PEPE Coin: Despite Volatility, Confidence Remains in Memecoin’s Future

PEPE Coin has experienced a significant price drop over the past 24 hours, falling to $0.000012 and losing an estimated $620 million in market value. However, on-chain data shows that over 114,000 wallets remain invested in PEPE despite this decline, demonstrating a strong belief in its long-term potential. This resilience is fueled by potential recovery signals observed in technical analysis, including an emerging Elliott Wave pattern suggesting a fifth wave price surge to $0.00001632.