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PEPE Climbs 6% as Traders Defend Key Levels, Memecoin Index Gains 7%
Trading volumes for the frog-themed token surged to 4.6 trillion, while exchange balances have decreased 2.6% over the past 30 days.
Jul 16, 2025, 11:39 a.m.
What to know:
- 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
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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.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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