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Key Takeaways:
- PEPE Coin surged 8% amid a 111% spike in trading volume and reduced exchange supply.
- The memecoin market rose 7.1%, benefiting from broader bullish momentum in crypto.
- Analysts expect further upside, especially if Bitcoin continues its climb and interest rates drop.
Pepe Coin (PEPE), the popular memecoin, has regained the spotlight after an impressive 8% surge in the past 24 hours. This price jump comes amid rising interest from whales and retail investors alike, reflected in a massive spike in trading volume and a broader rally across the cryptocurrency market.
Whale Buying and Volume Spike Signal Renewed Interest
According to CoinMarketCap data, PEPE climbed from $0.00001002 to a high of $0.00001127, breaking through key resistance levels around $0.0000101 and $0.0000111. Technical analysts note that this breakout could indicate the start of a stronger upward trend, especially with PEPE’s trading volume more than doubling to $1.37 billion — a 111% increase.
This surge in activity has coincided with a drop in exchange supply, suggesting that many traders are moving their holdings into cold wallets, likely anticipating further gains rather than preparing for short-term sales.
Memecoin Market Strengthens Amid Broader Crypto Rally
The overall cryptocurrency market rose by 2.85% in the same timeframe, with the memecoin sector seeing particularly strong performance. According to CoinGecko, the total market capitalization of meme coins climbed by 7.1%, now standing at $64.2 billion.
This growing market momentum has lifted investor sentiment, particularly around high-risk, high-reward assets like PEPE. The token, which runs on the Base network, is benefitting from both macroeconomic tailwinds and strong community support.
Analysts Point to Positive Outlook and Bitcoin Correlation
Crypto analyst Tony, in a recent post on X (formerly Twitter), highlighted PEPE’s fair launch and transparent team as key factors in its bullish outlook. He emphasized that renewed whale activity and growing retail participation could set the stage for even more upside, especially with Bitcoin recently hitting a new all-time high above $112,000.
Based $PEPE Daily Chart
— Tony 🧢🐸 (@Ape_100x) July 9, 2025
At first glance, the chart shows a clear downtrend from the ATH, with price now sitting at a critical support level within the Golden Pocket, something that might appear concerning on the surface.
However, if you understand that $BTC and $ETH are highly… https://t.co/v5zh2NfA0A pic.twitter.com/mEICydzAp0
Historically, meme coins like PEPE tend to follow Bitcoin’s lead, often gaining momentum in the later stages of a bull market. With Bitcoin’s trading volume exceeding $60 billion and optimism rising around the proposed CLARITY Act, PEPE’s fundamentals are aligning with broader market trends.
Also Read: PEPE Coin Price Prediction 2025: Breakout Targets $0.000016 as Meme Coin Surges
Further fueling risk-on sentiment, reports suggest that former U.S. President Donald Trump is pushing for a 300 basis point interest rate cut from the Federal Reserve. If enacted, such a cut would flood the economy with liquidity — a scenario historically favorable to speculative assets like memecoins.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
