Meme Coin Pepe Sees Steep Decline in 30 Days, Losing 70% Since All-Time High

According to statistics, the meme coin plus pepe (PEPE) inactive holds the 3rd presumption successful presumption of the largest meme token marketplace capitalization. However, PEPE has mislaid implicit 70% successful worth during the past 30 days.

Pepe Value Slides 26% Lower Over the Past 2 Weeks

The meme coin pepe (PEPE) has experienced a important diminution successful worth precocious aft an initial surge erstwhile the token was launched. The token gained real-world worth connected April 18, 2023, and since then, Pepe has risen 2,192% against the U.S. dollar. However, implicit the past 7 days, Pepe has dropped much than 13%, and according to 14-day statistics, it is down implicit 26%. Additionally, precisely 30 days agone connected May 5, 2023, the meme coin reached its all-time precocious (ATH) astatine $0.00000431 per unit.

Since reaching its ATH, PEPE has mislaid implicit 70% of its USD value. In the past day, PEPE has slid 4.1% lower. Despite the decline, PEPE inactive holds the third-largest marketplace headdress among meme coins, presently astatine $530 million. At the clip of writing, PEPE is ranked 84 retired of the 10,085 crypto assets listed connected coingecko.com. Over the past 24 hours, the meme coin, which features the likeness of Pepe the Frog, has experienced a worldwide commercialized measurement of $57.25 million.

The apical 2 starring meme coin crypto assets, dogecoin (DOGE) and shiba inu (SHIB), person performed importantly amended than PEPE successful the past week. While PEPE experienced a 13% nonaccomplishment during this period, DOGE has gained 0.3% against the U.S. dollar, and SHIB is down 1.3%. Currently, determination are 116,394 PEPE holders, and the apical 10 wallets clasp 41.67% of the coin’s supply. The apical 100 richest PEPE holders power 64.60% of the full proviso of this meme coin asset.

Meme coins that person performed notably good this week see iotex shiba (IOSHIB), which has surged implicit 200%, bullbear ai (AIBB) with an 83% increase, and dyor token (DYOR) up 67% against the U.S. dollar. On the different hand, the apical 3 meme coin losers are 3d3d (3D3D) down 59%, turbo (TURBO) down 49%, disregard fud (4TOKEN) down 36%, and wojak (WOJAK) dropping 35% successful worth this week. As of Sunday, June 4, 2023, the meme coin system is valued astatine $16.96 billion, experiencing a flimsy 0.1% diminution successful the past 24 hours.

What are your thoughts connected Pepe’s caller 26% diminution successful worth implicit the past 2 weeks? Share your views and opinions astir this taxable successful the comments conception below.