After weeks of euphoria, the memecoin #pepe faces a tough correction. Although the sales volume is high, its decline could indicate a trend change. The drop coincided with the massive sell-off of tokens by influencer Arthur Hayes, which generated panic in the market.

However, it is also possible that this is just a simple technical correction. While waiting for Bitcoin to regain momentum, $PEPE must defend key levels like $0.00000970 to avoid a deeper fall.