Pepe's price fell 9% to approximately $0.0000058 as the memecoin market experienced a significant sell-off. Other notable memecoins, including Dogecoin and Shiba Inu, also saw declines, with Fartcoin plunging 13%. The downturn comes as investors shift focus towards privacy coins, leading to profit-taking in the memecoin sector. The broader memecoin market's total capitalization decreased by nearly 4% to $44.9 billion, with daily trading volume dropping 19% to $5.7 billion. Dogecoin fell 5% to $0.14, while Shiba Inu decreased by 4% to $0.0000085. Solana-based Bonk and Floki also recorded losses, down 7% and 8% respectively. The sell-off reflects a broader market repositioning as speculative enthusiasm wanes.