16 July 2025: PEPE Trading Volumes Surge as Token Climbs Over 6%

PEPE, the popular frog-themed memecoin, saw its trading volumes soar to 4.6 trillion tokens, while exchange balances declined by 2.6% over the past month, signaling strong holder conviction.

Over the last 24 hours, PEPE surged more than 6%, reaching $0.00001285. The token experienced notable volatility, fluctuating between $0.000011981 and $0.000013081—an intraday range close to 9%.

PEPE’s impressive performance contributed to a 7.12% gain in the CoinDesk Memecoin Index (CDMEME) over the same period, outpacing the 3.3% rise in the broader CoinDesk 20 Index of major cryptocurrencies.

Technical analysis from CoinDesk Research identified resistance near $0.00001286, where algorithmic trading triggered two sharp reversals on higher-than-average volumes. Meanwhile, multiple rebounds around the $0.00001260 support level indicate that traders are actively defending key price points.

In the final trading hours, volumes exceeded 4.6 trillion PEPE tokens—an amount that, when converted to dollars, rivals the daily trading of many mid-cap stocks. Despite this heavy activity, buy orders around $0.00001282 remained solid, reflecting investor confidence.

Supporting this view, data from Nansen shows that PEPE balances on exchanges have dropped 2.6% over the last 30 days, suggesting fewer tokens are being moved to trading platforms for sale.