Despite holding the third position in terms of meme token market capitalization, Pepe (PEPE) has suffered a significant drop in value, losing over 70% within the past month.

Pepe’s Value Takes a 26% Dive in Two Weeks

Pepe (PEPE), the meme coin that initially surged upon its launch, has experienced a notable decline in value. After gaining real-world value on April 18, 2023, with a staggering 2,192% increase against the U.S. dollar, Pepe has faced a downward trend. Over the past seven days, it plummeted by more than 13%, resulting in a 26% drop according to a 14-day analysis. Exactly 30 days ago, on May 5, 2023, Pepe reached its all-time high (ATH) at $0.00000431 per unit.

PEPE/USDT via Binance on June 4, 2023, at 1:44 p.m. Eastern Time.

Since reaching its ATH, Pepe has experienced a massive 70% decline in USD value. In the last 24 hours alone, Pepe slid an additional 4.1% lower. Despite this decline, Pepe still maintains the third-largest market cap among meme coins, currently valued at $530 million. As of now, PEPE is ranked 84th out of 10,085 crypto assets listed on coingecko.com. In the past day, the meme coin, featuring the likeness of Pepe the Frog, generated a global trade volume of $57.25 million.

In comparison, the top two meme coin leaders, dogecoin (DOGE) and shiba inu (SHIB), have performed considerably better than Pepe over the past week. While Pepe experienced a 13% loss, DOGE gained 0.3% against the U.S. dollar, and SHIB saw a 1.3% decrease. Currently, there are 116,394 PEPE holders, with the top ten wallets controlling 41.67% of the coin’s supply. The top 100 richest PEPE holders possess 64.60% of the total supply.

Among the notable performers this week, iotex shiba (IOSHIB) surged over 200%, bullbear ai (AIBB) rose by 83%, and dyor token (DYOR) increased by 67% against the U.S. dollar. On the other hand, the top three meme coin losers include 3d3d (3D3D) down 59%, turbo (TURBO) down 49%, ignore fud (4TOKEN) down 36%, and wojak (WOJAK) declining by 35% in value. As of Sunday, June 4, 2023, the meme coin economy is valued at $16.96 billion, experiencing a marginal 0.1% decline in the last 24 hours.

We would love to hear your thoughts on Pepe’s recent 26% decline in value over the past two weeks. Please share your views and opinions on this subject in the comments section below.

Frequently Asked Questions (FAQs) about meme coin decline

What is the current value of Pepe, the meme coin?

Pepe, the meme coin, has experienced a significant decline in value, losing over 70% within the past 30 days. The exact current value can be obtained by checking the latest market data or cryptocurrency exchanges.

How has Pepe’s value changed over the past two weeks?

Over the past two weeks, Pepe’s value has declined by 26%. It experienced a surge after its launch, reaching a remarkable 2,192% increase against the U.S. dollar. However, it has since faced a downward trend, resulting in a notable decrease in value.

How does Pepe’s decline compare to other meme coins?

When compared to other meme coins, such as dogecoin (DOGE) and shiba inu (SHIB), Pepe’s performance has been less favorable. While Pepe experienced a 13% loss in the past week, DOGE gained 0.3% and SHIB decreased by 1.3%. It’s important to note that cryptocurrency markets are highly volatile, and these values can change rapidly.

Is Pepe still one of the top meme coins in terms of market capitalization?

Yes, despite the recent decline, Pepe still holds the third-largest market capitalization among meme coins. Its current market cap is around $530 million. However, market dynamics can change, so it’s essential to stay updated on the latest market trends and rankings.

What are some other meme coins that have performed well or poorly recently?

Among meme coins, iotex shiba (IOSHIB), bullbear ai (AIBB), and dyor token (DYOR) have experienced notable gains in value. On the other hand, 3d3d (3D3D), turbo (TURBO), ignore fud (4TOKEN), and wojak (WOJAK) have seen significant declines. These trends can vary, so it’s advisable to research and analyze the performance of meme coins before making any investment decisions.

More about meme coin decline

  • CoinGecko – CoinGecko provides comprehensive cryptocurrency market data, including rankings, charts, and price information.
  • Binance – Binance is a popular cryptocurrency exchange platform where you can trade various cryptocurrencies, including Pepe (PEPE).
  • Dogecoin – Official website of Dogecoin, one of the leading meme coins in the market.
  • Shiba Inu – Official website of Shiba Inu, another popular meme coin in the crypto market.
  • Crypto Market Capitalization – CoinMarketCap provides data and charts on the market capitalization of different cryptocurrencies.
  • Crypto News – A reliable source for the latest news and updates on the cryptocurrency market.

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