PEPE’s price rose 0.67% over the last 24-hour period, holding above a crucial support band even as volume surged to levels that suggest large players are actively managing their positions. The meme token rose from $0.000007205 to $0.000007265 over the period, trading within a tight range that kept volatility in check according to CoinDesk Research's technical analysis data model. Though the move appeared modest, the surge in trading activity told a more complex story. At one point, volume jumped 72% abov ...

Popular memecoin PEPE is under renewed pressure, shedding about 5% in the past 24 hours and nearly a quarter of its value in the past week. With a current price of $0.0000075 and a market cap hovering around $3 billion, PEPE is facing mounting bearish signals that could extend the recent downturn, according to CoinDesk Research's technical analysis data model. Trading volume surged to nearly $927 million over the last 24-hour period, reflecting increased volatility. PEPE is already down 31% this year. D ...

Core Insights - PEPE cryptocurrency experienced a 7% decline in the last 24 hours, with trading volumes reaching 2.29 trillion tokens [1] - The price fell from $0.00000995 to $0.00000931, testing key technical support at $0.0000093 [1] - The broader memecoin sector is down approximately 4.3%, indicating a market correction [3] Price Movement - PEPE's price peaked at $0.00001014 before entering a downtrend due to selling pressure [2] - Despite a brief stabilization, PEPE closed slightly higher at $0.0000094, underperforming the CoinDesk 20 index, which lost 3.35% [2] Market Dynamics - High trading volumes suggest that the recent pullback was driven by significant market activity rather than low liquidity [2] - Profit-taking by investors and rising political risks, particularly in Japan's fiscal policy, contributed to the market correction [3] Insider Control Concerns - There are renewed concerns regarding insider control in newer memecoins, with 60% of the supply of YEPE, a PEPE-inspired token, controlled by insiders [3] Address Holdings - Data indicates that the holdings of the 100 largest PEPE addresses on Ethereum increased by 0.26% over the past week, while funds on exchanges grew by 0.35% [4]

Meme-inspired cryptocurrency PEPE surged more than 2.5% in the last 24-hour period, outperforming the memecoin sector as measured by the CoinDesk Memecoin Index (CDMEME), which went up 2.24% in the same period. The price jumped from $0.00000969 to a high of $0.00001027, with trading volumes crossing 314 billion tokens during a rapid price move in the final hour of trading, according to CoinDesk Research's technical analysis data model. Trading activity in the $0.00001000 to $0.00001003 range created a ...

Core Insights - Pump.fun, a Solana-based memecoin launchpad, has surpassed Hyperliquid in daily protocol revenue, achieving over $1.02 billion in daily trading volume, up from $942 million the previous day [1][7] - The memecoin market cap reached a 30-day high of $83 billion, reflecting strong retail interest and ongoing sector rally [2][7] - Pump.fun's total value locked (TVL) hit a record high of $334 million, indicating significant capital inflow into its smart contracts [2] - The platform ranked third in daily DeFi revenue, only behind Tether and Circle, marking a notable shift in protocol rankings as retail interest in memecoins increases [3][7] - Pump.fun is expanding into livestreaming, distributing $4 million in rewards to content creators, aiming to compete with platforms like Rumble and Kick [3][7] Market Dynamics - The memecoin sector has shown resilience, with the market cap slightly cooling to $76 billion but still maintaining elevated interest in meme tokens [2] - Major tokens like Dogecoin gained 11% over the past week, despite delays in a proposed US-listed Dogecoin ETF, indicating ongoing investor enthusiasm [4] - Lesser-known meme tokens, such as Memecore, Moo Deng, and DORA, also experienced double-digit gains, highlighting the broader market momentum [5] Strategic Developments - Pump.fun's acquisition of the wallet tracking tool Kolscan aims to revolutionize on-chain trading, further enhancing its platform capabilities [6] - The platform's livestreaming tool reportedly surpassed Rumble in average concurrent streams and is approaching 1% of Twitch's share, although these claims are unverified [4]