币界网报道：PEPE, the popular meme coin, has seen a 4.7% price drop as investor interest appears to wane. The token, which gained significant traction earlier this year amid the broader meme coin rally, is now facing reduced trading volumes and declining social media mentions. Analysts attribute the slump to profit-taking by early investors and a general cooling-off period in the speculative crypto market. Despite the recent dip, PEPE remains one of the top-performing meme coins of 2023, having delivered substantial returns to early adopters. Market observers note that meme coins like PEPE often experience volatile price swings tied to shifting investor sentiment and social media trends. The current pullback follows a period of heightened activity where PEPE outperformed many established cryptocurrencies. Some traders suggest the correction could present a buying opportunity if the meme coin narrative regains momentum, though others caution about the inherent risks of highly speculative assets. The broader crypto market's performance in coming weeks may influence whether PEPE can regain its upward trajectory.