$PEPE’s market cap hit $10.5 billion before a pullback, creating what many see as a potential strategic buying opportunity for investors. Pepe coin has maintained a strong presence in the cryptocurrency market, with recent developments and technical analysis pointing to its continued potential for growth.<\/p>\n
The token has benefited from heightened visibility, with figures like Elon Musk referencing frog-themed tokens, which many interpret as indirect support for Pepe coin. Moreover, its recent listing on Coinbase<\/a> has been instrumental in driving trading volume, solidifying $PEPE’s rank as the fifth most-traded meme token.<\/p>\n However, Pepe coin, along with the broader meme coin market, experienced a double-digit decline as whales redirected funds to other sectors. According to the latest update from Spot On Chain<\/a>, a whale recently sold 130 billion $PEPE tokens worth $2.71 million for 891 $ETH over the past three days.<\/p>\n This sell-off has intensified Pepe coin’s decline, pushing its pullback to over 24% from its all-time high (ATH) of $0.0000252. This article analyzes Pepe coin’s potential price movement, discussing the extent of its decline and the chances of a strong rebound.<\/p>\n