- PEPE is down over 88% from its December 2024 all-time high
- The memecoin continues to fall even as Bitcoin reclaimed $70,000
- Analysts say macro risk and low liquidity may be hurting memecoins
Pepe coin is struggling to keep up with the broader crypto market rebound, even as several digital assets show signs of recovery. While Bitcoin climbed back above the $70,000 level and many altcoins turned green, the frog-themed memecoin continues sliding across nearly every timeframe.
According to recent market data, PEPE is down about 0.6% over the past 24 hours. The longer-term picture looks even worse. The memecoin has fallen roughly 5.1% over the past week, more than 15% in the last two weeks, and around 13.5% over the previous month. Since March 2025, the token has dropped over 46%, leaving it far below its former momentum.
Pepe Remains Deep Below Its All-Time High
PEPE’s decline becomes more striking when compared with its peak performance in late 2024. The token reached an all-time high of $0.00002803 in December 2024 during the height of the last memecoin frenzy.
Since then, the price has collapsed more than 88%, wiping out most of the gains from that explosive rally. The sharp reversal reflects how quickly sentiment can shift in memecoin markets once hype fades.
PEPE’s surge in 2024 was heavily tied to Bitcoin’s historic move above $100,000, which sparked widespread speculation across the crypto market. Many memecoins rallied at the time, riding the wave of retail enthusiasm and liquidity.
Bitcoin Recovery Has Not Helped Memecoins
The broader crypto market showed some relief recently after Bitcoin reclaimed the $70,000 price level. Typically, strong moves from BTC trigger renewed interest in altcoins and speculative tokens.
However, PEPE and several other memecoins have not benefited from the rebound. Instead, investors appear to be favoring larger and more established cryptocurrencies during the current market environment.
This shift likely reflects a broader risk-off mindset among traders. During uncertain macro conditions, investors often rotate capital toward assets perceived as more stable, leaving highly speculative tokens under pressure.
Interest Rate Cuts Could Boost Risk Appetite
Some analysts believe future macroeconomic changes could eventually help memecoins recover. In particular, potential interest rate cuts could increase liquidity across financial markets.
Lower borrowing costs typically encourage investors to take on more risk, which historically benefits speculative assets such as memecoins. If liquidity returns to the market, tokens like PEPE could experience renewed momentum.
That said, recent rate cuts have not produced the same bullish impact seen in previous crypto cycles. Increased geopolitical tensions and economic uncertainty have continued to weigh on investor sentiment.
PEPE May Remain Under Pressure for Now
Given the current environment, PEPE may continue facing downward pressure in the near term. Ongoing geopolitical tensions and macro uncertainty have pushed many investors toward safer assets within the crypto market.
Until market conditions stabilize and liquidity improves, memecoins may struggle to regain the explosive momentum they once had. For PEPE holders, a sustained recovery may depend on broader improvements in both crypto sentiment and global markets.
