PEPE Plunges 15% as Trading Volumes and On-Chain Activity Collapse

Meme coin PEPE faces brutal 15% downside pressure as market activity evaporates overnight.

Volume Vanishes

Trading volumes cratered—no surprise when retail traders finally realize they're playing with digital confetti instead of actual assets. On-chain metrics paint an even bleaker picture with network activity dropping faster than a hot microphone at a central bank meeting.

The Perfect Storm

Liquidity drains while holders scramble for exits. Another classic case of 'number go down' technology outperforming traditional finance's 'number go up' promises—just with more frog memes and less regulatory oversight.

Technical Analysis Overview

PEPE showed volatility during the latest trading cycle, with a 5% range between $0.000010028 at the high and $0.000009567 at the low, according to CoinDesk Research's technical analysis data model.

A rally earlier in the week briefly pushed prices to the $0.000010000 mark on volume of 2.6 trillion tokens, but the move stalled and sellers regained control.

Since then, the token has drifted lower, testing $0.000009610, a 4% pullback from recent highs. Hourly trading also showed resistance forming NEAR $0.000009640 despite sharp volume spikes above 89 billion, suggesting distribution rather than accumulation.