$PEPE

PEPE price drops 24% in past 10 days amid waning investor interest

PEPE price has surged 6% in the last 24 hours, but it may be difficult to sustain this slight rise.

The shift in investor sentiment has been noticeable as meme coin enthusiasts appear to have given up

Investors are backing out

PEPE price has been seen to have dropped 24% in the last 10 days, which has naturally had a significant impact on investors. Fear of losses has pushed participation to a five-month low, with Pepcoin holders refraining from transacting on the network.

According to on-chain metrics, the meme coin has suffered from low participation throughout Q2. This trend may continue as Q3 draws to a close unless broader market signals support a recovery.