While many crypto assets are trading in the green zone today, Pepe (PEPE) continues to dip, glowing red across all time frames. According to CoinGecko’s PEPE statistics, the memecoin is down 0.6% in the last 24 hours, 5.1% in the last week, 15.7% in the 14-day charts, 13.5% over the previous month, and more than 46% since March 2025. Moreover, the frog-themed crypto has dipped by more than 88% from its all-time high of $0.00002803, which it attained in December 2024. Let’s discuss whether PEPE’s price will continue to crash or will it rebound following the latest market reversal.
Can PEPE Rebound From Its Price Crash?
PEPE saw an incredible rally towards the end of 2024, following Bitcoin’s (BTC) ascent to the $100,000 mark for the first time. Most other memecoins also experienced substantial gains around the same time. However, the coin has been on a downward trajectory since its December 2024 peak.
The crypto market saw some relief earlier today, with Bitcoin (BTC) reclaiming the $70,000 price level. While many other crypto assets followed BTC’s lead, PEPE and other memecoins continue to struggle. The lackluster performance could be due to the risk-off approach taken by investors. While Bitcoin (BTC) and some other cryptocurrencies appear like attractive investments given the low prices, PEPE, being a memecoin, may seem riskier.
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Many anticipate a rise in liquidity amid higher chances of an interest rate cut to combat potential inflation spikes. An interest rate cut could lead to investors taking on more risks. Such a development could benefit Pepe (PEPE) and other memecoins. However, the last two interest rate cuts did not see positive price movements in the crypto market, most likely due to increased volatility arising from macroeconomic uncertainties and geopolitical tensions. PEPE could continue its downtrend over the coming months until tensions in the Middle East cool off.
