PEPE Faces 10% Drop Amid $3.37M Short Position and Trump Social Media Spotlight

PEPE is currently trading at $0.00001305 with a 24-hour price decrease of 10.31% and significant trading volumes in the hundreds of millions of USD, maintaining a market capitalization near $5.67 billion and a circulating supply of approximately 420.69 trillion tokens. The recent price decline follows a period of heightened volatility and speculation, triggered by large-scale trading activity such as a $3.37 million USDC deposit and leveraged short position against PEPE, as well as increased attention from a social media post by Donald Trump referencing the token. Technical analyses indicate a potential breakdown of bullish momentum, with forecasts warning of a possible further 25% drop if support levels fail, while ongoing whale activity and meme-driven sentiment continue to drive sharp price swings.