Markets
What to know:
- PEPE has slipped almost 5% in the last 24 hours and is down nearly a quarter of its value in the past week. Oops.
- Trading volume has surged like a caffeine-fueled squirrel, reflecting increased volatility, while technical analysis is throwing out bearish signals. It’s like that dark cloud over your head on a sunny day.
- Despite all this doom and gloom, some long-term holders are still buying in. And one optimistic fellow, Pepe Whale, insists PEPE will hit a new all-time high this month. Good luck with that, mate.
So, here we are again, folks. PEPE, the memecoin of meme dreams, is taking a bit of a nosedive. It’s shed about 5% in the last 24 hours and nearly a quarter of its value in the last week. You know, just a casual dip in the ocean of digital currency crashes.
With PEPE now sitting at a totally not-so-impressive $0.0000075 and a market cap floating somewhere around $3 billion (hey, it could be worse), the memecoin is feeling the weight of bearish signals. According to CoinDesk Research’s technical analysis data model, things don’t look too promising. It’s like trying to climb a ladder, only to realize it’s leaning against a sinking ship.
Oh, and trading volume? Well, it surged to nearly $927 million in the last 24 hours, which is as chaotic as a Black Friday sale. And with PEPE down 31% this year, it’s safe to say it’s been a bit of a rollercoaster ride… minus the fun bits. During the $500 billion crypto sell-off, PEPE plunged more than 30% in one hour, as 2.2 trillion tokens jumped ship. That’s one way to throw a party.
But not everyone’s running for the hills. Some long-term holders are still buying up PEPE like it’s going out of style, and one determined individual, known only as Pepe Whale, has audaciously declared that this month will see a new all-time high. Well, bless their optimistic heart.
Meanwhile, PEPE whales-those mythical creatures of the memecoin world-have shed over 0.5% of their holdings in the past week. Funds on exchanges have also dropped by 0.33% in the same period. Looks like even the whales are starting to feel a little seasick.
In case you were wondering, the broader memecoin sector isn’t doing any better, with the CoinDesk Memecoin Index (CDMEME) sinking by 23.4% in the last 24 hours. It’s almost as if the memecoin market is on a never-ending vacation to the Bermuda Triangle. Stay tuned for more tales of digital treasure and doom!
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2025-10-14 21:10