Pepe (PEPE) is facing a steep price crash amid a market-wide correction. The frog-themed memecoin’s price has gained an additional zero after its decimal point. According to CoinGecko’s PEPE data, its price is down across nearly all time frames. The coin has faced a 3.7% correction in the daily charts, 5.2% in the weekly charts, 11.3% in the 14-day charts, and 21% over the previous month. Despite the downward momentum, the memecoin has gained 10.7% since August 2024.
Will Pepe Recover From Its Price Crash, Or Is The Worst Yet To Come?
PEPE’s price crash comes amid a larger crypto market correction. Bitcoin (BTC) has fallen below the $110,000 mark. BTC’s price dip may have led to investors facing new fears about a prolonged market correction. BTC may continue to dip to around $108,000. The asset has substantial liquidity at the price range.
PEPE’s price could face some stability or consolidation if BTC’s descent halts. The market trajectory is quite unclear right now. September has historically been among the worst months for the crypto market. We could see further corrections if 2025 follows the same bearish pattern for September. Macroeconomic factors and global trade wars could also present unforeseen challenges to the crypto market.
Pepe (PEPE) is a memecoin and has some of the highest risks in the market. Memecoins are heavily subjected to online buzz. A rate cut often leads to risky assets benefiting. There is a high chance that the Federal Reserve will cut interest rates by 25 basis points next month. A dip in interest rates could lead to the crypto market pivoting from its historical pattern and instead turning bullish in September.
Also Read: PEPE Price Prediction For August 31st 2025
However, a bearish September pattern and an interest rate cut could cancel each other out and lead to prices being flat. How the market behaves over the coming weeks is yet to be seen.
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