Pepe led a pullback in the memecoin sector Thursday as the frothy momentum that drove January rallies cooled and traders began taking profits. The frog-themed token fell about 9% in U.S. trading to roughly $0.0000059, down from recent peaks near $0.0000065, as selling intensified. CoinMarketCap data showed Pepe’s 24-hour volume surged about 32% to more than $795 million, a sign that the move lower was accompanied by heavier trading and likely distribution. The broader memecoin cohort also slipped as investors rotated away from speculative plays and toward other themes — including a growing interest in privacy-focused crypto projects. The category’s total market capitalization dropped nearly 4% to about $44.9 billion, while aggregate daily volume fell roughly 19% to $5.7 billion. Notable movers: - Dogecoin (DOGE) dipped about 5% to $0.14, trimming gains it picked up when Bitcoin briefly pushed toward $97,000 earlier this week. DOGE remains the largest memecoin by market cap at about $23.9 billion. - Shiba Inu (SHIB) fell ~4% to $0.0000085. - Bonk (BONK) slid roughly 7% to $0.0000105. - Floki (FLOKI) dropped around 8% to $0.000051. - Official Trump (TRUMP) eased about 5% to $5.43. - SPX6900 (SPX), a satirical memecoin, was off more than 10%, trading near $0.57. - Pudgy Penguins, linked to the NFT collection, fell about 7% to $0.012. - Smaller, highly speculative names saw sharper declines — Fartcoin plunged roughly 13% to about $0.37. Pepe’s retreat follows a sharp earlier surge across the memecoin space driven by speculative inflows and renewed retail interest. With daily volumes elevated and prices back below recent highs, traders will be watching whether profit-taking continues to feed further downside or if any renewed appetite for risk can restore momentum. Key things to monitor: memecoin volumes, Bitcoin’s price action, and shifts in investor preference toward privacy or other niche crypto sectors. Read more AI-generated news on: undefined/news

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