COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Recent data highlight how the memecoin Pepe’s [PEPE] close alignment with Ethereum [ETH] might hinder its growth trajectory.
- Substantial outflows from exchanges could potentially be beneficial for PEPE.
- Over the past day, Frog-themed memecoin PEPE showed remarkable resilience, being one of the few top-50 digital currencies to experience gains. Currently, PEPE is trading at $0.000011, marking a 3.35% increase from its previous day’s value.
Explore the latest developments in the memecoin sector, focusing on PEPE’s market dynamics and its correlation with Ethereum.
Pepe’s Correlation with Ethereum
Recent analytics reveal that PEPE has a significant correlation with Ethereum [ETH], with a correlation coefficient standing at 0.91. This figure starkly contrasts with the correlation PEPE shares with Bitcoin [BTC], which is relatively lower at 0.60. The correlation range is between -1 and +1, where -1 indicates an inverse relationship, and +1 signifies parallel movement in prices.
Implications of High Correlation
Given its high correlation with ETH, PEPE’s market performance may be heavily influenced by Ethereum’s price movements. As ETH has been trading sideways, with its price lingering at $3,502, a downturn or continued stagnation in ETH could similarly affect PEPE. Notably, recent market behaviors showed that ETH’s stagnant movements didn’t bolster optimism for PEPE.
Moreover, PEPE’s exchange inflows, which were recorded at 845,000 tokens, might suggest potential selling pressure. High exchange inflows typically signal increased selling activity, which can lead to price declines. Conversely, PEPE’s outflows, a critical metric indicating tokens being moved out of exchanges, were significantly higher at 131.07 million, according to Santiment data.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Current Market Sentiments and Holding Patterns
Memecoins, including PEPE, find themselves in a precarious position. The substantial exchange outflows indicate that many investors are opting to hold their tokens in non-custodial wallets, suggesting a long-term bullish sentiment. However, the retail participation, primarily smaller investors holding between $1,000 to $10 million worth of PEPE, has seen a decline.
Potential Market Movements
If the current trend of high outflows continues, PEPE may defy its strong correlation with Ethereum and see an uptick in its price. Should PEPE manage to break past its dependence on Ethereum’s market behavior, analysts speculate the token could reach $0.000013 in the near term. However, caution is advised due to market volatility and recent sell-offs.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Conclusion
In summary, while PEPE has shown promising growth, its future largely depends on its ability to decouple from Ethereum’s price movements. High outflows from exchanges and retention in non-custodial wallets indicate a potential bullish outlook. Nevertheless, a close watch on ETH’s market trends and broader market sentiments is crucial for PEPE investors to navigate potential risks and capitalize on opportunities.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |