Tag: pepe

Widespread meme-inspired cryptocurrency PEPE rose greater than 4% during the last 24 hours to commerce up practically 10% over the previous week.

The surge comes amid renewed curiosity in meme tokens, with the CoinDesk Memecoin Index (CDMEME) rising greater than 11% over the previous week, outperforming bitcoin’s 1.4% transfer. Over 24 hours, the memecoin sector is up 2.5%, in contrast with BTC’s 0.2%.

PEPE rallied from $0.00001013 to $0.00001074, setting a brand new short-term resistance close to $0.00001082, in line with CoinDesk Analysis’s technical evaluation information mannequin. Buying and selling exercise spiked considerably, with over 5.89 trillion PEPE tokens altering palms through the peak of the rally, greater than double the 24-hour common.

The worth motion exhibits a gradual sample of upper lows, a sign that consumers are stepping in persistently at more and more elevated ranges. That kind of construction is commonly interpreted as an indication of accumulation by extra engaged traders.

Throughout essentially the most lively section of the transfer, the token additionally touched $0.00001081 earlier than settling barely decrease. That fast spike drew a brand new resistance line whereas a agency help degree emerged round $0.00001017.

These value boundaries, examined a number of instances, assist form merchants’ expectations about the place the coin may go subsequent.

The rally was marked by robust liquidity and sustained demand. Exercise surged round a number of retests of the $0.00001069 mark, a degree that held every time, reinforcing its power.

Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.

Meme-inspired cryptocurrency PEPE PEPE$0.0₅9544 is underneath strain after slipping beneath a key assist stage, sparking warnings of a attainable 15% drop.

The transfer comes as buying and selling volumes fell to $980 million and open curiosity contracted 4% to $535 million based mostly on CoinGlass information, signaling waning conviction amongst merchants.

Derivatives information present lengthy liquidations hit $326,000, far outpacing simply $9,900 in shorts, based mostly on the identical information supply, highlighting an imbalance that would speed up downward momentum.

In the meantime, exercise on the PEPE community has collapsed to fewer than 3,000 each day energetic addresses, Glassnode information exhibits. That’s a pointy drop from late 2024, when a peak 27,500 addresses have been energetic throughout a significant worth rally.

In accordance with dealer Alpha Crypto Sign, the value of PEPE may see a significant breakdown and gradual in direction of the $0.0000085 to $0.0000080 space because it comes off of a symmetrical triangle.

In the meantime, Nansen information for the previous week exhibits the highest 100 PEPE addresses on the Ethereum blockchain added simply 0.2% to their holdings, whereas PEPE on exchanges rose 1.13%.

Technical Evaluation Overview

PEPE confirmed volatility through the newest buying and selling cycle, with a 5% vary between $0.000010028 on the excessive and $0.000009567 on the low, in line with CoinDesk Analysis’s technical evaluation information mannequin.

A rally earlier within the week briefly pushed costs to the $0.000010000 mark on quantity of two.6 trillion tokens, however the transfer stalled and sellers regained management.

Since then, the token has drifted decrease, testing $0.000009610, a 4% pullback from latest highs. Hourly buying and selling additionally confirmed resistance forming close to $0.000009640 regardless of sharp quantity spikes above 89 billion, suggesting distribution quite than accumulation.

Widespread memecoin PEPE dropped roughly 1% as a serious token holder despatched 500 billion tokens valued round $4.8 million to Binance, including promoting strain to the token.

The transfer comes amid a 40-day downtrend that value the dealer roughly $450,000. Tokens are sometimes transferred to accounts on exchanges in preparation for an impending sale. The token most lately traded at $0.00000992, in accordance with market knowledge, bouncing from earlier lows close to $0.00000938. Costs swung inside a 6% vary earlier than recovering towards resistance at $0.00000983.

The whale, in accordance with blockchain knowledge, remains to be holding onto 1.5 trillion PEPE tokens price greater than $14 million.

Greater than 3.26 trillion PEPE tokens modified palms through the session, with the strongest volumes recorded through the restoration part, in accordance with CoinDesk Analysis’s technical evaluation knowledge mannequin.

After dipping to the session’s low, PEPE rebounded sharply as patrons stepped in at assist ranges. That surge lifted the value near an intraday peak.

The market responded to the switch with sustained shopping for curiosity, an indication of confidence or opportunistic accumulation. Nonetheless, bearish strain hasn’t vanished. Resistance stays agency just under $0.00001, and worth motion continues to check assist ranges.

Nansen knowledge helps the case for alternative accumulation, because it reveals that PEPE whales on Ethereum added 1.46% to their holdings over the previous 30 days.

PEPE is outperforming the broader memecoin market. As measured by the CoinDesk Memecoin Index (CDMEME), the sector misplaced nearly 3% of its worth over the previous 24 hours, greater than PEPE’s close to 1% decline.

Pepe

, the frog-themed memecoin that surged in recognition earlier this yr, fell roughly 4% up to now 24 hours. The decline got here as buying and selling exercise throughout the meme token sector cooled from highs seen earlier this week.

The broader memecoin market, based mostly on the CoinDesk Memecoin Index (CDMEME) noticed a 3% decline within the final 24-hour interval, considerably underperforming the broader market. Measured via the CoinDesk 20 (CD20) index, the broader market misplaced simply 0.1% of its worth over the interval.

Whale accumulation has nonetheless been ongoing, with the highest 100 PEPE addresses on the Ethereum community seeing their holdings rise 1.5% within the final 30 days, whereas PEPE on exchanges dropped by 0.5% over the identical interval in accordance with Nansen knowledge.

Technical Evaluation Overview

PEPE traded in a $0.0000081 vary over the previous 24 hours, marking a 7% unfold between the excessive and low, in accordance with CoinDesk Analysis’s technical evaluation knowledge mannequin.

The height got here at $0.0000126621, however repeated breakout makes an attempt above $0.000012 met promoting stress. Vital intraday help was examined round $0.0000118094. The token then moved into a decent consolidation channel between $0.00001181 and $0.00001198, signaling indecision amongst merchants.

The day ended with PEPE settling at $0.0000118, barely above help however below clear distribution stress from sellers. Until its value can reclaim and maintain above the $0.000012 resistance zone, momentum might favor a retest of decrease help ranges.

Quantity patterns in the course of the session counsel waning purchaser energy in comparison with earlier within the week, which might restrict the possibilities of a sustained upside breakout with out renewed market catalysts.

Widespread memecoin PEPE has risen greater than 5% during the last 24 hours, powered by a high-volume breakout that helped the token’s worth surge above a latest resistance degree.

The upward pattern fashioned on a sequence of upper lows, an indication of sustained shopping for curiosity, in response to CoinDesk Analysis’s technical evaluation information mannequin.. Quantity spikes accompanied every transfer greater, suggesting that bigger buyers could also be accumulating.

Whereas the rally has technical power, the broader context is extra sophisticated.

Buying and selling quantity throughout PEPE derivatives contracts has dropped 73% since mid-July in response to CoinGlass information. That drop in exercise comes amid an increase within the PEPE token holdings of the 100 largest addresses on the Ethereum community. Over the previous 30 days, these addresses added 2.36% to their holdings, whereas alternate reserves dropped by 2.4%, per Nansen.

The rise of PEPE’s worth is probably going tied to an ongoing rally in threat property, pushed by rising expectations that the Federal Reserve will minimize rates of interest by 25 bps in September. The CME’s FedWatch device is presently weighing a 93% probability of that taking place, whereas Polymarket merchants place possibilities at 79%.

Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.

PEPE fell round 2% within the final 24-hour interval as a part of a broader 5% sell-off that began amid a crypto market slowdown and a wave of high-volume promoting.

The value slid from $0.000014268 to $0.000013568 through the session, with 349 billion tokens offloaded through the transfer, in accordance with CoinDesk Analysis’s technical evaluation knowledge mannequin.

The meme-inspired cryptocurrency briefly rallied to a session excessive of $0.000014713, supported by 11.7 trillion tokens traded in a single surge. However the try fizzled, encountering stiff resistance and triggering a swift reversal. The sharp transfer led to greater than $4 million in liquidations, per CoinGlass knowledge.

That session excessive now stands as a agency technical ceiling, reinforcing dealer doubts about near-term upside. Relative submit quantity on social media is up greater than 23% in comparison with its 24-hour common, in accordance with knowledge from TheTie, suggesting rising curiosity.

Assist got here in close to $0.000013618, the place consumers confirmed curiosity throughout earlier dips. Whereas the token briefly moved beneath that stage, it has since recovered to surpass it.

In the meantime, Nansen knowledge reveals that whilst the highest 100 addresses holding PEPE on Ethereum have elevated their holdings by 0.11%, trade wallets added 0.24% within the final 24 hours, displaying a rising provide available on the market.

