$PEPE

Pepe Coin Market Update: A Closer Look at the Meme Coin's Performance

Pepe Coin ($PEPE) has had a turbulent journey in the crypto market. While recent weekly charts show signs of strength, a broader, one-year perspective reveals a more sobering reality.

At its peak, Pepe Coin reached an eye-popping $11 billion market cap. However, it has since corrected sharply to around $3 billion. Such retracements are not uncommon among meme coins, which are known for their high volatility.

Historically, meme coins often suffer drawdowns of over 90% during bear markets. $PEPE has already declined approximately 82% from its all-time high, suggesting there could still be room for further downside if market conditions worsen.

As of now, the market cap sits at roughly $3 billion, with the entire supply of 420 trillion coins already in circulation. Trading volume has dropped significantly, and the current price levels have retraced to those seen in August–September 2024—effectively wiping out gains from the fourth quarter.

Despite the dip, $PEPE maintains a massive online following with over 790,000 social media followers. However, the community-driven buzz largely revolves around memes and viral content rather than concrete developments or utility-based updates.

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