Share this article
PEPE Drops 4% as Memecoin Sector Underperforms Broader Crypto Market
Despite the price decline, whale accumulation of PEPE continued, with the top addresses on Ethereum increasing their holdings by 1.5% in the last 30 days.
Aug 14, 2025, 12:03 p.m.
Make us preferred on Google
What to know:
- Pepe (PEPE) fell 4% in the past 24 hours, underperforming the wider market as trading activity in the meme token sector cooled.
- Despite the price decline, whale accumulation of PEPE continued, with the top 100 PEPE addresses on Ethereum increasing their holdings by 1.5% in the last 30 days.
- Technical analysis suggests that PEPE is facing distribution pressure from sellers, and unless it can reclaim and hold above the $0.000012 resistance zone, it may retest lower support levels.
Pepe (PEPE), the frog-themed memecoin that surged in popularity earlier this year, fell roughly 4% in the past 24 hours. The decline came as trading activity across the meme token sector cooled from highs seen earlier this week.
The wider memecoin market, based on the CoinDesk Memecoin Index (CDMEME) saw a 3% decline in the last 24-hour period, significantly underperforming the wider market. Measured through the CoinDesk 20 (CD20) index, the wider market lost just 0.1% of its value over the period.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Whale accumulation has nevertheless been ongoing, with the top 100 PEPE addresses on the Ethereum network seeing their holdings rise 1.5% in the last 30 days, while PEPE on exchanges dropped by 0.5% over the same period according to Nansen data.
Technical Analysis Overview
PEPE traded in a $0.0000081 range over the past 24 hours, marking a 7% spread between the high and low, according to CoinDesk Research's technical analysis data model.
The peak came at $0.0000126621, but repeated breakout attempts above $0.000012 met selling pressure. Critical intraday support was tested around $0.0000118094. The token then moved into a tight consolidation channel between $0.00001181 and $0.00001198, signaling indecision among traders.
The day ended with PEPE settling at $0.0000118, slightly above support but under clear distribution pressure from sellers. Unless its price can reclaim and hold above the $0.000012 resistance zone, momentum may favor a retest of lower support levels.
Volume patterns during the session suggest waning buyer strength compared to earlier in the week, which could limit the chances of a sustained upside breakout without renewed market catalysts.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
What to know:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
Top Stories
