PEPE Jumps 5% as Rate-Cut Bets and Whale Accumulation Drive Risk Asset Rally

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By CD Analytics, Francisco Rodrigues|Edited by Aoyon Ashraf

Aug 7, 2025, 3:11 p.m.

PEPE has risen over 5% in the last 24 hours, driven by a high-volume breakout that helped the token surge above a recent resistance level.
Despite a 73% drop in trading volume across PEPE derivatives contracts since mid-July, the 100 largest Ethereum addresses have increased their holdings by 2.36% over the past 30 days.
The recent price rally is likely tied to a broader market trend, with growing expectations of a Federal Reserve interest rate cut in September.

Popular memecoin PEPE has risen more than 5% over the last 24 hours, powered by a high-volume breakout that helped the token’s price surge above a recent resistance level.

The upward trend formed on a series of higher lows, a sign of sustained buying interest, according to CoinDesk Research’s technical analysis data model.. Volume spikes accompanied each move higher, suggesting that larger investors may be accumulating.

STORY CONTINUES BELOW

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While the rally has technical strength, the broader context is more complicated.

Trading volume across PEPE derivatives contracts has dropped 73% since mid-July according to CoinGlass data. That drop in activity comes amid a rise in the PEPE token holdings of the 100 largest addresses on the Ethereum network. Over the past 30 days, these addresses added 2.36% to their holdings, while exchange reserves dropped by 2.4%, per Nansen.

The rise of PEPE’s price is likely tied to an ongoing rally in risk assets, driven by growing expectations that the Federal Reserve will cut interest rates by 25 bps in September. The CME’s FedWatch tool is currently weighing a 93% chance of that happening, while Polymarket traders place chances at 79%.

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.