$PEPE
Pepe (PEPE) remains the definitive "modern" meme coin, widely considered the leader of the 2023–2025 meme cycle. As of February 12, 2026, PEPE is undergoing a major technical stress test, following a sharp correction that has wiped out a significant portion of its late-2025 gains.
Market Performance (February 2026 Update)
PEPE is currently printing a series of lower highs and lower lows, struggling to find a solid floor amid a sector-wide "capitulation."
Current Price: Approximately $0.0000035 – $0.0000037.
Drawdown: The token is down nearly 39% in the last 30 days and has dropped roughly 14% in the past week alone.
Sentiment: The Fear & Greed Index for PEPE is at 8/100 (Extreme Fear). This suggests that the "weak hands" have largely exited, leaving mostly long-term holders and accumulation bots.
Technical Outlook: The RSI is sitting in the mid-30s, nearing "oversold" territory. Traders are closely watching the $0.0000031 level, which served as a major historical bounce zone in early February.
Strengths vs. Risks
Strengths
Massive Liquidity: Even in a downturn, PEPE maintains over $300M in daily volume, ensuring that traders can enter and exit large positions without massive slippage.
Cultural Hegemony: Unlike newer memes that fade in weeks, PEPE has survived multiple 70%+ drawdowns. Its brand is now solidified alongside DOGE and SHIB as a "top-tier" meme asset.
Exchange Ubiquity: Listed on every major global exchange (Binance, Coinbase, OKX), PEPE is easily accessible for the next wave of retail liquidity.
Risks
Capital Outflow: In early 2026, many investors are rotating out of high-risk memes and into "utility" sectors like AI and Layer-1s, leaving PEPE in a liquidity vacuum.
Lack of Utility: Despite rumors of NFT integrations and cross-chain bridges to networks like TON, PEPE remains almost entirely sentiment-driven. If the "hype" doesn't return, there is no fundamental floor.