Following several weeks of a significant surge in PEPE's price, its value has declined by over 50% in the past 5 days due to a spike in profit-taking by investors.
![Pepe [PEPE]: As profit taking intensifies, will memecoin bid farewell to price rally](https://images.cryptocompare.com/news/default/ambcrypto.png "Pepe [PEPE]: As profit taking intensifies, will memecoin bid farewell to price rally")
