The memecoin PEPE plunged as the broader cryptocurrency market slid earlier this month after Bitcoin fell to about $62,000. Traders cited risk aversion and market weakness for the sell-off.
Data shows PEPE is down 2.5% in the last 24 hours, 13% over the past week, 26.6% on 14-day charts, and 38.2% over the previous month. It sits roughly 87% below its December 2024 all-time high of $0.00002803 (Ed. note: this compares current price levels to that December 2024 peak).
According to CoinCodex analysts, PEPE could fall to $0.000002666 on Feb. 19, 2026. That projected level would imply about a 27.55% decline from current prices.
Since launching in April 2023, PEPE registered rapid gains and multiple milestones. Its highest point occurred in December 2024 when Bitcoin briefly exceeded $100,000.
Market coverage notes investors are avoiding higher-risk tokens amid liquidity strains and macroeconomic uncertainty. The same reporting states PEPE may regain momentum if the wider crypto market recovers.
