PEPE Soars 6%: Traders Go All In on Memecoin Mania 🚀💰

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What to know:

  • PEPE has climbed 6% in just 24 hours, with a wild 9% intraday swing. It’s like a rollercoaster, but for your wallet. 🎢💸
  • Despite the volatility, traders are holding the line, with repeated bounces off support near $0.000012600 and strong buying interest around $0.000012820. It’s like a game of financial Twister. 🤸‍♂️💰
  • Trading volumes for PEPE have exploded to 4.6 trillion tokens, while exchange balances have dropped 2.6% over the past month. Someone’s been hoarding! 🤑🔒

PEPE has surged more than 6% over the last 24 hours, reaching a high of $0.00001285. The volatility has been intense, with the token swinging between $0.000011981 and $0.000013081, a nearly 9% intraday range. It’s like watching a financial soap opera, but with more numbers and less drama. 📈💥

While PEPE’s performance is impressive, the CoinDesk Memecoin Index (CDMEME) has also surged 7.12% in the last 24 hours. That’s more than double the 3.3% gain in the CoinDesk 20 Index of the largest, most active cryptocurrencies. It’s like the memecoins are having a party, and the big boys are just watching from the sidelines. 🎉👀

Resistance seems to be around the $0.00001286 level, where algorithmic trading systems have triggered two sharp reversals on volumes above daily norms, according to CoinDesk Research’s technical analysis data model. It’s like the market is playing a game of hot potato with PEPE. 🥔🔥

Repeated rebounds off support near $0.000012600 suggest that market participants are stepping in to defend price levels. It’s like a financial version of dodgeball, where everyone’s trying to avoid getting hit with a price drop. 🏏🚫

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. It’s like the memecoin equivalent of a Black Friday sale, but for digital tokens. 🛍️💸

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. It’s like a digital gold rush, but with fewer pickaxes and more keyboards. 🏴‍☠️💻

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2025-07-16 15:39