{ "slug": "why-is-pepe-down-today-2026-11-12", "question": "why is PEPE down today", "capturedAt": "2026-11-12T07:45:40.344Z", "source": "Spectre Search answer data (search.spectreai.io) and Spectre market, X and news records", "evidence": "Today is November 12, 2026 (2026-11-12).\n== MAIN QUESTION: why is PEPE down today\nSpectre headline: Why Pepe is down 15.6% today\nSpectre read: Pepe is −10.2% this week, in line with its backdrop: Ethereum trading slowed this week and Ethereum memecoins are down too (median −12.5%). Backdrop: Ethereum this week: DEX volume down 28% on the week before ($4.07B a day); ETH −15.6% in 7 days; Ethereum memecoins: median −12.5% over 7 days; 1 of 30 up. Recent catalysts: Nov 11: 3 Days till @joinfrontier London Grand Final. Team activity: Very active (4 posts in 7 days, 9 in 30).\nSpectre AI answer: Pepe is down 15.6% today, a pullback inside a broader Ethereum‑wide slide. Ethereum trading slowed this week, with DEX volume down 28% and ETH falling 15.6% over 7 days, while Ethereum memecoins averaged a 12.5% decline. The token itself has been very active, posting 4 updates in the last 7 days and 9 in 30, and a recent catalyst was the announcement on Nov 11 that the @joinfrontier London Grand Final is in 3 days. The liquidity remains healthy at $596.35 M.\nBigger picture (Spectre data; dollar figures in USD): {\"subject\":{\"id\":\"pepe\",\"symbol\":\"PEPE\",\"name\":\"Pepe\"},\"chain\":{\"name\":\"Ethereum\",\"native\":{\"id\":\"ethereum\",\"symbol\":\"ETH\",\"name\":\"Ethereum\"},\"dexDailyAvg7d\":\"4.07B\",\"dexChange7dPct\":\"-27.62%\",\"dex24h\":\"4.25B\",\"nativeChange7d\":\"-15.56%\",\"nativeSymbol\":\"ETH\"},\"sector\":{\"sector\":\"meme\",\"label\":\"memecoins\",\"chain\":\"Ethereum\",\"count\":\"30\",\"median7d\":\"-12.49%\",\"median24h\":\"-1.85%\",\"up7d\":\"1\",\"leaders\":[{\"symbol\":\"SHIB\",\"change7d\":\"-8.26%\"},{\"symbol\":\"PENGU\",\"change7d\":\"-14.29%\"},{\"symbol\":\"SPX\",\"change7d\":\"-7.21%\"}]},\"cycle\":{\"change24h\":\"-15.58%\",\"change7d\":\"-10.19%\",\"change30d\":\"7.84%\",\"change1y\":\"-53.01%\",\"fromHigh\":\"-84.12\",\"highDate\":\"2024-12-09T08:30:35.000Z\",\"since\":null},\"catalysts\":[{\"date\":\"2026-11-11T20:22:26.000Z\",\"text\":\"3 Days till @joinfrontier London Grand Final\",\"kind\":\"Official post\",\"source\":\"@solana\",\"url\":\"https://x.com/solana/status/2120613139717009812\"}],\"upcoming\":[],\"team\":{\"lastPostAt\":\"2026-11-11T20:22:27.000Z\",\"posts7d\":\"4\",\"posts30d\":\"9\",\"activeDays7d\":\"3\",\"state\":\"very\",\"label\":\"Very active\",\"handle\":\"pepecoineth\"},\"liquidity\":{\"volume24h\":\"596.35M\",\"turnoverPct\":\"31.9%\",\"thin\":false},\"disclosure\":null,\"marketTone\":{\"posts\":\"361\",\"bullPct\":\"73%\",\"bearPct\":\"21%\",\"baselineBullPct\":\"78%\",\"credibleBullPct\":\"78%\",\"credibleBearPct\":\"22%\",\"poorBullPct\":\"70%\"},\"crowd\":{\"mentions7d\":\"1549\",\"authors7d\":\"564\",\"velocity\":\"0.76\"},\"intel\":{\"cg_id\":\"pepe\",\"symbol\":\"PEPE\",\"generated_at\":\"2026-11-12T07:46:17.561Z\",\"xdash\":{\"as_of\":\"2026-11-12T07:25:25.308979+00:00\",\"mentions_24h\":\"203\",\"mentions_7d\":\"1549\",\"authors_24h\":\"125\",\"authors_7d\":\"564\",\"velocity_ratio\":\"0.76%\",\"pace\":\"below its usual pace\",\"novelty_ratio\":\"0.91%\",\"clean_signal\":\"0.714\",\"promo_share\":\"0.138\",\"unique_author_share\":\"0.616\",\"crowding\":\"0.126\",\"alerts\":[\"broadening\"],\"durability\":\"0.669\",\"coordinated_clusters\":\"6\",\"voices\":[{\"handle\":\"TheMEMELordx69\",\"name\":\"TheMemeLord🍀\",\"kind\":\"promoter\"},{\"handle\":\"Crypto_Moe84\",\"name\":\"Moe\",\"kind\":\"promoter\"},{\"handle\":\"PepeCZBinance\",\"name\":\"PEPE ON FIRE\",\"kind\":\"promoter\"},{\"handle\":\"TheAiGuy420\",\"name\":\"Mr. Pepe 