PEPE Climbs as Memecoin Index Outshines Bitcoin
September 9, 2025
The memecoin market extended its rally this week, with the CoinDesk Memecoin Index (CDMEME) advancing more than 11%, far ahead of bitcoin’s 1.4% gain over the same period.
PEPE was a standout performer, climbing nearly 10% in the past week and up over 4% in the last 24 hours. The token moved from $0.00001013 to $0.00001074, briefly testing $0.00001081 before easing slightly. CoinDesk Research noted that resistance is forming around $0.00001082, while support has consolidated near $0.00001017.
Trading activity surged alongside the price action, with more than 5.89 trillion PEPE tokens exchanged at the height of the rally—more than double its usual daily average. Analysts highlighted a clear trend of higher lows, often seen as a sign of accumulation by committed investors.
Intraday moves repeatedly tested levels around $0.00001069, with the zone holding firm each time, reinforcing its role as a key marker for traders.
Across the sector, memecoins rose 2.5% over 24 hours, compared with bitcoin’s modest 0.2% increase, underscoring the speculative momentum driving these tokens.
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