Pepe didn’t just enter the meme coin conversation—it started it. At a price of $0.00001286, it still holds strong cultural weight and meme legitimacy. But its recent charts paint a more muted picture. Despite a 1.69% gain over the past 24 hours, the token is down 9.85% over the last week and up only 8.98% over the month. With a $5.41 billion market cap, those swings aren’t small. They’re seismic.
From its origins as an internet meme turned crypto legend, PEPE has built a meme cult that few projects can rival. However, high expectations often come with considerable pressure. It peaked at $0.00002825 back in December 2024. Since then, its performance has ribbited downward, and traders are wondering if this frog still has legs. Especially when smaller, hungrier tokens are bringing more than just nostalgia.
Pepe’s identity remains strong, but its roadmap is a mystery, and its tokenomics no longer reward long-term holders as they once did. While the frog still hops in and out of trend cycles, its moves are now heavily dependent on macro sentiment and external influencers. With so much of its supply already distributed, the room for massive growth may be narrowing—unless a new narrative takes hold.
