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By CD Analytics, Francisco Rodrigues|Edited by Sheldon Reback
Jul 16, 2025, 11:39 a.m.
- PEPE surged 6% in 24 hours with intense volatility and a nearly 9% intraday range.
- Despite the volatility, investors appear to be defending the token’s price, with repeated rebounds off support near $0.000012600 and firm bids around $0.000012820.
- Trading volumes for PEPE surged to 4.6 trillion tokens while exchange balances have decreased 2.6% over the past 30 days.
PEPE surged more than 6% over the last 24 hours, climbing to $0.00001285. Volatility remained intense, with the token swinging between $0.000011981 and $0.000013081, a nearly 9% intraday range.
While PEPE’s performance stands out, the CoinDesk Memecoin Index (CDMEME) surged 7.12% in the last 24 hours. That compares with a 3.3% gain in the CoinDesk 20 Index of largest, most active cryptocurrencies.
STORY CONTINUES BELOW
Resistance appears to be around the $0.00001286 level, where algorithmic trading systems triggered two sharp reversals on volumes above daily norms, according to CoinDesk Research’s technical analysis data model.
Repeated rebounds off support near $0.000012600 suggested market participants were stepping in to defend price levels.
In the final stretch of trading, volumes topped 4.6 trillion PEPE, a figure that, in dollar terms, could dwarf the daily trading of many mid-sized stocks.
Yet bids around $0.000012820 held firm, suggesting that investors aren’t abandoning the token. Balance on exchanges, according to Nansen data, has plunged 2.6% over the past 30 days.
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.
