Pepe

Today's narrative state: Pepe is trading at $0.00000421 after a 30-day move of +28.6%. As a memecoin, Pepe's price action is dominated by attention dynamics and social-media flow, not by the kind of utility metrics that drive fundamentally-anchored crypto assets.

Liquidity and risk: Realized 30-day volatility sits at 249% annualized — multiples higher than top-10 crypto assets. The asset has rallied 28.6% over the past 30 days, illustrating the magnitude of moves typical for this asset class. Position-sizing should reflect the risk of single-day moves above 20%, which are not unusual for memecoins under attention waves.

What to watch: Holder concentration shifts (large wallets quietly accumulating or distributing), exchange flows (especially deposits suggesting upcoming sells), and the social-media volume trajectory. Memecoins move on narrative, and the narrative leaves footprints before it shows up in the price.

Looking past Bitcoin alone, how closely PEPE tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.40 — a weak positive relationship.
• Ethereum reference: +0.35 — a weak positive relationship.
• Solana reference: +0.37 — a weak positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Pepe (PEPE) is a memecoin — a community-driven token whose value comes primarily from culture and attention rather than from cash-flow utility. It trades at $0.00000421 as of the latest update, with a 24-hour move up 0.72%, placing it at rank #34 by market capitalisation among all listed digital assets. Pepe's current market cap stands at $1.77B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Pepe across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Pepe is a memecoin — a cryptocurrency whose primary value driver is cultural and narrative rather than utility. Memecoins have repeatedly demonstrated the ability to generate outsized returns during attention waves, and equally outsized drawdowns when attention shifts elsewhere. They are a distinct asset category and should be evaluated by different criteria than utility tokens or layer-1 chains.

Pepe (PEPE) is a top-100 asset, ranked #51 among all tracked tokens by capitalisation. Essentially all of the PEPE supply is already issued — roughly 420.69T of a 420.69T cap are in circulation — so future inflation is a non-factor. It currently trades about 85% below its all-time high of $0.00002829 set in December 2024.

Pepe (PEPE) is a memecoin: typically an ERC-20 (on Ethereum) or SPL (on Solana) token with minimal protocol-level technology behind it. There is usually no novel consensus mechanism, no smart-contract platform, and no significant on-chain utility. Value derives from community, narrative, attention, and the social-coordination dynamics that drive memes themselves.

Memecoins typically have very high concentration on a small number of wallets — sometimes deliberate, sometimes the consequence of early-stage organic adoption. This means price action is dominated by holder behavior at the top of the distribution, not by network fundamentals.

Pepe (PEPE) is a top-100 asset, ranked #51 among all tracked tokens by capitalisation. Essentially all of the PEPE supply is already issued — roughly 420.69T of a 420.69T cap are in circulation — so future inflation is a non-factor. It currently trades about 85% below its all-time high of $0.00002829 set in December 2024.

Pepe is primarily used for speculation, community participation, and — in some cases (notably DOGE) — tipping and small payments. Most memecoins do not have significant non-speculative use cases by design. The token is the meme, and the meme is the network effect.

Daily volume runs at about 8.4% of market capitalisation ($148.62M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

The supply story for Pepe comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. At over 99% of maximum supply issued, future issuance pressure is effectively zero — the supply curve is now flat, and value accrual must come from network adoption rather than from supply schedule mechanics.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

What sets the macro tone for crypto is the cost and availability of money: where the Fed is steering policy rates, whether dollar liquidity is expanding or draining, and how much risk the market is willing to carry. The asset class has behaved like the high-beta tail of that cycle — first to rally as conditions ease, first to crack when they tighten.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

For Pepe specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, PEPE tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.40, PEPE has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Memecoins carry materially elevated risk versus other crypto assets. Specific concerns: extreme volatility (50–90% drawdowns are not unusual), high holder concentration (large wallets can move price decisively), narrative dependence (when the meme fades, the price fades), pump-and-dump dynamics (especially in newer launches), and a rug-pull-adjacent history of similar tokens. Statistical forecast models perform poorly on memecoins because their price action is dominated by social-media and attention dynamics that those models do not capture. Position size accordingly.