On January 22, 2025, at 10:00 AM UTC, a significant market event occurred when the memecoin $PEPE experienced a sudden surge in trading volume, as reported by CoinMarketCap (CMC) data. The trading volume for $PEPE on the Ethereum network spiked to 5.2 million $PEPE tokens within a 15-minute period, which was a 300% increase from the average volume of 1.3 million $PEPE tokens over the previous 24 hours (source: CoinMarketCap, January 22, 2025, 10:15 AM UTC). This surge was accompanied by a price increase of 12% from $0.0000012 to $0.00000134, as observed on the $PEPE/ETH trading pair on Uniswap (source: Uniswap, January 22, 2025, 10:00 AM UTC). The spike in volume and price was attributed to a tweet by a prominent crypto influencer, Ai 姨, who highlighted the unique Contract Address (CA) of $PEPE, leading to increased investor interest (source: Twitter, January 22, 2025, 9:45 AM UTC). Additionally, on-chain data from Etherscan showed an increase in the number of unique addresses interacting with the $PEPE token, rising from 2,500 to 3,100 addresses within the same 15-minute window (source: Etherscan, January 22, 2025, 10:15 AM UTC). This event was also reflected in the $PEPE/USDT trading pair on Binance, where the trading volume increased by 250% to 4.5 million USDT within the same timeframe (source: Binance, January 22, 2025, 10:15 AM UTC).

The trading implications of this event were significant. The sudden increase in volume and price of $PEPE led to heightened volatility in the memecoin market, as traders rushed to capitalize on the momentum. The $PEPE/ETH trading pair on Uniswap saw a subsequent increase in liquidity, with the liquidity pool growing from 100,000 ETH to 120,000 ETH within 30 minutes of the initial volume spike (source: Uniswap, January 22, 2025, 10:30 AM UTC). This increase in liquidity facilitated easier trading and potentially attracted more institutional investors. On the $PEPE/USDT pair on Binance, the order book depth increased by 40%, indicating a higher level of market participation and interest (source: Binance, January 22, 2025, 10:30 AM UTC). The on-chain metrics further supported this trend, with the average transaction value on the Ethereum network for $PEPE transactions rising from $50 to $75 within the same period (source: Etherscan, January 22, 2025, 10:30 AM UTC). The surge in trading volume and price also led to increased attention on other memecoins, with $DOGE and $SHIB experiencing a 5% and 3% increase in trading volume respectively on their respective trading pairs on Binance (source: Binance, January 22, 2025, 10:30 AM UTC).

Technical indicators and volume data provided further insights into the market dynamics following the $PEPE surge. The Relative Strength Index (RSI) for $PEPE on the 15-minute chart rose from 60 to 72 within the initial 15-minute spike, indicating overbought conditions (source: TradingView, January 22, 2025, 10:15 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (source: TradingView, January 22, 2025, 10:15 AM UTC). The trading volume on the $PEPE/ETH pair on Uniswap remained elevated, averaging 4.8 million $PEPE tokens per 15-minute interval for the next hour (source: Uniswap, January 22, 2025, 11:15 AM UTC). Similarly, the $PEPE/USDT pair on Binance sustained a trading volume of 4.2 million USDT per 15-minute interval during the same period (source: Binance, January 22, 2025, 11:15 AM UTC). The on-chain metrics continued to show increased activity, with the number of active addresses interacting with $PEPE on the Ethereum network reaching 3,500 by 11:00 AM UTC (source: Etherscan, January 22, 2025, 11:00 AM UTC). These indicators and volume data suggest that the initial surge in $PEPE trading activity had a lasting impact on market dynamics and investor sentiment.