Pepe Cryptocurrency Suffers Significant Price Declines Amid Broad Selling Pressure

The Pepe cryptocurrency has been experiencing significant price declines in recent trading sessions, with a current value of $3.5E-6 and a daily decline of 10.36%. This downward trend is attributed to strong bearish control across all timeframes, with the asset trading decisively below its MA-20, MA-50, and MA-200.

The Pepe project has faced challenges in keeping pace with newer meme coin rivals, particularly in terms of ecosystem and product development. As a result, capital rotation within the sector continues to favor these newer projects, leading to weakening investor focus on top meme coins like Pepe.