PEPE Advances 6% Amid Strong Buyer Support; Memecoin Index Jumps 7%

16 July 2025: PEPE Token Volume Spikes as Price Gains Over 6%

PEPE, the frog-themed memecoin, saw a surge in trading activity, with volumes hitting 4.6 trillion tokens, while exchange-held balances dropped by 2.6% over the past month—signaling strong holder commitment.

In the last 24 hours, PEPE climbed more than 6% to $0.00001285. The token remained highly volatile, swinging between $0.000011981 and $0.000013081, reflecting an intraday price range of nearly 9%.

PEPE’s rally helped push the CoinDesk Memecoin Index (CDMEME) up 7.12%, significantly outperforming the 3.3% gain recorded by the broader CoinDesk 20 Index, which tracks the largest cryptocurrencies.

According to CoinDesk Research’s technical analysis, resistance is around $0.00001286, where algorithmic trading caused two sharp pullbacks on volumes exceeding daily averages. On the flip side, strong support near $0.00001260 repeatedly held, indicating buyers are defending key price levels.

Trading volumes peaked at 4.6 trillion PEPE tokens in the final hours—an amount that, dollar-wise, rivals the daily volume of many mid-sized stocks. Despite this heavy selling pressure, bids clustered around $0.00001282 remained firm, showing continued investor interest.

Meanwhile, Nansen data reveals that PEPE balances on exchanges have fallen by 2.6% over the past 30 days, suggesting that holders are increasingly moving tokens off exchanges, reducing available supply.