PEPE is down 5% today, bringing its total losses for the month to more than 30%.
The free fall has left close to 70% of PEPE coin holders out of profit, raising serious investor concerns about its future.
The meme coin crash has caught up with yet another popular Joke currency – Pepe. Just like the more popular meme coins, Dogecoin and Shiba Inu, PEPE prices have been on a 3-month freefall.
It even set a new multi-month low of $0.0000064 after dipping by close to 5% in the last 24 hours, which extends its value loss for the month past 30%.
It is true that PEPE’s price action worsened over the last month, affected by the many negative macro factors acting on the larger crypto industry.
It, for example, had one of the worst reactions to the tariff crisis of the top 100 digital assets when it crashed 18%. However, it is also true that PEPE’s woes began long before the Trump tariffs came into effect.
What is keeping PEPE Down?
Among the top factors keeping PEPE coins down is the loss of investor confidence in the meme coin.
At the time of writing, on-chain analysis of the coin indicates that as much 68% of PEPE holders are out of profit.
This, combined with the growing bearish sentiment and the lack of trend reversal indicator insight, PEPE holders in profit have aggressively sold their mem coins to lock in profits, fearing the joke coin may crash below their entry price.
Memecoins like Pepe, Shiba Inu, and Dogecoin have also been greatly affected by the Libra scandal on Solana.
The $4.5 Billion scam has exposed the underbelly of the meme coins and piled on the negative sentiment already associated with digital assets with no real utility.
Will we see a Rebound?
The general consensus among investors, forecasters, and analysts is that PEPE will eventually rebound and possibly rally above $0.00004 before the end of the year.
The absence of a fundamental price driver implies that Pepe’s price will continue trading sideways as it reacts to the bearish-leaning and hugely unpredictable action of the larger crypto industry.
🚀 Don’t Miss the Next Big Crypto Move!
Our premium members received real-time alerts on major crypto plays before they happened. Will you be ready for the next one?
🔴 Latest Insider Alerts:
- 📢Buy The Dip Is Here (Feb 28th)
- 📢How To Know Whether BTC Will Set A Bottom This Week? (Feb 25th)
- 📢This Token Is Set To Emerge As An Outperformer as USD Breaks Down. (Feb 16th)
- 📢When Will This Market Finally Start Moving? (Feb 9th)
- 📢Will February 5th Come To The Rescue? (Feb 4th)
⏳ Limited Spots Available – Secure Yours Now!
