PEPE, the popular Ethereum-based memecoin with a dedicated community known as the “PEPE Army,” has extended its bearish streak with an additional 6% decline today. The frog-themed token is now seeing losses across all major timeframes, continuing a downward trend that has weighed heavily on investors.
Over the past week, PEPE has fallen 10.38%, pushing its monthly losses to 35% and year-to-date (YTD) decline to 25.7%. Notably, no investor who purchased PEPE in 2025 is currently in profit.
Despite the steep declines, PEPE remains the third-largest memecoin by market capitalization, valued at over $3.9 billion—behind Shiba Inu ($6.7 billion) and Dogecoin ($24.1 billion). The project’s strong community support appears undeterred, with many holders maintaining faith in the token’s long-term potential.
Data from IntoTheBlock reveals that 37% of PEPE holders have not sold a single token in the past year, demonstrating a strong commitment to holding. Additionally, 57% of wallets contain between 1 million and 12 million PEPE tokens, which remain dormant and untouched.
Whales hold a commanding 75% of the total token supply, while 46% of all holders remain profitable despite the challenging market conditions.
This resilience has galvanized the PEPE Army, who recall a similar scenario in December when a change in Elon Musk’s profile picture preceded a dramatic rally that pushed PEPE’s market cap above $10 billion.
Recent media coverage, including a purchasing guide published by The New York Post, has highlighted PEPE as a potential long-term investment, further fueling interest. A Bitcoin investor and key opinion leader on the OKX exchange has also noted that PEPE’s current chart patterns resemble those seen two years ago, predicting a possible 800% price surge from current levels.
Trading activity shows signs of recovery as well, with CoinGlass reporting over $2.4 billion in PEPE transactions over the past 24 hours—a 5.4% increase—indicating renewed market engagement.
While PEPE’s price continues to face pressure, its loyal community and growing attention suggest the memecoin’s story is far from over.
June 2025, Cryptoniteuae
