Pepe Investors Panic as Prices Drop – Is a Total Collapse Near?

Author

Michael Davis

Author

Michael Davis

Author Profile

Share

Copied

Last updated:

February 10, 2025 14:33 EST

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Pepe (PEPE) investors are in a state of panic as the pullback from early December highs above $0.000028 deepens, and the threat of a total market capitulation rises.

The Pepe price was last just below $0.000010, a drop of more than 65% from December’s peak, with the bulk of the decline coming since US President Trump launched his meme coin just before his election.

This meme coin launch by the President dealt a devastating blow to the meme coin space, with most tokens down significantly since its launch.

TRUMP appeared to have sucked up a significant amount of liquidity in the space, including from new crypto investors who might have otherwise been tempted to buy into pre-existing meme coins like PEPE.

Moreover, the Trump meme coin launch marked significant dilution in the meme coin space, and could act as a green light for a wave new token launches from all sort of big names, brands and celebrities, leading to further dilution.

Total Capitulation Incoming?

Pepe technicals also tell a bearish story. The meme coins abrupt collapse in recent weeks has seen it fall below all of its major moving averages, as well as key support at $0.000017, $0.000013 and $0.000011.

Its even broken below an uptrend from its August lows. All said, a retest of last summer’s lows in the $0.000006 area look very possible.

A break below here could open the door to a total capitulation all the way back 2023/early 2024 levels under $0.000002.

For those who believe the US President dealt a death blow to meme coins might want to exit before things go from bad to worse.

Of course, that’s the extremely bearish case. Much more likely is that major meme coins like Pepe enjoy some sort of comeback in 2025/2026, assuming broader crypto adoption continues and financial conditions ease.

Anyone can launch a new meme coin token, but achieving the level of community and investor devotion enjoyed by big meme coins like Pepe is a very difficult feat.

Best Meme Coin to Buy to Ride Market Recovery

Assuming tokens like Pepe enjoy a rebound in 2025 from their current depressed levels, an innovative new meme coin called Meme Index ($MEMEX) might be the best crypto to buy now.

Meme Index ($MEMEX) launched in December 2024 and has been creating massive early buzz as it sets out to revolutionize meme coin investing with diversified indices.

The project has attracted significant interest, raising over $3.5 million, with investors intrigued by its plans to offer indices like Titan, Moonshot, and Frenzy, catering to various meme coin investing risk appetites.

The token’s potential for strong performance in 2025 is supported by high staking rewards (up to 650% APY) encouraging retention, and a governance model allowing community input on index composition.

If meme coins flourish during a crypto bull run, Meme Index’s strategy could yield notable returns.