PEPE Token Falls 4.7% Amid Broader Memecoin Decline
Pepe (PEPE) has decreased by 4.7% in the last 24 hours, now priced at $0.000009499. The CoinDesk Memecoin Index also saw a drop of 3.87% during this period. This decline continues a trend of volatility and heavy selling. PEPE, once popular among retail investors, has lost momentum as interest shifts back to Bitcoin, which now holds over 65% market dominance, its highest level in two years.
Key points:
- PEPE traded within a 16.1% range, dropping from $0.00001017 to $0.00000940 between June 25 and June 26.
- Strong resistance at $0.00001013 was noted during significant selling on June 25.
- A support zone formed around $0.00000946–$0.00000950, with repeated price bounces.
- Price slightly decreased from $0.00000959 to $0.00000955 in the final analysis hour on June 26.
- A spike of 91.9 trillion units at 07:17 UTC on June 26 coincided with a brief 3.1% price rally.
- Final minutes showed a 0.9% slip, indicating short-term profit-taking.