{"id":40570,"date":"2025-08-05T16:01:55","date_gmt":"2025-08-05T16:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40570"},"modified":"2025-08-05T16:01:55","modified_gmt":"2025-08-05T16:01:55","slug":"pepe-sinks-32-from-july-high-as-traders-capitulate-on-tariff-jitters","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40570","title":{"rendered":"PEPE Sinks 32% From July High as Traders Capitulate on Tariff Jitters"},"content":{"rendered":"<div>\n<p>Meme-inspired cryptocurrency PEPE lost nearly 4% of its value in the last 24-hours amid a broader market sell-off affecting most cryptocurrencies.<\/p>\n<p>Former BitMEX CEO Arthur Hayes sold his $414,000 position in the memecoin, citing <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/02\/arthur-hayes-dumps-millions-in-crypto-amid-bearish-bet-on-u-s-tariff-impact\">macroeconomic risk<\/a> on the potential impact of U.S. tariffs in the third quarter of the year. Hayes\u2019 sale also included other altcoin holdings as he accumulated stablecoins.<\/p>\n<p>Hayes pointed to weakening U.S. economic conditions and a sweeping new tariff policy set to take effect on August 7, which will apply levies of up to 41% on imports from more than 90 countries.<\/p>\n<p>The policy has sent jitters through the crypto market, affecting speculative assets like memecoins. PEPE\u2019s price fell from a high of $0.00001083 to a low of $0.00001002, with a total of 3.26 trillion tokens changing hands during the downturn, according to CoinDesk Research&#8217;s technical analysis data model.<\/p>\n<p>That spike in volume suggests capitulation by some traders. The token eventually settled near its session low where it\u2019s currently trading.<\/p>\n<p>The drawdown follows a brief rally that had seen PEPE test resistance around the $0.00001080 level. But sellers overwhelmed buyers in the final trading hour, reversing gains and pushing the token into negative territory.<\/p>\n<p>Despite a modest recovery in the last minutes of trading, alongside a drop in volume that may indicate seller fatigue, sentiment remains weak. PEPE is now down 32% from its mid-July peak, mirroring a broader pullback in the meme coin sector.<\/p>\n<p>The wider memecoin sector, as measured by the CoinDesk Memecoin Index (<a href=\"https:\/\/indices.coindesk.com\/coindeskmeme\">CDMEME<\/a>) index dropped 22.4% over the same period.<\/p>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meme-inspired cryptocurrency PEPE lost nearly 4% of its value in the last 24-hours amid a broader market sell-off affecting most cryptocurrencies. Former BitMEX CEO Arthur Hayes sold his $414,000 position in the memecoin, citing macroeconomic risk on the potential impact of U.S. tariffs in the third quarter of the year. Hayes\u2019 sale also included other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40570","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40570"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40570\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}