Feb 24

8:01 PM ET

$0.00

0.02%

Pepe USD is trading sharply lower alongside broader cryptocurrency market weakness as investors flee risk assets ahead of President Trump's State of the Union address. The crypto sector is reeling from renewed tariff uncertainty after Trump invoked Section 122 of the Trade Act to impose a 15% global tariff following a Supreme Court ruling that struck down his earlier IEEPA-based tariffs. Bitcoin crashed below $63,000, down nearly 5% intraday, while altcoins including memecoins like PEPE are experiencing even steeper declines. Trading volume for PEPE has fallen to 276 million, well below its 30-day average of 448 million, reflecting diminished liquidity and risk appetite as geopolitical tensions with Iran escalate and mysterious whale transactions signal defensive positioning. The Fear & Greed Index has plunged to extreme fear territory as leveraged positions are liquidated across crypto markets.