001286 caused two sharp reversals due to algorithmic trading on above-average volumes. Meanwhile, strong support around $0.00001260 showed that buyers are actively defending key levels.
Trading volumes peaked at 4.6 trillion PEPE tokens during the final trading session—a volume that rivals many mid-cap stocks in dollar terms. Despite intense trading, bids around $0.00001282 remained firm, reflecting sustained investor interest.
Data from Nansen also indicates a 2.6% decrease in PEPE tokens held on exchanges over the last 30 days, suggesting a reduced supply available for trading.
