The PEPE token has experienced a noticeable decline, falling approximately 4% within the past 24 hours, with some sources reporting a sharper drop of up to 6.6%, reflecting broader negative momentum in the memecoin sector. This downturn occurs amid wider fluctuations in the cryptocurrency market and precedes the release of significant US inflation data, factors that contribute to cautious trading behavior. Prior to the decline, PEPE’s price was near $0.0000113 to $0.0000114, continuing a downward trajectory that has seen the token lose around 26% over the past month, dropping from a high of $0.00001474 to lows near $0.00000874. Understanding the difference between market capitalization and fully diluted valuation is crucial to assessing PEPE’s true value potential in this context.
PEPE token declines up to 6.6%, continuing a 26% monthly drop amid cautious market sentiment.
The memecoin sector, including PEPE, has particularly underperformed compared to broader cryptocurrency market gains, with trading volumes cooling and investor interest becoming more reserved. This sector’s sentiment remains neutral to bearish, marked by frequent volatility and inconsistent participation from retail traders. External macroeconomic factors, such as ongoing inflation concerns and global economic uncertainties, have further pressured memecoin valuations, contributing to PEPE’s weakening price action despite the overall market’s mixed performance. Although PEPE is trading in an environment characterized by a “Greed” sentiment index, this has not provided sufficient upward momentum to counterbalance selling pressures. Currently, PEPE’s market cap stands at over $3.6 billion, underscoring its significant presence in the memecoin space. Additionally, PEPE is currently trading below both its 50-day and 200-day SMAs, signaling sustained bearish momentum.
Technical analysis reveals that PEPE faces resistance near the $0.000012 level, a threshold that it has struggled to maintain, suggesting the potential for further declines if this resistance holds firm. Support zones are identified between $0.000009 and $0.000010, which may provide temporary floors should downward pressure persist. Despite these challenges, whale accumulation of PEPE tokens has increased by approximately 1.5% among the top 100 holders on Ethereum over the last month, indicating some confidence in the token’s longer-term prospects. This accumulation contrasts with the declining activity among smaller investors, highlighting a divergence in market participation.
Short-term forecasts remain cautious, with projections indicating possible declines up to 23% within days, potentially reaching around $0.000009 by mid-August 2025. Price fluctuations are expected to continue between approximately $0.00000845 and $0.000012 over the following months, reflecting ongoing volatility and sensitivity to both market sentiment and macroeconomic developments. Analysts generally advise prudence given the sector’s current weakness and the absence of clear signals for sustained recovery in PEPE’s price trajectory. Investors should remain aware that dilution effects can substantially impact shareholder value, especially in tokens with significant future supply increases indicated by their fully diluted valuation.
