PEPE Token Slides 12.66% Amid Meme Coin Volatility and $1.65B Trading Surge

PEPEUSDT experienced a significant price decline of approximately 12.66% over the past 24 hours, with the current price at $0.00001076 according to Binance data. This drop is primarily attributed to increased market volatility driven by global economic events, such as the introduction of new tariffs, as well as a broader bearish sentiment in the meme coin sector. Recent news coverage highlights the emergence of "Neo Pepe" and a surge in meme coin activity, which has heightened both trading volume and volatility. Despite strong community engagement and high trading activity ($1.65 billion in 24-hour volume), technical indicators and multiple analyst forecasts point to further potential declines, with short-term projections remaining cautious. PEPE currently has a market capitalization of about $4.56 billion and is ranked #28 on CoinMarketCap.