Whale Trades Drive Volume Surge as PEPE Defends Key Technical Support

PEPE Steadies Above Support as Whale Traders Drive Massive Volume Spike
October 28, 2025

PEPE maintained its footing above a critical support level Tuesday as trading activity surged sharply, pointing to significant movement from large token holders.

The meme coin rose 0.67% over the past 24 hours, fluctuating between $0.000007205 and $0.000007265, while overall trading volume jumped 72% above its daily average to 2.70 trillion tokens. The surge in volume near resistance at $0.000007249 suggests whales are actively managing positions rather than exiting.

According to Nansen data, the top 100 non-exchange Ethereum wallets boosted their PEPE holdings by nearly 1% to 306.7 trillion tokens, while exchange wallets saw a 0.95% decline to 232.59 trillion, implying accumulation among long-term holders.

PEPE ended the session at $0.000007152, rebounding from intraday lows and forming a series of higher lows that could indicate consolidation. Traders now watch support between $0.000007090–$0.000007140 and resistance near $0.000007260–$0.000007270. A breakout above resistance may spark upside momentum, while a drop below support could turn sentiment bearish.

Across the broader market, the CoinDesk 20 Index dipped 0.2%, while the CoinDesk Memecoin Index gained 1.6%, underscoring continued strength in the meme sector despite overall market caution.

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