16 July 2025: PEPE Trading Volume Soars as Price Rises Over 6%
PEPE, the frog-themed memecoin, experienced a surge in trading volume, reaching 4.6 trillion tokens, while the amount held on exchanges fell by 2.6% over the past 30 days—indicating strong holder confidence.
Over the last day, PEPE climbed more than 6%, hitting $0.00001285. Volatility was high, with prices fluctuating between $0.000011981 and $0.000013081, marking an intraday range of nearly 9%.
This rally helped lift the CoinDesk Memecoin Index (CDMEME) by 7.12%, significantly outpacing the 3.3% gain seen in the CoinDesk 20 Index, which tracks the largest cryptocurrencies.
Technical analysis from CoinDesk Research points to resistance around $0.00001286, where algorithm-driven trades triggered two sharp reversals on volumes above average. Meanwhile, support near $0.00001260 held firm as buyers stepped in to defend the price.
Trading activity peaked at 4.6 trillion PEPE tokens in the final trading hours, a volume that in dollar terms rivals many mid-cap stocks. Despite heavy trading, bids near $0.00001282 remained strong, reflecting ongoing investor interest.
Data from Nansen also shows a 2.6% drop in PEPE tokens held on exchanges over the past month, suggesting fewer tokens are being moved to market for sale.
