PEPE Holds Steady as Trading Volume Spikes, Signaling Whale Activity
October 28, 2025
PEPE maintained key technical support on Tuesday even as trading activity spiked sharply, hinting at strategic moves by large investors.
The meme coin edged up 0.67% over the past 24 hours, moving within a tight range between $0.000007205 and $0.000007265, according to CoinDesk Research. Despite the modest price gain, volume surged 72% above its daily average to 2.70 trillion tokens, suggesting that major holders were repositioning rather than reacting to short-term swings.
Most of the trading occurred near resistance at $0.000007249, typically a level where institutional traders or whales rebalance holdings. Blockchain analytics firm Nansen reported that the top 100 non-exchange Ethereum addresses increased their PEPE balances by nearly 1% to 306.7 trillion tokens, while exchange-held tokens declined by 0.95% to 232.59 trillion, implying accumulation by long-term investors.
PEPE rebounded from intraday lows to end around $0.000007152, forming higher lows throughout the session—a technical sign of early consolidation. The token now faces resistance between $0.000007260–$0.000007270, with support established near $0.000007090–$0.000007140. A break above resistance could trigger fresh upside momentum, while a drop below support may signal a shift toward bearish sentiment.
Meanwhile, broader crypto markets softened slightly, with the CoinDesk 20 Index down 0.2%, while the CoinDesk Memecoin Index climbed 1.6%, underscoring relative strength in the meme token sector.
