PEPE Plummets 4%—Memecoin Mania Stumbles as Crypto Market Outpaces Joke Assets

Frogs fall flat. PEPE—the meme token that rode viral hype to absurd valuations—tanked 4% today as speculative assets lagged behind Bitcoin and blue-chip altcoins.

Memecoins: All sizzle, no steak? While the broader crypto market churns toward utility and institutional adoption, PEPE and its cartoonish peers keep swinging on trader whims. No roadmap, no revenue—just vibes and a prayer for the next greater fool.

Wake-up call or buying opportunity? Degens might see a dip to ape into, but sober investors note the pattern: memecoins bleed faster than they pump when sentiment shifts. Meanwhile, Ethereum ETFs just cleared another regulatory hurdle. Priorities, people.

Bonus jab: Nothing says 'mature asset class' like tokens named after internet jokes. (Looking at you, WIF.)

Technical Analysis Overview

PEPE traded in a $0.0000081 range over the past 24 hours, marking a 7% spread between the high and low, according to CoinDesk Research's technical analysis data model.

The peak came at $0.0000126621, but repeated breakout attempts above $0.000012 met selling pressure. Critical intraday support was tested around $0.0000118094. The token then moved into a tight consolidation channel between $0.00001181 and $0.00001198, signaling indecision among traders.

The day ended with Pepe settling at $0.0000118, slightly above support but under clear distribution pressure from sellers. Unless its price can reclaim and hold above the $0.000012 resistance zone, momentum may favor a retest of lower support levels.

Volume patterns during the session suggest waning buyer strength compared to earlier in the week, which could limit the chances of a sustained upside breakout without renewed market catalysts.