PEPE Bleeds Out as Meme Coin Momentum Fades – Is the Bottom In or Just Beginning?

The price of third biggest meme coin Pepe ($PEPE) is trending downwards as the asset takes an 8% hit in 7 days to trade at $0.000007034 as of this writing.

However, in the last 24 hours, the meme coin has retained its value better than most of its peers among the best meme coins.

The $24.3 billion cap market leader, Dogecoin ($DOGE), dropped 3.3% in the last 24 hours and around 7% over the last seven days. Meanwhile, its biggest rival, the $7.1 billion cap Shiba Inu ($SHIB) mirror it, dropping 3.5% on the day and around 7.3% on the week.

The collective market capitalization of the meme coin sector fell 3% overnight and now stands at $49.9 billion.

This is broadly reflective of wider market movements. Crypto’s entire market fell 3.9% overnight down to $2.74 trillion.

Pepe Price Analysis – Where is PEPE Heading Next?

The Ethereum-based Pepe ($PEPE) launched in April 2023 and has since blown up to become the industry’s third-biggest meme coin and its biggest non-doge meme asset with a hefty market cap of just over $2.95 billion.

Originally inspired by the eponymous character in Max Furie’s webcoming Boy’s Club, the Pepe avatar has gone on to achieve viral fandom. He even became a political statement in 2019, when he was spotted in the Hong Kong protests.

Since then, PEPE has entrenched itself as the third biggest meme coin. However, it’s facing increasing competition from US President Donald Trump’s official $TRUMP meme coin, which has a $2 billion market cap.

That said, the coin is closely following Dogecoin’s movements right now, which in turn are tracking Bitcoin’s. We are unlikely to see any serious deviation unless the meme coin gains more utility.

Pepe briefly rose to a March high of $0.000009 on March 26, but it has since had a selloff that has depreciated its value by 22% in the last five days.

The token’s relative strength index (RSI) is 47 and rising, after briefly sinking below 30 across the weekend. This signals the end of the selloff as people buy back in, making this moment the end of the dip, and a good place to buy in for those who believe in Pepe.

Meme Coin Fans Raise $7 Million for MIND of Pepe’s AI Agent

Pepe might be in a downturn, but one Pepe-themed meme coin is attracting millions of dollars of smart money by redefining the meme coin.

Enter MIND of Pepe ($MIND), an advanced AI Agent that provides real utility, rewards and actionable trading insights.

This pioneering project equips $MIND holders with AI-powered market analytics, predictive insights, and investment strategies gleaned from across social media through its automated Telegram and X accounts.

The project’s ultimate goal as a result is to foster a robust AI oracle that serves its community with a blend of entertainment and functionality.

MIND of Pepe is quickly gaining traction thanks to its beguiling premise. Launch day investments hit $500,000 within 24 hours, and the intelligent Pepe meme coin has taken in well over $7.7 million so far.

People are buying into MIND of Pepe because of its first-mover status as one of the first meme coin AI Agents, and exceptionally high staking yield over the presale period, which currently offers returns as high as 290% APY, although this is variable and declines as more people stake.

With AI revolutionizing every sector, MIND of Pepe positions itself at the intersection of innovation and meme coin culture.

Stay connected with MIND of Pepe on X and Telegram.