PEPE, often referred to as the first “frog coin” and a well-liked meme cryptocurrency among its community, has shown poor performance this week, ranking second from best. However, cryptocurrencies linked with artificial intelligence (AI) have had an impressive beginning to 2025.
PEPE closes first 2025 week in red: Worst start of year
The popular meme-based cryptocurrency, PEPE, has dropped about 4% in value over the past week. This decline has caused its market capitalization to shrink by $360 million, and if this trend continues, PEPE could slip out of the top 25 largest cryptocurrencies by market cap. Currently, the price of PEPE is nearing a significant point where it might dip below $0.00002 in its pairing with USDT (Tether).
Other than stablecoins, only two cryptocurrencies, namely Pepe (PEPE) and Hyperliquid (HYPE), ended the first week of 2025 with a decrease in value. Specifically, over the past 24 hours, Pepe (PEPE) has experienced a 3.5% reduction in market capitalization.
As an analyst, I’ve noticed a puzzling dynamic within the meme coin sector over the past day. Despite the enthusiasm surrounding these coins in the community, we’ve seen significant liquidations amounting to over $25 million in major meme coins like DOGE/USDT, PNUT/USDT, WIF/USDT, PEPE/USDT, and AI16Z/USDT. It appears that traders in these pairs have borne the brunt of this market turbulence.
Among the top 200 cryptocurrencies listed by CoinGecko, a total of 24 are classified as meme coins. Interestingly, out of these 24, only one – Akuma Inu (AKUMA) – has shown a positive growth trend over the past 24 hours.
All major meme coins are losing value, while SPX, POPCAT, WIF, MOG see double-digit losses.
AI agents stealing spotlight from meme coins
The cryptocurrency market’s standard has plummeted by 4.6%, with Bitcoin (BTC) falling short of maintaining its value above $100,000 for the fifth time. In other words, the price of BTC has been pushed down by bearish investors once more.
The top-performing sector at the moment is AI-linked cryptocurrencies. These are digital currencies that have some connection to AI or artificial intelligence agents. They are essentially simple software programs built using AI and Machine Learning (ML) technology.
AI16Z, ELIZA and ZEREBRO are examples of these coins.
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2025-01-07 19:44