$PEPE has shown signs of recovery amidst a challenging period for cryptocurrencies. With Bitcoin down 24% from its mid-March peak, Pepe has also felt the impact, dropping to $0.0000090 from $0.000009249 just last Sunday, marking a 10% loss in a single day. Over the week, Pepe’s decline is more pronounced at 28%, and it’s down 35% this month, with a 50% fall from its 27 May all-time high.

Despite this, Pepe’s trading volume has surged by 16% in the last 24 hours, hitting $786 million and making it the most-traded memecoin currently. This activity, coupled with significant buying from whales, suggests a potentially promising future for Pepe.

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