PEPE Holds Firm Above Support as Whale Activity Fuels Volume Spike
October 28, 2025
PEPE traded steadily above a key support level on Tuesday, with a sharp surge in trading volume suggesting heightened activity from large holders.
The meme coin edged up 0.67% in the past 24 hours, moving between $0.000007205 and $0.000007265 in relatively narrow price action, according to CoinDesk Research. Despite muted volatility, total trading volume jumped 72% above its daily average to 2.70 trillion tokens, a signal often associated with whale-level repositioning.
The largest uptick in activity occurred as PEPE tested resistance around $0.000007249, suggesting institutional or high-cap investors were either accumulating or adjusting exposure. Data from Nansen showed the top 100 non-exchange Ethereum wallets increased their holdings by 1% to 306.7 trillion tokens, while exchange balances fell 0.95% to 232.59 trillion, reinforcing signs of accumulation.
PEPE closed at $0.000007152, rebounding modestly from intraday lows and forming a pattern of higher lows—an early indication of market stabilization. The next critical levels lie at support between $0.000007090–$0.000007140 and resistance around $0.000007260–$0.000007270. Sustained buying above resistance could extend gains, while a breach below support might shift sentiment bearish.
Broader market performance remained mixed: the CoinDesk 20 Index slipped 0.2%, while the CoinDesk Memecoin Index advanced 1.6%, signaling resilience in meme tokens despite muted overall crypto momentum.
