PEPE’s Slide Amidst New Memecoin Competition

Ethereum-based meme coin PEPE has experienced a significant decline in value, losing over 4% of its market cap despite initial bullish momentum. The token’s struggle to maintain upward momentum is attributed to growing interest in new memecoins like #PEPETO, which is gaining traction with its presale, attracting early investors seeking high-growth opportunities. Experts are observing a shift towards emerging memecoins as the original PEPE struggles to regain lost appeal.