Against the backdrop of a broad market correction, the price of Pepe (PEPE) is facing a sharp decline. The price of this frog-themed meme coin has added a zero after the decimal point. According to CoinGecko's PEPE data, its price has been falling across nearly all time periods. The daily chart shows a correction of 3.7%, the weekly chart shows a correction of 5.2%, the 14-day chart shows a correction of 11.3%, and there is a 21% rise month-on-month. Despite the strong momentum, this meme coin is still up 10.7% since August 2024.
Will Pepe recover from the price crash, or is the worst yet to come?
The price of PEPE is plummeting amid a larger market correction in the cryptocurrency market. Bitcoin (BTC) has fallen below the $110,000 mark. The drop in BTC's price may raise new concerns among investors about a long-term market correction. The BTC price may continue to decline to around $108,000. The asset has ample liquidity in this price range.
If the decline in BTC stops, the price of PEPE may face some degree of stability or consolidation. The current market trend remains unclear. Historically, September has been one of the worst-performing months for the cryptocurrency market. If the bearish pattern continues in September 2025, we may see further corrections. Macroeconomic factors and global trade wars may also pose unforeseen challenges to the cryptocurrency market.
Pepe (PEPE) is a meme coin, one of the highest-risk types of coins in the market. Meme coins are easily influenced by online discussions. Rate cuts usually benefit risk assets. The likelihood of the Federal Reserve cutting rates by 25 basis points next month is high. A decline in interest rates could cause the cryptocurrency market to deviate from historical trends and turn bullish in September.
However, the bearish pattern in September and the rate cuts may offset each other, leading to stable prices. It remains to be seen how the market will trend in the coming weeks.
