"PEPE is currently encountering a significant potential downside risk of approximately 15%, primarily due to a sharp decline in trading volumes and a notable drop in on-chain activity. This situation raises concerns among investors and analysts alike, as the decrease in both trading engagement and on-chain transactions may indicate waning interest and confidence in the asset, potentially leading to further price erosion."
source: https://www.coindesk.com/markets/2025/09/04/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge