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The PEPE token price slumped by 14.91% in the past 24 hours and was trading at $0.00000119 at press time.
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The Pepe price fell below the 200-Day EMA suggesting weakness in the long term trend.
PEPE is a memecoin that pays homage to the popular internet meme Pepe the Frog. It is a deflationary token that works on Ethereum and has no taxes or utilities.
It aims to become one of the major meme currencies alongside Shiba Inu and Dogecoin. PEPE has seen a significant increase in its value by 2023, reaching a market capitalization of $1.6 billion and creating a memecoin craze.
Furthermore, it has a three-step process to achieve “meme acquisition” by listing on various platforms. PEPE uses the cultural significance of Pepe the Frog to attract loyal and passionate crypto fans.
Source: CoinMarketCap
The PEPE crypto price has experienced a significant drop in the recent sessions. The recent price drop in the crypto price exhibits fading buyer interes
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