Can the Pepe crypto price recover? Let’s check today’s Pepe coin news for more.

The frog-themed meme coin, which currently hovers around $0.000010, has suffered a steep 23% decline over the past week, triggering widespread losses among traders.

PEPE experienced an 11% drop on Sunday, briefly dipping to $0.000007 during Monday’s Asian session before recovering slightly. Despite this temporary rebound, bearish sentiment remains strong, with funding rates turning negative and on-chain indicators pointing to further downside risks.