PEPE Price Trends and Market Sentiment

PEPE has faced heavy selling pressure, yet exchange reserves have also been declining, indicating a complex market sentiment. Current statistics reflect a grim outlook, with many PEPE holders selling at a loss.

At the time of writing, PEPE experienced a 35.2% bounce in four days. Still, its daily chart shows an ongoing dominant downtrend with a notable 75.1% drawdown from its December highs. This decline coincides with significant losses in the broader crypto market over the last three months.

The memecoin sector has notably struggled, losing $87.5 billion…