🐸\",\"kind\":\"promoter\"},{\"handle\":\"__Vik_tor\",\"name\":\"Last Son\",\"kind\":\"promoter\"},{\"handle\":\"OmoatamanE\",\"name\":\"Trust God 🥞🥞🥞🥞🥞\",\"kind\":\"promoter\"}],\"segment\":\"major\",\"category\":\"BNB Chain Ecosystem\"},\"xdash_agent\":null,\"crowd_pressure\":{\"as_of\":\"2026-11-12T04:00:00.000Z\",\"crowd_pct\":\"73th percentile\",\"level\":\"busy\",\"drivers\":[\"liquidations vs OI (24h) high (+1.4σ)\",\"move in 72h low (-1.2σ)\",\"volume vs its week high (+0.8σ)\"],\"narrative\":\"Memes\"},\"brain\":null,\"sources\":[\"xdash\",\"crowd_pressure\"]},\"crowdPosts\":[{\"handle\":\"MichaelXBT\",\"text\":\"Chinese whales are aggressively accumulating $PEPE Follow the money A parabolic move is coming You have been warned\",\"at\":\"2026-11-10T13:32:23+00:00\",\"url\":\"https://x.com/MichaelXBT/status/2120147561356873780\",\"tone\":\"upbeat\"},{\"handle\":\"Learnernoearner\",\"text\":\"$PEPE short limit around 0.51 - 0.513 Stoploss placed right above todays high at 0.521\",\"at\":\"2026-11-08T18:24:56+00:00\",\"url\":\"https://x.com/Learnernoearner/status/2119496407367442446\",\"tone\":\"critical\"}],\"asOf\":\"2026-11-12T07:46:14.752Z\"}\nQuote Pepe (PEPE): price 0.00000445; 1h -2.46%; 24h -15.58%; 7d -10.19%; 30d 7.84%; 1y -53.01%; market cap 1.87B; FDV 1.87B; volume 24h 596.35M\nThe bigger picture: Ethereum this week: DEX volume down 28% on the week before ($4.07B a day); ETH −15.6% in 7 days; Ethereum memecoins: median −12.5% over 7 days; 1 of 30 up; Cycle: −10.2% 7d, +7.8% 30d, −53% 1y; −84% from its Dec 2024 high; Recent catalysts: Nov 11: 3 Days till @joinfrontier London Grand Final (@solana); Team activity: Very active (4 posts in 7 days, 9 in 30) (@pepecoineth); Talk on X: 1549 posts from 564 accounts in 7 days, below its usual pace (0.76x) (crowd opinion, not fact); Talk on X (24h): 203 posts from 125 accounts, below its usual pace; 6 copy-paste clusters, spreading to new accounts (crowd opinion, not fact); Crowd positioning: busy (73rd percentile): liquidations vs OI (24h) high (+1.4σ) (Spectre crowd-pressure board); Liquidity: $596.35M traded in 24h\nTechnicals PEPE (1d): signal leaning bullish; bullish 4 of 10; bearish 2; RSI 45.7; note Timeframes differ: 1H bearish, 4H bearish, 1D bullish, 1W mixed\nHeadlines: Pepe (PEPE) Analysis — Price, Fundamentals & Outlook — Spectre Intelligence ( 2026-11-11T08:04:39.044Z)\nFunding (rate per 8h; open interest in USD): [{\"asset\":\"BTC\",\"rate\":\"0.0041\",\"annualized\":\"4.5\",\"oiUsd\":\"29.43B\"},{\"asset\":\"ETH\",\"rate\":\"0.0028\",\"annualized\":\"3.1\",\"oiUsd\":\"13.89B\"},{\"asset\":\"SOL\",\"rate\":\"0.0014\",\"annualized\":\"1.6\",\"oiUsd\":\"3.27B\"},{\"asset\":\"HYPE\",\"rate\":\"0.007\",\"annualized\":\"7.7\",\"oiUsd\":\"2.27B\"},{\"asset\":\"FIL\",\"rate\":\"-0.0121\",\"annualized\":\"-13.2\",\"oiUsd\":\"1.44B\"},{\"asset\":\"XRP\",\"rate\":\"0.0052\",\"annualized\":\"5.7\",\"oiUsd\":\"1.37B\"}]\n[article · Spectre crypto · 2026-11-11T08:04:39.044Z] Pepe (PEPE) Analysis — Price, Fundamentals & Outlook | Spectre Intelligence — Overview Pepe (PEPE) is a community‑driven meme token launched on the Ethereum mainnet in early 2023. Its value proposition rests on viral branding, lo \n[x · cryptojack · 2026-11-12T02:00:17.000Z] Community post — DOGE has weakened significantly lately. Has Elon Musk switched from $DOGE to $PEPE? https://t.co/0cE7DTFq0l \n[x · Crypto_Moe84 · 2026-11-11T09:14:49.000Z] Community post — $PEPE And you cant do anything about it https://t.co/rqEFe87SBy \n[team · cartoonmoney_ai · 2026-11-11T08:00:19.000Z] Project post — cEnjin Coin has launched! cApe and Pepe has launched! cDusk has launched! Grab some with USDC at https://t.co/eZvYZmyCAX Virtual in-game coins. https://t.co/wnpK62mZLx \n[x · altcoinsherpa · 2026-11-10T21:35:55.000Z] Community