PEPE cryptocurrency experienced a 3.26 percentage-point price fluctuation over a 44-hour period.
This was driven by macro risk-off conditions and broader meme-coin sector declines rather than token-specific developments, according to a CoinMarketCap report.
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The asset dropped 18 percent over the recent period as investors shifted capital toward lower-risk options.
This shift occurred while major cryptocurrencies like Bitcoin experienced consecutive negative quarters and traded near multi-month lows.
Substantial capital outflows from spot Bitcoin exchange-traded funds weighed heavily on the market.
A strengthening US dollar and a hawkish Federal Reserve stance further reduced liquidity across all speculative digital assets.
Geopolitical shocks also contributed to the market downturn, specifically recent military strikes between the United States and Iran.
These broader macro factors caused outsized percentage-point swings for high-beta tokens like PEPE.
Sector-wide data further diminished investor confidence after revealing high failure rates for new tokens. A CoinGecko-based analysis found that nearly 70 percent of tokens launched on Pump.
fun disappear on their launch day. The same report indicated that over 80 percent of those tokens fail within two days of launching.
It highlighted that major established meme tokens, including Dogecoin and Shiba Inu, also dropped sharply in recent weeks.
PEPE shed over 27 percent of its value during the prior month, moving in tandem with the wider market slump.
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This downturn coincided with the total collapse of another digital asset project called MemeCore.
