The crypto market is currently experiencing a bearish trend, with several top tokens seeing double-figure losses over the past week.
Despite this, meme assets like PEPE have shown a sharp price rebound, rising by 18% in the last 24 hours. This unexpected surge has raised questions about whether these gains can be sustained amid the fluctuating market conditions.
The volatility of the market puts the longevity of PEPE's gains into question, making it a topic of debate among analysts.
