PEPE Token Faces 4.94% Drop Amid Market Volatility, Trading Volume Surges to $165M on Binance

PEPEUSDT experienced a 4.94% price decline over the past 24 hours, with the current price at 0.00000885 USDT on Binance. This recent drop is primarily attributed to broader market uncertainty and increased volatility, as evidenced by an 18% decline on June 22, 2025, and ongoing speculative trading activity. A brief recovery was noted following a social media post by Elon Musk, but overall sentiment remains cautious amid fluctuating market conditions. Trading activity remains robust, with notable open interest and a 24-hour trading volume of 165.54 million USDT, reflecting continued high levels of speculation and liquidity in the PEPEUSDT market.