Why PEPE’s Price Went Bonkers and Whales Are Doing Backflips 🐸💸

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Markets

What to know:

  • PEPE‘s price shot up 6% in less than a day to $0.000009627 – which is a lot of zeros and a bit of confusion for anyone attempting to explain it at a dinner party 🥳. Trading volumes nearly tripled to 5.61 trillion tokens as people decided it was finally socially acceptable to panic collectively.
  • This wasn’t just a rogue frog on the loose; the CoinDesk 20 (CD20) index rose 4.3%, and the memecoin world got a 5% glow-up thanks to some whales who apparently mistook PEPE for sushi 🍣.
  • PEPE’s current safe zone hovers near $0.00000900, while resistance is around $0.000009681 – which is slightly above where most sane humans would consider investing. Open interest in PEPE futures has ballooned to nearly $600 million, because nothing says “fun weekend” like leveraged frog speculation 💹.

In the grand tradition of meme-inspired chaos, PEPE leapt over 6% in less than 24 hours as traders piled in like they were auditioning for a role in a space opera where everyone yells “To the moon!” 🚀. Trading volumes almost tripled, proving that math and common sense are optional in this particular corner of the universe.

The token awkwardly wiggled from $0.000009138 to $0.000009627, with volatility doing gymnastics over 7%. Meanwhile, volume surged to 5.61 trillion tokens, a number that would make even the most patient mathematician cry into their tea.

The wider crypto cosmos also experienced a minor gravitational shift. The CoinDesk 20 (CD20) rose 4.3% in the same period, probably to remind everyone that nothing makes sense but everything looks pretty on a graph.

Some of this cosmic capital chose to invest in high-risk altcoins like PEPE and speculative presale projects – a strategy not unlike juggling flaming chainsaws while blindfolded. The CoinDesk Memecoin Index (CDMEME) rose 5%, which, in the grand scheme of things, is either a miracle or a cruel joke.

Nansen’s data suggests that whales were hoarding PEPE like teenagers hiding snacks from their siblings. Top 100 non-exchange Ethereum addresses added 3.4% to their hoard, while exchange wallets shed 2%, presumably because they didn’t want to get slimed 🐸.

Support now huddles around $0.00000900, with resistance looming at $0.000009681. Price consolidation toward the end of the rally hints that PEPE might either leap higher or take a nap – nobody really knows.

Open interest in PEPE futures keeps rising toward $600 million, which is slightly terrifying and slightly exhilarating, depending on whether you like heart palpitations or just enjoy watching frogs dance on charts 💃.

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2025-10-01 19:46