The price of pepe
Shot 14% over the past 24 hours, driven by large-scale purchases and a wider rebound over the cryptocurrency space that saw the Bitcoin Top $ 118,000 brand.
Token rose from $ 0.000011141 to $ 0.000012812, adding fuel to a sector that thrives on online hype and sudden bursts of trading. While the wider Coindesk 20 (CD20) index increased 7.3% in the last 24 -hour period, Coindesk Memecoin Index (CDMEME) has increased by 11.3% in the same period.
Behind the spik was also whale activity. Nansen data shows that the 100 best addresses holding Pepe have added more than 1% to their inventory just on the last day, to 304.1 trillion Pepe, while Exchanges Holdings has continued to fall.
Over the past month, they grew the top 100 PEPE regarding their inventory by 2.3%, while the total amount of tokens held on stock exchanges fell by 2.17% to 252.2 trillion.
Technical signals suggest sustained momentum for Pepe. During the rally, the token traded in an 18% area between low level of $ 0.000009823 and heights of $ 0.000013068. A key resistance level occurred on $ 0.000012482, where price transfers occur on heavy volume, according to Coindesk Research’s technical analysis data model.
Meanwhile, Solid supported near $ 0.000011013 when dealers bought dips aggressively.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