post — coins that are holding up surprisingly well in the last day or 2: $PEPE $LIT $USELESS $XPL (gulp) \n[team · pepecoineth · 2026-11-09T18:03:02.000Z] Project post — knock knock $PEPE https://t.co/hF88BTqrWX \n[x · CW8900 · 2026-11-09T11:29:53.000Z] Community post — The B2C2 Group saw the their wallet value decrease by $34.43 million over the past week. They increased their holdings of $ETH, $MORPHO, $PEPE, $BNB, $POL, and $SKY. Conversely, they reduced their holdings of $BTC, $HYPE, $ENA, $VVV, $AAVE, $UNI, $LIT, $FET, … \n[team · 0x52BasedPepe · 2026-11-08T18:06:32.000Z] Project post — Appreciating the classical arts this weekend. 🧢🐸🎨 Based $PEPE \n[team · PepecoinNetwork · 2026-11-06T16:05:06.000Z] Project post — It's Free Pepe Friday!! Tag @PepecoinNetwork and comment with your Pepecoin address. We'll send you 1000 Pepecoin!! https://t.co/gbfdbLjy75 \n[x · cryptojack · 2026-11-11T14:24:38.000Z] Community post — Do you think $PEPE will be able to hold this support zone? https://t.co/H6Q6rwb5Ed \n[x · Crypto_Moe84 · 2026-11-10T20:07:10.000Z] Community post — $PEPE/ETH No time to explain https://t.co/wvtZFljf7P \n[team · pepecoineth · 2026-11-06T17:03:19.000Z] Project post — green wave $PEPE https://t.co/71zM3CSDQH \n[x · Crypto_Moe84 · 2026-11-10T19:48:21.000Z] Community post — $PEPE Pepe was there https://t.co/bX4Ww8SbwE \nX talk: 203 mentions from 125 accounts in 24h; official posts in 24h 0; 7d mentions 1549, accounts 564\nCROWD POST (opinion) @captainpepe0x69 2026-11-12T06:25:22.000Z: $PEPE is quietly building a case for a rally. https://t.co/dSpxaZB8iE\nCROWD POST (opinion) @Universal_hdl 2026-11-12T06:16:12.000Z: 🐸 $PEPE is more than just a meme — it's a community-driven movement! The next big move could come when nobody expects it. 👀🚀 Stay alert. Watch the charts. DYOR! #PEPE #PepeCoin #Crypto #Altcoins #Memecoins https://t.…\nCROWD POST (opinion) @TroelalaB 2026-11-12T05:31:53.000Z: Time to control the bears $PEPE 💚🐸 https://t.co/p6na8fbulp\nCROWD POST (opinion) @PepeCZBinance 2026-11-12T05:16:12.000Z: The frog never misses a meme cycle. 🔥 $PEPE 🚀🚀🚀🚀 https://t.co/rjlkbjdHih\nCROWD POST (opinion) @captainpepe0x69 2026-11-12T05:00:46.000Z: Hold your positions frens! $PEPE https://t.co/pLEHLP6SIm\nCROWD POST (opinion) @KorexLabs 2026-11-12T04:44:35.000Z: I said $PEPE will Hit $1, it doesn't mean PEPE won't retrace. Retrace are normal. Always prepare. #pepe https://t.co/YoOYNCVngQ\nAbout the project: What is the project about? Pepe is a community based meme token surround the iconic meme Pepe the frog. Pepe aims to leverage the power of such an iconic meme to become the most memeable memecoin in existence. What makes your project unique? Pepe is here to make memecoins great again. Ushering in a new paradigm for memecoins, Pepe represents the memecoin in it's purest simplicity. With zero taxes, liquidity locked f…", "sources": [ { "label": "Spectre crypto: Pepe (PEPE) Analysis — Price, Fundamentals & Outlook | Spectre Intelligence", "url": "https://app.spectreai.io/intelligence/crypto/pepe" }, { "label": "cryptojack: Community post", "url": "https://x.com/cryptojack/status/2120698164709622203" }, { "label": "Crypto_Moe84: Community post", "url": "https://x.com/Crypto_Moe84/status/2120445128527782392" }, { "label": "altcoinsherpa: Community post", "url": "https://x.com/altcoinsherpa/status/2120269247272386883" }, { "label": "CW8900: Community post", "url": "https://x.com/CW8900/status/2119754343444549838" }, { "label": "cryptojack: Community post", "url": "https://x.com/cryptojack/status/2120523097329602759" }, { "label": "Crypto_Moe84: Community post", "url": "https://x.com/Crypto_Moe84/status/2120246909835342066" }, { "label": "Crypto_Moe84: Community post", "url": "https://x.com/Crypto_Moe84/status/2120242176579997802" } ] }