Will PEPE Hit a New Low? Bear Market Impacts Push Meme Coin to $0.0000066

The meme coin, PEPE, is facing intense pressure from bearish market conditions. Trading around $0.0000069, the token has seen a 2% decline as the overall crypto market cap drops to $2.64 trillion due to widespread sell-offs. PEPE’s market cap now sits at $2.91 billion. Trading volume has spiked by 26%, with a significant $2.89 million PEPE liquidation, and is currently hovering around $0.0000069. A concerning sell-off by large whales further fueled the decline, as one sold 438 billion PEPE tokens for $3.03 million at a loss of $434,000. Analysts fear this could push the price to its lowest point since February, potentially reaching $0.0000066.