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–
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By CD Analytics, Francisco Rodrigues|Edited by Parikshit Mishra
Jul 11, 2025, 12:02 p.m.
- PEPE surged 14% in 24 hours, driven by large-scale buying and a broader cryptocurrency market rebound.
- Whale activity suggests possible growing accumulation, with the top 100 addresses increasing their holdings by 2.3% over the past month, while exchange holdings have dropped by 2.17%.
- Technical signals indicate sustained momentum for PEPE, with key resistance at $0.000012482 and solid support near $0.000011013.
The price of PEPE
shot up 14% over the last 24 hours, driven by large-scale buying and a broader rebound across the cryptocurrency space that saw bitcoin
The token surged from $0.000011141 to $0.000012812, adding fuel to a sector that thrives on online hype and sudden bursts of trading. While the broader CoinDesk 20 (CD20) index rose 7.3% in the last 24-hour period, the CoinDesk Memecoin Index (CDMEME) is up 11.3% in the same period.
STORY CONTINUES BELOW
Behind the spike was also whale activity. Data from Nansen shows that the top 100 addresses holding PEPE have added more than 1% to their holdings just in the past day, to 304.1 trillion PEPE, while exchanges holdings have kept on dropping.
Over the past month, the top 100 PEPE addresses grew their holdings by 2.3%, while the total amount of tokens held on exchanges dropped by 2.17% to 252.2 trillion.
Technical signals hint at sustained momentum for PEPE. During the rally, the token traded in an 18% range between lows of $0.000009823 and highs of $0.000013068. A key resistance level emerged at $0.000012482, with price reversals happening there on heavy volume, according to CoinDesk Research’s technical analysis data model.
Meanwhile, solid support held near $0.000011013 as traders bought dips aggressively.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