Regardless of the drop, PEPE is barely outperforming the broader memecoin area. The CoinDesk Memecoin Index (CDMEME) noticed a 2.4% drop within the final 24 hours, in comparison with PEPE’s close to 2% drop. Over the previous month, PEPE is up practically 55% in comparison with CDMEME’s 41.7% rise.

The frog-themed token has been outperforming after forming a golden cross sample earlier this month. Crypto analyst Lark Davis on social media flagged a possible breakout goal at $0.0000155.

Technical Evaluation Overview

• Buying and selling quantity spiked to 11.72 trillion tokens throughout a breakout try, signaling widespread market participation.
• Robust rejection at $0.000014713 now serves as a important ceiling for additional upside.
• Constant purchaser exercise shaped a key assist close to $0.000013618
• A pointy deterioration started with 230.19 billion tokens offered in a concentrated interval.
• Huge offloading occurred in successive waves of 237.67 billion, 329.19 billion, and at last 349.11 billion tokens. Exercise dwindled to near-zero then, signaling dealer fatigue and lack of conviction for restoration.

Disclaimer: Components of this text have been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.

PEPE surged greater than 6% during the last 24 hours, climbing to $0.00001285. Volatility remained intense, with the token swinging between $0.000011981 and $0.000013081, a virtually 9% intraday vary.

Whereas PEPE’s efficiency stands out, the CoinDesk Memecoin Index (CDMEME) surged 7.12% within the final 24 hours. That compares with a 3.3% acquire within the CoinDesk 20 Index of largest, most energetic cryptocurrencies.

Resistance seems to be across the $0.00001286 degree, the place algorithmic buying and selling programs triggered two sharp reversals on volumes above day by day norms, in response to CoinDesk Analysis’s technical evaluation knowledge mannequin.

Repeated rebounds off assist close to $0.000012600 steered market individuals had been stepping in to defend value ranges.

Within the remaining stretch of buying and selling, volumes topped 4.6 trillion PEPE, a determine that, in greenback phrases, may dwarf the day by day buying and selling of many mid-sized shares.

But bids round $0.000012820 held agency, suggesting that traders aren’t abandoning the token. Stability on exchanges, in response to Nansen knowledge, has plunged 2.6% over the previous 30 days.

Disclaimer: Components of this text had been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.

PEPE shed practically 3% prior to now day as merchants dumped tokens in unusually excessive volumes, underscoring renewed nervousness within the cryptocurrency house and vital profit-taking.

PEPE fell 3% with volatility hitting 7.74%, in accordance with CoinDesk Analysis’s technical evaluation knowledge mannequin.

The token noticed peaks of $0.00001268 earlier than tumbling to session lows round $0.00001169 early within the day. Whereas costs briefly bounced, the rebound stalled shortly, leaving PEPE pinned close to resistance round $0.00001206.

The huge 24-hour buying and selling quantity, exceeding 3.47 trillion tokens, factors to giant liquidations or fast repositioning by merchants. It comes amid a broader market sell-off that has seen the CoinDesk 20 (CD20) index drop by 2.95% within the final day, whereas the CoinDesk Memecoin Index (CDMEME) receded 3.9%.

But whale accumulation seems to stay strong. Knowledge from Nansen exhibits that over the previous seven days, PEPE whales on Ethereum added 1.4% to their holdings, which now complete 305.26 trillion PEPE, whereas funds on exchanges dropped by 1.14% to 251.2 trillion.

Technical Evaluation Overview

PEPE’s efficiency over the previous 24 hours underscored the depth of the market’s bearish tilt. The token dropped 3%, weighed down by relentless promoting. Buying and selling remained risky, with costs swinging throughout a variety of $0.00000980 and posting intraday volatility of practically 8%.

Bulls briefly pushed costs to $0.00001268 at one level, however robust resistance emerged on the $0.00001267 stage. From there, sellers steadily took management, driving costs to a session low of $0.00001169.

Although PEPE managed a modest rebound, climbing from $0.00001210 to as excessive as $0.00001217, momentum fizzled shortly. The coin settled close to $0.00001206, now appearing as a resistance zone, suggesting the market stays in consolidation quite than reversing its slide.

Buying and selling volumes soared past 3.47 trillion tokens, highlighting the size of exercise as merchants reacted to shifting value ranges. Till PEPE can maintain above key resistance and take up promoting stress, its development seems locked in a bearish sample.

Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.

