Pepe (PEPE), the popular memecoin, has experienced a significant decline, dropping 38% over the past month. Currently, PEPE is trading at $7 for 1 million tokens, marking a 3.3% decrease in the last 24 hours and a 26.8% drop over the past week. This downturn deviates from the typical bullish trend seen in October across the cryptocurrency market. Since its rise to fame in April 2023, PEPE has struggled to maintain its momentum, now sitting 74% below its December 2024 peak of $0.00002803. The prospect of PEPE reaching $1 per token appears highly unlikely, as it would require an astronomical increase of over 14 million percent, resulting in a market cap that would surpass the global GDP.