币界网报道：The meme coin PEPE has seen a 4.7% drop in value amid a broader market shift, with Bitcoin (BTC) and Ethereum (ETH) also experiencing declines. PEPE's price fell to $0.0000011, reflecting a 4.7% decrease over the past 24 hours, while its trading volume surged by 12.5% to $48.6 million. The broader cryptocurrency market has been under pressure, with Bitcoin dropping 1.3% to $42,900 and Ethereum declining 1.7% to $2,300. Analysts attribute the downturn to profit-taking after recent gains and a cautious market sentiment ahead of key economic data releases. Despite the dip, PEPE remains one of the top-performing meme coins this year, with a market cap of $463 million. The coin's volatility highlights the speculative nature of meme-based cryptocurrencies, which often see sharp price movements driven by social media trends and investor sentiment. Market participants are closely watching Bitcoin's performance, as it continues to influence altcoin trends.