PEPE coin has been making news once again. However, this time, the attention isn’t positive. The coin has experienced a significant drop of 24% within the past 24 hours.

At press time, PEPE is being traded at a value of $0.000000835927, showing a 4.6% dip in value within the span of an hour.

The value of the asset descended from a peak of $0.00000111 to $0.000000811657 earlier in the day. Notably, the asset underwent a change that involved an extra zero during this downward trend.

The decline in the asset’s value is evident in PEPE’s one-hour chart. Furthermore, the Relative Strength Index [RSI] indicator indicated that the meme coin was experiencing overselling conditions at the present time.

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