PEPE Plummets 5% as Meme Magic Fizzles—Even Elon’s April Endorsement Can’t Save It

Another day, another meme coin reality check. PEPE—the frog-themed crypto that rode Elon Musk's April tweet to fleeting glory—just bled out another 5% as traders finally remembered these assets have zero fundamentals.

When the hype dies, so does the price. No amount of billionaire meme-retweets changes that.

Funny how these 'community-driven' projects always crash hardest when the crowd moves on to the next shiny thing. Maybe next time, investors will actually read the whitepaper before FOMO-ing in. (Spoiler: They won't.)

Technical analysis highlights

• PEPE-USD traded within a 16.1% range, falling from $0.00001017 to $0.00000940 between 25 June 09:00 and 26 June 08:00 UTC.
• Strong resistance formed at $0.00001013 during heavy selling between 25 June 14:00 and 16:00 UTC.
• A short-term support zone developed at $0.00000946–$0.00000950, where price bounced repeatedly on moderate volume throughout late 25 June and early 26 June.
• During the final 60 minutes of the analysis window, from 26 June 07:07 to 08:06 UTC, price moved from $0.00000959 to $0.00000955.
• A spike of 91.9 trillion units at 07:17 UTC on 26 June coincided with a brief 3.1% rally.
• Prices slipped 0.9% in the final minutes before close, reflecting short-term profit-taking.