PEPE Price Slump Rocks Crypto: 17% Drop Adds New Zero—What’s Next?
PEPE, launched in April 2023, rode a wave of meme coin hype to a $5 billion market cap peak in 2024 but has since faced volatility, reflecting its reliance on sentiment over utility.
PEPE, the frog-faced meme coin that once captivated the crypto world, took a brutal hit on March 4, 2025, with a PEPE price slump slashing its value by 17% to $0.00000774. This drop, tracked by CoinGecko, effectively added a new zero to its price, dragging it down from a recent $0.00000934 perch and shrinking its market cap to $3.25 billion. The PEPE price slump has sparked a frenzy of speculation: is this the end of its meme-driven glory, or a dip ripe for a comeback?
The PEPE price slump unfolded against a stormy crypto backdrop—Bitcoin’s dip below $90K and a $540 million liquidation wave rocked markets, per CoinGlass. On-chain sleuths at Santiment flagged a whale unloading 500 billion PEPE ($5.4 million) late March 3, triggering panic sales that fueled the crash. Trading volume surged 39% to $1.2 billion in 24 hours, showing wild action, yet retail buzz waned—LunarCrush pegged hourly mentions at 8,085, down 20% from a 10,000 peak. Still, a whale wallet snagged 250 billion PEPE from Binance on February 24, hinting at big players betting on a turnaround.
What’s next for this PEPE price slump? Technicals paint a tense picture: RSI at 31.66 screams oversold, and a breached $0.000008 support level eyes $0.000005 if selling persists, per analyst
@ChrisMcCrypto. But hope flickers—social dominance holds at 5.65%, and a bullish MACD crossover suggests a $0.00001 rebound if buyers step up. With Ethereum steady and meme coin rivals like SHIB faltering, PEPE’s fate teeters—will whales lift it from this PEPE price slump, or is this frog cooked? Crypto’s wild ride keeps us guessing!