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PEPE Surges 6% as Traders Fortify Key Support—Memecoin Index Jumps 7% in Defiant Rally

PEPE Surges 6% as Traders Fortify Key Support—Memecoin Index Jumps 7% in Defiant Rally

Author:
CoindeskEN
Published:
2025-07-16 11:39:42
20
3

PEPE Climbs 6% as Traders Defend Key Levels, Memecoin Index Gains 7%

Frogs fly as PEPE defies gravity—again. The meme token ripped 6% higher overnight as degenerate traders doubled down on critical support levels, dragging the broader memecoin index up 7% in their wake. No fundamentals? No problem.

Market movers vs. bag holders

While 'serious' investors obsess over Fed meetings and P/E ratios, PEPE's army of retail traders proved once more that memes move markets. The rally came despite zero protocol upgrades, no institutional adoption—just pure, uncut hopium and a collective refusal to let the frog drown.

When the music stops...

The memecoin pump conveniently ignores that 90% of these projects will eventually crater. But for now? Grab your popcorn—watching traders defend imaginary lines on charts with leveraged positions is Wall Street's best reality show.

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