Pepe ($PEPE) briefly surged 5% in the early hours today, climbing from $0.00000976 to $0.00001028, making it one of the most volatile meme coins in the market.
However, these gains were short-lived as a market-wide downturn quickly erased the rally, dragging the $4 billion asset back down.
Market Downturn Wipes Out Gains
Over the past 24 hours, the cryptocurrency market has dipped by 3.5%, bringing its total valuation to $3.28 trillion.
Leading digital asset Bitcoin ($BTC) saw only marginal losses, while Ethereum ($ETH), the top altcoin, fell a sharper 5%.
The downturn was exacerbated by a wave of negative news surrounding Argentine President Javier Milei.
On Friday evening, Milei tweeted a promotion for a newly launched local cryptocurrency called $LIBRA, only to delete the tweet later as the token’s price collapsed amid accusations of being a rug pull.
Adding to the controversy, today, Milei’s administration faced another PR disaster.
A viral interview clip showed Milei’s most trusted advisor, Santiago Caputo, whispering advice in the President’s ear mid-interview.
Further fueling criticism, it was revealed that Milei’s sister, Karina, along with presidential spokesperson Manuel Adorni and Caputo, had agreed on the interview questions in advance.
The fallout from the $LIBRA scandal and Milei’s missteps are creating uncertainty in the broader digital asset market, contributing to increased volatility across altcoins, including meme coins like Pepe.
Escándalo. Santiago Caputo guionando a Jonathan Viale en la entrevista al presidente Javier Milei. Ordenes para cortar grabación y repetir preguntas y reorientarlas a conveniencia del descargo oficial por el tema de la estafa Crypto. pic.twitter.com/6IocmQSuTK
Pepe ($PEPE) has suffered the steepest losses among the top five meme coins, declining 11.5% in the past 24 hours. In comparison, Dogecoin ($DOGE) and Shiba Inu ($SHIB) shed around 5%, while $TRUMP fell 8% and $BONK slid 11%.
That said, Pepe’s recent price action suggests a potential short-to-mid-term recovery. While it has been on a downward trajectory since the start of the year—mirroring the broader meme coin market—its Relative Strength Index (RSI) currently sits at 36 and continues to decline.
If the RSI falls below 30, it would signal an oversold condition, historically triggering strong dip-buying activity.
In such a scenario, investors may re-accumulate, helping stabilize the price and potentially fueling a sharp rebound.
With regulatory clarity probably coming to the US this year, along with the growing power of the Pepe brand, as we’ve seen in recent projects like Pepe Unchained and Wall Street Pepe, a total reversal of fortune may even be on the cards in the form of a bull run.
Investors Rush to Secure MIND of Pepe as Presale Surges Past $6.5 Million
Last year, Pepe Unchained ($PEPU) pulled in an impressive $74 million, while Wall Street Pepe ($WEPE) followed closely with $70 million.
Now, a new contender is entering the scene—one that could be the most innovative and profitable Pepe project yet.
Introducing MIND of Pepe ($MIND), a hybrid meme coin and AI-powered assistant designed to revolutionize crypto trading and market analysis.
Unlike traditional meme coins, MIND of Pepe isn’t just a token—it’s an intelligent crypto oracle and trading bot that operates across social media.
Once launched, MIND of Pepe will take over the project’s official X and Telegram accounts, acting as an autonomous strategist capable of proposing new projects, partnerships, and investment opportunities to crypto’s players.
It also tracks emerging trends and monitors market shifts to identify promising opportunities
Its AI continuously updates, ensuring that $MIND holders always stay ahead of the curve with fresh, relevant insights.
On Telegram, the project fosters an exclusive community where MIND of Pepe interacts directly with investors, offering personalized updates.
Enthusiasm for this one is already high. In under a month, total investments have surged past $6.5 million. Each Mind of Pepe ($MIND) token sells for a price of $0.0033454.
To stay updated or join the community, follow MIND of Pepe on X and Telegram.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
