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Michael Davis
Michael Davis
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Pepe (PEPE) investors are in a state of panic as the pullback from early December highs above $0.000028 deepens, and the threat of a total market capitulation rises.
The Pepe price was last just below $0.000010, a drop of more than 65% from December’s peak, with the bulk of the decline coming since US President Trump launched his meme coin just before his election.
This meme coin launch by the President dealt a devastating blow to the meme coin space, with most tokens down significantly since its launch.
TRUMP appeared to have sucked up a significant amount of liquidity in the space, including from new crypto investors who might have otherwise been tempted to buy into pre-existing meme coins like PEPE.
Moreover, the Trump meme coin launch marked significant dilution in the meme coin space, and could act as a green light for a wave new token launches from all sort of big names, brands and celebrities, leading to further dilution.
Total Capitulation Incoming?
Pepe technicals also tell a bearish story. The meme coins abrupt collapse in recent weeks has seen it fall below all of its major moving averages, as well as key support at $0.000017, $0.000013 and $0.000011.
Its even broken below an uptrend from its August lows. All said, a retest of last summer’s lows in the $0.000006 area look very possible.
A break below here could open the door to a total capitulation all the way back 2023/early 2024 levels under $0.000002.
For those who believe the US President dealt a death blow to meme coins might want to exit before things go from bad to worse.
Of course, that’s the extremely bearish case. Much more likely is that major meme coins like Pepe enjoy some sort of comeback in 2025/2026, assuming broader crypto adoption continues and financial conditions ease.
Anyone can launch a new meme coin token, but achieving the level of community and investor devotion enjoyed by big meme coins like Pepe is a very difficult feat.
Best Meme Coin to Buy to Ride Market Recovery
Assuming tokens like Pepe enjoy a rebound in 2025 from their current depressed levels, an innovative new meme coin called Meme Index ($MEMEX) might be the best crypto to buy now.
Meme Index ($MEMEX) launched in December 2024 and has been creating massive early buzz as it sets out to revolutionize meme coin investing with diversified indices.
The project has attracted significant interest, raising over $3.5 million, with investors intrigued by its plans to offer indices like Titan, Moonshot, and Frenzy, catering to various meme coin investing risk appetites.
The token’s potential for strong performance in 2025 is supported by high staking rewards (up to 650% APY) encouraging retention, and a governance model allowing community input on index composition.
If meme coins flourish during a crypto bull run, Meme Index’s strategy could yield notable returns.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
