Pepe, a popular memecoin, has faced a significant decline, losing more than 8% of its value over the last week. This drop in value raises questions about its ability to maintain its lead among other memecoins.
Additionally, Pepe's trading volume has decreased substantially, experiencing a 21% dip. This decline in activity reflects a broader challenge in sustaining interest and confidence among investors and traders.
The recent performance of Pepe may influence its position in the memecoin market, where competition is fierce, and maintaining popularity is crucial for success.
