Pepe Coin (PEPE) is currently experiencing a significant bearish trend. As of May 2025, its price has plummeted over 70% from its 2024 peak, trading around $0.0000068.

Several factors contribute to this decline:

• Whale Sell-Offs: Large holders have been offloading substantial amounts of PEPE. Notably, a whale sold 427 billion tokens worth $8.5 million on Kraken, intensifying selling pressure.

• Decreased Network Activity: Daily active addresses have dropped from 7,319 in early February to 3,611, indicating waning user engagement.

• Technical Indicators: The Relative Strength Index (RSI) stands at 33, approaching oversold territory, while a “death cross” pattern has formed, signaling potential for further declines. $PEPE $ETH $BTC