PEPE's price dropped by 7% to $0.00001036 in the past 24 hours, despite the broader cryptocurrency market gaining 5%. This correction follows a strong performance, with PEPE up 30% in a week, 100% in a month, and 500% in a year. The decline is largely due to profit-taking after a robust start to the week, spurred by meme-stock trader 'Roaring Kitty' returning to X. Given PEPE's popularity among whales, a rebound is likely soon. Despite the recent dip, PEPE remains significantly in the green, indicating its ongoing strength in the market.