PEPE Token Drops 13% Amid Bearish Sentiment, High Volatility, and $1.65B Trading Volume

PEPEUSDT has experienced a significant price decline of 13.24% over the past 24 hours, with the current price at $0.00001068 (Binance data). This drop is primarily attributed to a combination of bearish market sentiment, negative short-term forecasts from multiple analysts, and increased volatility across the memecoin sector. Recent news and technical indicators highlight caution among investors, with most sources predicting further downside risk in the near term. Despite this, PEPE remains highly traded, ranking #28 by market capitalization at $4.56 billion and recording a 24-hour trading volume of $1.65 billion. The asset continues to see active participation from its community, but prevailing sentiment and technical signals suggest heightened risk and ongoing price pressure.