PEPE lost 12% of its value in 24 hours, recording the worst performance among memecoins in the top 100 cryptocurrencies. This decline was triggered by the sale of $2.84 million in PEPE tokens distributed as rewards to FEELSGOOD holders on the StonkFun platform. Open Interest dropped from $400 million to $334 million, while trading volume fell from $1.32 billion to $727 million. Despite this correction, PEPE still shows weekly gains of approximately 27%. From a technical standpoint, the price could decline toward $0.0000030 before a potential rebound toward $0.0000050 or higher.
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