PEPE reached an ATH of $0.00002825 in December
Pepe, the meme-inspired cryptocurrency that gained significant attention in the past year, has experienced a dramatic drop in value, much to the dismay of its fans and investors. At its peak in early December 2024, PEPE reached an all-time high of $0.00002825, capturing the crypto community’s imagination. But fast forward to today, and the once-booming coin has seen a steep decline, plummeting by nearly 79%.
This downturn has been exacerbated by the emergence of a “death cross” pattern—a technical indicator that traditionally signals a bearish trend. In simple terms, a death cross occurs when a shorter-term moving average, typically the 50-day, falls below a longer-term moving average, such as the 200-day. For PEPE, this ominous pattern began to appear in February 2025, lining up with a sharp drop in price to levels not witnessed in months.
As of now, PEPE is hovering at $0.00000596—down 8.65% in the last 24 hours alone. This reflects a continued downward momentum that has left many traders and investors on edge. To make matters worse, the coin has lost an additional 11% over the past week. For those who had hoped the coin might stage a comeback, the latest numbers might be hard to stomach.
On a particularly rough day, PEPE touched an intraday low of $0.00000525, its lowest point since April 2024. The overall cryptocurrency market has been feeling the pressure, with broader declines tied to expectations of a sell-off in U.S. equities. According to CoinGlass data, the market has seen a staggering $912 million in liquidations over the past 24 hours. Interestingly, bullish bets accounted for a hefty $716 million of that total, while short positions were responsible for $195 million. PEPE itself saw more than $2.2 million in liquidations during this timeframe, further highlighting the volatility that has come to define the coin’s trajectory in recent months.
Bitcoin taking a deep price plunge from a recent Mt Gox transfer doesn’t help either.
Will PEPE snap back to its glory days and will optimism return?
So, what’s next for PEPE? Are we looking at a reversal on the horizon, or is the worst yet to come? It’s worth noting that PEPE’s steady decline has been going on for months. After reaching its peak on December 9, 2024, at $0.00002832, the coin began shedding key price levels, including the all-important daily moving averages at $0.0000101 and $0.000013. These losses have put the coin in a difficult position, and with the death cross now in play, it’s tough to say when, or if, PEPE will bounce back.
For the passionate community that rallied behind Pepe, it’s a tough pill to swallow. Meme coins have always been a rollercoaster ride, but this latest dip is a stark reminder of just how volatile the market can be. Whether this is a temporary blip or the beginning of a longer-term decline remains to be seen. But for now, PEPE is facing a daunting challenge—one that will require a major turnaround if it hopes to recover anytime soon. So, for those still holding onto their PEPE tokens, it might be wise to keep a close eye on the charts and market developments—because in the world of cryptocurrencies, things can change in the blink of an eye.
