PEPE Token Slides 3.6% as Trading Volume Hits 2024 Low Amid Meme Coin Competition

PEPEUSDT has seen a 3.60% price decrease in the past 24 hours, trading at $0.00000482 on Binance. The decline is primarily attributed to waning trading interest, evidenced by spot trading volumes at their lowest since September 2024 and a shift in market attention toward newer meme coins, such as "PENGUIN." No notable updates, partnerships, or events have supported PEPEUSDT recently, further contributing to subdued market sentiment. The circulating supply remains around 413.77 trillion tokens, with market capitalization estimated at approximately $2.09 billion, and daily trading volumes showing considerable variation across platforms. The asset continues to trade in a narrow range, reflecting a consolidation phase amid reduced market activity.