PEPE (Pepe) fell 4.79% in the last 24 hours.

Gate News Bot message, September 26, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000091589, down 4.79% in the last 24 hours, with a high of $0.0000108482 and a low of $0.0000088837. The 24-hour volume reached $809 million. The current market capitalization is approximately $3.853 billion, a decrease of about $194 million compared to yesterday.

PEPE is a commemorative meme token with no intrinsic value or financial return expectations. The project has no official team or roadmap, and the token is completely useless and intended solely for entertainment purposes. PEPE aims to revive the status of meme coins through pure meme power. The token is released in a stealth manner, with no presale, zero taxes, liquidity burned, and the contract relinquishing ownership, claiming to be a coin that belongs to the people forever.

Important news about PEPE recently:

1️⃣ Market fluctuations intensify, prices continue to fall

The price of PEPE has shown a continuous downtrend recently. It has further declined from 0.0000096261 USD on September 23 to 0.0000091589 USD, a drop of 4.79%. This continuous decline reflects an increasing bearish sentiment in the market towards PEPE, which may affect investor confidence.

2️⃣ market capitalization has shrunk significantly, with a loss of nearly 200 million dollars in the short term.

The market capitalization of PEPE dropped from $4.05 billion to $3.853 billion in just three days, a decrease of nearly $200 million. This significant reduction in market capitalization indicates that investors are quickly retreating, possibly due to heightened concerns about the overall outlook for the meme token market.

3️⃣ Volume remains high, indicating that market activity is still strong.

Despite the price fall, PEPE's 24-hour volume remains at a high level of 809 million USD, showing no significant decrease compared to the previous days. This indicates that market participation is still high, and there may be a lot of short-term speculative activity.

From a technical perspective, the price of PEPE has fallen below the previous low of 0.0000093907 USD, setting a new recent low of 0.0000088837 USD, indicating that downward pressure remains significant. Fundamentally, PEPE, as a purely meme token, lacks substantial value support, and its price movements are primarily influenced by market sentiment and speculative behavior, which may be the fundamental reason for its continuous price decline.

This message is not intended as investment advice. Investors should be aware of market volatility risks.