PEPE Rally Drives Memecoin Outperformance Against Bitcoin
September 9, 2025
Memecoins continued their strong run this week, with the CoinDesk Memecoin Index (CDMEME) up more than 11%, eclipsing bitcoin’s modest 1.4% gain.
Leading the charge, PEPE gained nearly 10% over the past seven days and more than 4% in the last 24 hours. The token advanced from $0.00001013 to $0.00001074, briefly spiking to $0.00001081 before pulling back slightly. CoinDesk Research flagged $0.00001082 as near-term resistance, with $0.00001017 emerging as firm support.
Trading volumes spiked sharply, with more than 5.89 trillion PEPE tokens changing hands at the height of the rally—over twice its typical daily activity. Analysts noted a consistent formation of higher lows, suggesting accumulation by more engaged market participants.
Key technical zones were repeatedly tested, particularly around $0.00001069, a level that held multiple times and reinforced its importance for traders.
On a 24-hour basis, the memecoin sector rose 2.5%, far outpacing bitcoin’s 0.2% move, underscoring the speculative momentum fueling these tokens even as the broader market remained relatively subdued.
