$PEPE coin, the leading frog-themed memecoin on Ethereum, is currently trading around $0.0000042 – $0.0000046 USD (most sources cluster ~$0.0000043–$0.0000045 today, down sharply in the last 24h). Market cap sits roughly $1.8B – $1.95B, ranking it in the #40–#57 range among cryptos. 24h volume remains solid at ~$370M–$450M, showing it's still liquid despite the bleed.
Recent performance (January 2026): PEPE started the month stronger (~$0.000006+ early Jan, peaking near $0.000006–$0.000007 around Jan 3), but has been in a steady downtrend since mid-month. It's shed ~25–35%+ from January highs, mirroring the broader altcoin/memecoin weakness amid BTC's correction below $85K and risk-off flows. Weekly it's down ~10–15%, monthly mixed (some sources show slight net gain from Dec lows, others flat-to-down).
The token hit its all-time high of ~$0.000028 back in late 2024 (Dec 2024 peak), meaning it's still ~83–85% down from ATH — classic post-hype consolidation for top memecoins. No major new catalysts (listings, burns, or hype cycles) have reignited it lately; it's trading purely on sentiment and BTC correlation right now.
Candle graph description (daily timeframe, late Jan 2026):
The daily candles show a clear bearish structure — a series of red/down candles dominating since early January.
Early Jan: Larger green candles pushing up to highs around $0.000006–$0.000007 (strong closes near highs).
Mid-Jan onward: Repeated red candles with long upper wicks (rejection at resistance ~$0.000005–$0.0000055), lower highs and lower lows forming.
Last week (Jan 25–31): Mostly bearish candles — opens near previous close, high attempts fizzle quickly, closes near lows. Recent days feature big-bodied red candles (e.g., Jan 30–31 showing 4–8%+ drops per day), thin volume on bounces, heavy volume on dumps.
Overall pattern: Descending channel / stair-step lower, no strong reversal signal yet (no hammer/doji at support, no engulfing bull). Support tested around $0.0000040–$0.0000042 multiple times; break below could target $0.0000035 or lower
