PEPE

After hitting a recent all-time high, Pepe has fallen 15% in recent days, causing the meme coin to fall out of the top 20 and be surpassed by Litecoin (LTC). So, how is PEPE doing now?

During the last bull run, PEPE ended its upward momentum with a 15% drop.

Recent Performance

In May, PEPE performed well and its price soared all the way, but it fell in the last few days of the month. The chart below shows the performance of the meme coin in the past month.

Throughout May, PEPE has been trading around $0.0000061. However, at the beginning of this week, the price broke through the $0.0000170 mark and saw a significant increase.

However, after reaching a peak on Monday, the meme coin has experienced a significant decline. As of the time of writing, PEPE is trading at $0.00001451, down 4.23% in the past 24 hours and about 15% from its peak. PEPE’s 24-hour trading volume increased by more than 20% to $2.475 billion.

Earlier in the day, things were tougher for PEPE investors, with the price dropping below $0.0000132. The asset has since recovered from this low, but it’s unclear if this recovery will last.

Ranking and Volume

After its recent surge, PEPE briefly entered the ranks of the top 20 cryptocurrencies by trading volume. However, after a 4% drop today, trading volume fell to $6 billion and was overtaken by Litecoin. As a result, PEPE is currently ranked 21st.

PEPE Still Leads the Meme Coins

Despite the price rally followed by a drop, PEPE remains one of the most profitable meme coins. According to data, PEPE’s investor profit-loss ratio is over 90%, still ahead of other meme coins such as Dogecoin (DOGE) and Shiba Inucoin (SHIB) on this metric.

Summary

Despite recent price volatility, PEPE still shows strong market appeal. Its investor profit and loss ratio shows that PEPE is still in a leading position in the memecoin market.