While some hint at a further decrease to the $0.0000004 mark, others predict a steep decline. Notably, while competitors like Dogecoin and Shiba Inu maintained stability, $ PEPE’s value fell by 9% in comparison.Įxperts have varied predictions on Pepe’s future trajectory. The token’s value now stands at $0.00000068, marking an 85% nosedive from its all-time high. However, influencers voiced skepticism and expressed regret over their investment.īesides this debacle, Pepe’s Telegram account faced security issues, fueling the fire. The official Pepe Twitter account tried damage control by blaming a few insiders. Hence, seasoned traders and whales became skeptical, leading to a sell-off frenzy. In addition, the protocol to access this wallet shifted from 5 signatures to just 2. Significantly, the red flags began when the token’s developers offloaded $15.7 million from the main wallet. The market capitalization of PEPE climbed by 3.17% to $269.29 million while the 24-hour trading volume declined by 7.24% to $52.53 million. PEPE/USD 24-hour price chart (source: CoinStats)
