PEPE Up 6% as Market Holds Ground; Memecoin Index Climbs 7%

16 July 2025: PEPE Trading Volume Jumps as Price Gains Over 6%

PEPE, the frog-themed memecoin, saw trading volumes spike to 4.6 trillion tokens, while balances held on exchanges dropped 2.6% over the past month, signaling strong holder confidence.

In the past 24 hours, PEPE surged more than 6% to $0.00001285, experiencing high volatility with prices ranging between $0.000011981 and $0.000013081—a nearly 9% intraday swing.

This price action helped push the CoinDesk Memecoin Index (CDMEME) up 7.12%, outperforming the broader CoinDesk 20 Index, which rose 3.3%.

Technical analysis from CoinDesk Research identified resistance around $0.00001286, where algorithmic trading triggered two sharp reversals on volumes above daily averages. Support near $0.00001260 held strong, indicating active defense by buyers.

Trading volume hit 4.6 trillion tokens during the final trading hours—an amount comparable in dollar terms to many mid-sized stocks. Despite heavy trading, buy orders around $0.00001282 remained firm, reflecting sustained investor interest.

Nansen data shows that PEPE tokens held on exchanges have fallen 2.6% over the last 30 days, suggesting fewer tokens are available for sale.