PEPE Surges as Meme Tokens Gain Traction
- PEPE rose over 4% in the last 24 hours and nearly 10% over the past week.
- The CoinDesk Memecoin Index (CDMEME) increased by more than 11% this week, outperforming Bitcoin’s rise of just 1.4%.
- Trading volume for PEPE peaked at over 5.89 trillion tokens, more than double its average.
- The price rallied from $0.00001013 to $0.00001074, testing resistance levels around $0.00001082.
- A support level emerged around $0.00001017, indicating strong buying interest at that price point.
The recent rally in PEPE is part of a broader resurgence in meme tokens, with significant trading activity reflecting strong demand and liquidity in the sector.
With a notable increase of nearly 10% this week, PEPE’s performance illustrates its growing popularity among investors in the meme token space.(Source)
