PEPE's price has settled around $0.00000284, $0.000003, representing a market value of $1.18 billion to $1.19 billion and a daily trading volume of nearly $100 million to $112 million.
The cryptocurrency has been unable to break out of its narrow trading band, with analysts from Cryptopolitan predicting a top price of $0.000004 for June, but other models focusing on a tighter range around the current price.
A whale stack of 188.14 trillion PEPE tokens is now valued at approximately $534 million, accounting for about 45% of CoinMarketCap's circulating supply and roughly five times the daily trading volume.
The token has not seen a significant breakout despite recent attention from the ETF market, with the Canary Capital PEPE ETF filing not moving the chart. The failure to rally is attributed to the broader market's lack of response to US-Iran talks and the resulting drop in oil prices.