Like most meme coins, PEPE’s price depends more on social energy than technical fundamentals. It doesn’t rely on adoption or blockchain innovation. Instead, its value is driven by sentiment, attention, and market momentum.
One of the biggest factors is investor mood. When the market feels optimistic, traders rush into high-risk, high-reward assets like PEPE. In bullish cycles, this can lead to massive price spikes. But when fear returns, meme coins are often the first to suffer, with prices dropping sharply.
Hype cycles also play a huge role. In 2023 and 2024, PEPE led the way during several meme coin frenzies. During those periods, nearly all meme tokens surged, and PEPE often outperformed thanks to its early brand recognition. If another meme wave returns, PEPE could benefit again.
Other important price factors include:
Sudden volume spikes,
Social media trends (especially X and TikTok),
Crypto influencer endorsements,
Broader macroeconomic conditions,
General risk appetite among retail traders.
In the end, PEPE doesn’t follow traditional valuation models. It moves when attention moves. If people talk about it, price goes up. If interest fades, so does the value.
Understanding this pattern is very important. PEPE’s future price won’t come from product adoption or utility — it will come from culture, memes, and mass emotion.
