{"id":51722,"date":"2025-10-08T13:31:45","date_gmt":"2025-10-08T13:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51722"},"modified":"2025-10-08T13:31:45","modified_gmt":"2025-10-08T13:31:45","slug":"pepe-falls-7-as-trading-volumes-surge-and-memecoin-market-faces-broader-pullback","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51722","title":{"rendered":"PEPE Falls 7% as Trading Volumes Surge and Memecoin Market Faces Broader Pullback"},"content":{"rendered":"<div>\n<p>Popular meme-inspired cryptocurrency PEPE has seen a 7% drop in the last 24-hour period, while trading volumes topped 2.29 trillion tokens, according to CoinDesk Research&#8217;s technical analysis data model.<\/p>\n<p>The token slid from $0.00000995 to $0.00000931 during the sell-off, testing key technical support near the $0.0000093 mark. This zone briefly attracted buyers, but the broader trend remained under pressure.<\/p>\n<p>PEPE\u2019s price hit a high of $0.00001014 early in the session before sellers pushed the asset into a downtrend. Volumes remained high throughout, a sign that the pullback was driven by significant activity rather than low-liquidity noise.<\/p>\n<p>A short-lived stabilization occurred later on, with PEPE closing marginally higher at $0.0000094. The drop has seen PEPE underperform the wider market, which, as measured by the CoinDesk 20 (<a href=\"https:\/\/www.coindesk.com\/index\/cd20\">CD20<\/a>) index, lost 3.35% of its value over the last 24-hour period.<\/p>\n<p>The broader memecoin sector is down around 4.3%, based on the CoinDesk Memecoin Index (<a href=\"https:\/\/www.coindesk.com\/index\/cdmeme\">CDMEME<\/a>).<\/p>\n<p>The market saw a correction amid profit-taking after <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/08\/bitcoin-s-short-term-whales-now-hold-usd10-1b-in-paper-gains-is-a-cash-out-next\">whales\u2019 gains swelled<\/a> and as investors sought cover from<a href=\"https:\/\/www.coindesk.com\/daybook-us\/2025\/10\/08\/gold-s-historic-run-dwarfs-btc-but-analyst-remain-positive-crypto-daybook-americas\"> rising political risks,<\/a> including growing tensions in Japan\u2019s fiscal policy.<\/p>\n<p>Concerns over insider control in newer memecoins are also back in focus. Blockchain analytics firm Bubblemaps recently flagged YEPE, a PEPE-inspired token, for having <a href=\"https:\/\/x.com\/bubblemaps\/status\/1974853169059708928\">60% of its supply controlled <\/a>by insiders.<\/p>\n<p>Data from <a href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x6982508145454ce325ddbe47a25d4ec3d2311933&amp;chain=ethereum&amp;tab=token-distribution\">Nansen<\/a> shows that for the 100 largest PEPE addresses on Ethereum, holdings have grown by 0.26% over the last week, while funds on exchanges grew by 0.35%.<\/p>\n<p><em><strong>Disclaimer:<\/strong>\u00a0Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to\u00a0<a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see\u00a0<a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Popular meme-inspired cryptocurrency PEPE has seen a 7% drop in the last 24-hour period, while trading volumes topped 2.29 trillion tokens, according to CoinDesk Research&#8217;s technical analysis data model. The token slid from $0.00000995 to $0.00000931 during the sell-off, testing key technical support near the $0.0000093 mark. This zone briefly attracted buyers, but the broader [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51722","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51722"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51722\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}