PEPE’s Golden Cross Sparks 10% Surge Amid Memecoin Frenzy
The frog-themed memecoin PEPE has surged by 10% to $0.00001049, driven by a bullish golden cross formation and a significant spike in trading volume. This technical indicator, often seen as a precursor to a sustained uptrend, has fueled optimism among traders. Hourly trading volume skyrocketed to 13.7 trillion tokens during the rally, while the CoinDesk Memecoin Index recorded an 11.4% increase sector-wide. PEPE's performance has notably outpaced the broader cryptocurrency market, which saw a 5.92% gain. As of July 6, 2025, the memecoin frenzy shows no signs of slowing down, with PEPE leading the charge.
PEPE Surges 10% as Golden Cross Hints at Extended Rally in Memecoin Frenzy
The frog-themed memecoin Pepe jumped 10% to $0.00001049, buoyed by a bullish technical formation and surging trading volume. A golden cross emerged on its chart—a signal traders often interpret as the start of a sustained uptrend.
Hourly volume spiked to 13.7 trillion tokens during the ascent, with the CoinDesk Memecoin Index rising 11.4% sector-wide. PEPE's rally outpaced the broader crypto market's 5.92% gain.
Technical analysis suggests support NEAR $0.0000101, with Fibonacci levels pointing to a potential test of $0.0000110 if momentum holds. The token briefly touched $0.00001077 before settling at current levels.
PEPE Slips 6% Amid Market Volatility as Whales Accumulate
PEPE, the frog-themed memecoin, dropped nearly 6% in 24 hours as geopolitical tensions surrounding Trump's tariff deadline rattled crypto markets. The token's price swung wildly across a 16.5% range, highlighting its sensitivity to macroeconomic signals during periods of thin liquidity.
Despite the selloff, blockchain data reveals whales are accumulating. Large addresses increased PEPE holdings by over 5% in the past month, now controlling $3 billion worth—more than 70% of circulating supply. Exchange reserves fell to a two-year low of 247.2 trillion tokens, down 3% since July.
Technicals show PEPE struggling below resistance at $0.0000106, with support emerging near $0.00000965. The descending channel pattern and distribution during price spikes suggest continued volatility ahead.
Pudgy Penguins and Angry Pepe Fork Lead Meme Coin Rally
Pudgy Penguins has surged 65% this week, igniting a frenzy in the meme coin market. Trading volumes have skyrocketed, drawing fresh capital into the sector. The rally has created a tailwind for newer projects like Angry Pepe Fork ($APORK), which combines meme virality with tangible utility.
Angry Pepe Fork has reached a new high of $0.0271, with its presale nearing $250,000. The project distinguishes itself through a tiered rewards system, offering up to 20% bonus $APORK tokens for early backers. Staking mechanisms further enhance yield opportunities, capitalizing on the current appetite for risk-on crypto assets.
