Popular Memecoin Pepe is under renewed pressure that throws approx. 5% over the last 24 hours and almost a quarter of its value in the last week.
With a current price of $ 0.0000075 and a market capital that hovers around $ 3 billion, Pepe is facing mounting bearish signals that can expand the recent downturn, according to Coindesk Research’s technical analysis data model.
Trade volume rose to nearly $ 927 million in the last 24-hour period, reflecting increased volatility.
Pepe is already down by 31% this year. During the recent Crypto sales of $ 500 billion, it fell more than 30% in an hour when the volume was spiked to over 2.2 trillion tokens.
Still not all bearish. Some long-term holders are accumulating and an X user known as Pepe Whale has called for a new highlight of all the time this month.
According to Nansen, Pepe whales have gotten rid of over 0.5% of their holdings over the past week, while funds on stock exchanges fell by 0.33% in the same period.
The wider Memecoin sector based on the Coindesk Memecoin Index (CDMEME) is down 23.4% over the past 24 hours.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
