Share this article
PEPE Rises 3% as Whale Holdings Climb, Crypto Market Shakes Off Tariff Jitters
Whales increased their PEPE holdings by 1.75% to 303 trillion tokens, while the supply on exchanges decreased by 2.9%, data shows.
Jul 9, 2025, 2:27 p.m.
What to know:
- PEPE rose by 3% in the last 24 hours, trading between $0.0000099035 and $0.0000102814.
- PEPE saw a significant trading volume of 5.64 trillion tokens during its busiest hour of the trading session.
- Whales increased their PEPE holdings by 1.75% to 303 trillion tokens, while the supply on exchanges fell 2.9%, data shows.
Popular meme-inspired cryptocurrency PEPE (PEPE) rose roughly 3% in the last 24-hour period amid heavy trading volumes.
The token's price oscillated in a narrow band between $0.0000099035 and $0.0000102814 over the period, rising to recently 0.00001043.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While that range may be modest, traders shifted 5.64 trillion tokens during the busiest hour, hinting at strong interest despite lingering market jitters, according to CoinDesk Research's technical analysis data model.
Much of the buzz centered around whales, or large holders, whose total stash rose 1.75% to 303 trillion tokens, while the amount held on cryptocurrency exchanges dropped by 2.9% over the last 30 days, according to Nansen data.
A lower amount on exchanges coupled with larger numbers in the hands of whales could suggest that demand is picking up while supply — the funds available to trade immediately on exchanges — is temporarily lowered.
PEPE’s price found solid footing above $0.000010200 during the session, with bursts of activity pushing it higher in brief spikes.
The cryptocurrency’s price recovery comes amid a wider altcoin market rally, with the CoinDesk 20 (CD20) index rising 2.6% in the past 24 hours as the cryptocurrency market shrugs off U.S. President Donald Trump’s new tariffs, set to take effect Aug. 1.
Meme coins like PEPE often swing wildly on both technical signals and internet hype.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
