Pepe (PEPE), the frog-themed meme coin, has witnessed fluctuations in its price outlook within the last 48 hours. The meme coin, which shed one zero, has now reverted gaining gain as volatility hit the ecosystem amid a spike in selling pressure.
PEPE falls below key threshold
According to CoinMarketCap data, Pepe has added another zero in the last 24 hours as the price plunged by 10% following the massive sell-off on the broader market. As of press time, the PEPE price was changing hands at $0.000009658, representing an 8.58% decline from its previous value.
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Pepe’s performance had stunned the broader meme coin market as it soared to new highs. Notably, it peaked at $0.00001033 before profit-taking sentiment triggered sell pressure, resulting in rapid reversals.
This has also negatively impacted trading volume, as investors pulled back following the crash. Volume has declined by 47.41% to $751.56 million within the same time frame. This indicates very weak buying conviction among investors.
The massive drop in volume has dashed all hopes that PEPE could retest the price level that it achieved in May 2025. The frog-themed meme coin had soared to a high of $0.00001380 on the back of bullish sentiment some two months ago.
However, the current market has seen investors lean toward Bitcoin, whose dominance currently stands at 64.6%. This might explain the significant profit-taking move by market participants as they seek stability.
Can whales save PEPE’s price outlook?
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Since May, when the Pepe price slipped, it has struggled to find stability above the $0.000010 level. The meme coin lost approximately 60% of its value relative to the all-time high (ATH) of $0.00002825 that it attained in December 2024. This made it one of the worst performers in the ecosystem in May.
Pepe’s poor performance might stand a chance at reversal if ecosystem whales stop dumping their holdings on exchanges. This action negatively impacts the price outlook due to increasing selling pressure. If these large holders opt to mop up a good volume of PEPE in circulation, the price might reverse.
