The frog-themed meme cryptocurrency Pepe (PEPE) is experiencing a significant downturn, contrasting with broader market gains. Data from CoinGecko shows PEPE is down across various time frames, including a 46% drop since March 2025 and nearly 89% from its December 2024 all-time high. The coin’s continued decline amid a recent market reversal raises questions about its potential for recovery.
While many crypto assets are trading positively, Pepe (PEPE) continues to decline, showing losses across all measured periods. CoinGecko’s statistics indicate the memecoin is down 0.6% over 24 hours, 5.1% over the last week, and 15.7% on 14-day charts. It has also fallen 13.5% over the previous month and more than 46% since March 2025.
Moreover, the asset has dipped by more than 88% from its all-time high of $0.00002803, attained in December 2024. PEPE saw an incredible rally towards the end of that year, following Bitcoin‘s (BTC) ascent to the $100,000 mark. Most other memecoins also experienced substantial gains around the same time.
The crypto market saw some relief earlier today, with Bitcoin reclaiming the $70,000 price level. While many other crypto assets followed BTC’s lead, PEPE and other memecoins continue to struggle. The lackluster performance could be due to the risk-off approach taken by investors.
Many anticipate a rise in liquidity amid higher chances of an interest rate cut to combat potential inflation spikes. An interest rate cut could lead to investors taking on more risks. Such a development could benefit Pepe (PEPE) and other memecoins. However, the last two interest rate cuts did not see positive price movements in the crypto market, most likely due to increased volatility arising from macroeconomic uncertainties and geopolitical tensions.