The value of PEPE

shot up 14% during the last 24 hours, pushed by large-scale shopping for and a broader rebound throughout the cryptocurrency area that noticed bitcoin prime the $118,000 mark.

The token surged from $0.000011141 to $0.000012812, including gas to a sector that thrives on on-line hype and sudden bursts of buying and selling. Whereas the broader CoinDesk 20 (CD20) index rose 7.3% within the final 24-hour interval, the CoinDesk Memecoin Index (CDMEME) is up 11.3% in the identical interval.

Behind the spike was additionally whale exercise. Information from Nansen exhibits that the highest 100 addresses holding PEPE have added greater than 1% to their holdings simply prior to now day, to 304.1 trillion PEPE, whereas exchanges holdings have saved on dropping.

Over the previous month, the highest 100 PEPE addresses grew their holdings by 2.3%, whereas the full quantity of tokens held on exchanges dropped by 2.17% to 252.2 trillion.

Technical alerts trace at sustained momentum for PEPE. Throughout the rally, the token traded in an 18% vary between lows of $0.000009823 and highs of $0.000013068. A key resistance degree emerged at $0.000012482, with value reversals occurring there on heavy quantity, in response to CoinDesk Analysis’s technical evaluation knowledge mannequin.

In the meantime, stable help held close to $0.000011013 as merchants purchased dips aggressively.

Disclaimer: Components of this text have been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.

Standard meme-inspired cryptocurrency PEPE (PEPE) rose roughly 3% within the final 24-hour interval amid heavy buying and selling volumes.

The token’s worth oscillated in a slender band between $0.0000099035 and $0.0000102814 over the interval, rising to just lately 0.00001043.

Whereas that vary could also be modest, merchants shifted 5.64 trillion tokens throughout the busiest hour, hinting at sturdy curiosity regardless of lingering market jitters, in response to CoinDesk Analysis’s technical evaluation knowledge mannequin.

A lot of the thrill centered round whales, or giant holders, whose complete stash rose 1.75% to 303 trillion tokens, whereas the quantity held on cryptocurrency exchanges dropped by 2.9% over the past 30 days, in response to Nansen knowledge.

A decrease quantity on exchanges coupled with bigger numbers within the fingers of whales may recommend that demand is choosing up whereas provide — the funds obtainable to commerce instantly on exchanges — is briefly lowered.

PEPE’s worth discovered strong footing above $0.000010200 throughout the session, with bursts of exercise pushing it increased briefly spikes.

The cryptocurrency’s worth restoration comes amid a wider altcoin market rally, with the CoinDesk 20 index rising 2.6% up to now 24 hours because the cryptocurrency market shrugs off U.S. President Donald Trump’s new tariffs, set to take impact Aug. 1.

Meme cash like PEPE usually swing wildly on each technical indicators and web hype.

Disclaimer: Elements of this text have been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.

The frog-themed memecoin PEPE (PEP) slid practically 6% over the 24 hours, as Trump’s reciprocal tariffs deadline despatched ripples by way of the cryptocurrency market and uncovered the token’s volatility.

PEPE’s worth swung throughout a 16.5% buying and selling vary, underscoring how briskly sentiment can flip in a market more and more delicate to geopolitical and macroeconomic indicators when buying and selling volumes drop.

Behind the worth drop, nevertheless, giant addresses seem unfazed. Knowledge from blockchain analytics agency Nansen exhibits whale wallets have elevated their PEPE holdings by over 5% previously month, scooping up tokens now valued at round $3 billion, over 70% of PEPE’s provide.

In the meantime, the overall provide of PEPE on exchanges slipped to a two-year low of roughly 247.2 trillion tokens, a close to 3% lower for the reason that begin of July, in line with the identical supply.

Technical Evaluation Overview

PEPE has struggled to carry beneficial properties after testing resistance close to $0.0000106, encountering agency promoting strain that pushed the worth decrease.

The coin discovered help round $0.00000965, conserving it from sliding additional, although the general buying and selling vary displays persistent volatility, in line with CoinDesk Analysis’s technical evaluation knowledge mannequin.

Charts present a descending channel shaping the current worth motion, with sellers stepping in on upward strikes. Buying and selling volumes reveal a sample of distribution throughout worth spikes, hinting that merchants are offloading positions reasonably than constructing contemporary longs.

Nonetheless, transient rebounds and surges in shopping for curiosity recommend the memecoin isn’t out of the struggle. A burst of quantity helped elevate costs modestly from current lows, signaling that some merchants nonetheless see room for a bounce if broader market sentiment improves.