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By CD Analytics, Francisco Rodrigues|Edited by Sheldon Reback
Jul 9, 2025, 2:27 p.m.
- PEPE rose by 3% in the last 24 hours, trading between $0.0000099035 and $0.0000102814.
- PEPE saw a significant trading volume of 5.64 trillion tokens during its busiest hour of the trading session.
- Whales increased their PEPE holdings by 1.75% to 303 trillion tokens, while the supply on exchanges fell 2.9%, data shows.
Popular meme-inspired cryptocurrency PEPE (PEPE) rose roughly 3% in the last 24-hour period amid heavy trading volumes.
The token’s price oscillated in a narrow band between $0.0000099035 and $0.0000102814 over the period, rising to recently 0.00001043.
STORY CONTINUES BELOW
While that range may be modest, traders shifted 5.64 trillion tokens during the busiest hour, hinting at strong interest despite lingering market jitters, according to CoinDesk Research’s technical analysis data model.
Much of the buzz centered around whales, or large holders, whose total stash rose 1.75% to 303 trillion tokens, while the amount held on cryptocurrency exchanges dropped by 2.9% over the last 30 days, according to Nansen data.
A lower amount on exchanges coupled with larger numbers in the hands of whales could suggest that demand is picking up while supply — the funds available to trade immediately on exchanges — is temporarily lowered.
PEPE’s price found solid footing above $0.000010200 during the session, with bursts of activity pushing it higher in brief spikes.
The cryptocurrency’s price recovery comes amid a wider altcoin market rally, with the CoinDesk 20 index rising 2.6% in the past 24 hours as the cryptocurrency market shrugs off U.S. President Donald Trump’s new tariffs, set to take effect Aug. 1.
Meme coins like PEPE often swing wildly on both technical signals and internet hype.
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.
