Let me clear first! This is "Pepverse", another memecoin different from original pepecoin! Aww i don't really like any memecoin specially pepe was able to draw my attention due to its hype everywhere but pepe lost around 50% of its value within a month and still going below! What does it indicate? It indicates pepe will go more below with time as hype will less with time. So can't think about pepe related another project perverse.
I think it is pretty expected if you are on crypto for a while now. As soon as the project loss its hype, it will go down in value like a slope. This is why I don't like shitcoins or memecoins because there aren't a thing that is backing their tokens like some utility that will make people still want to buy it. As soon as people realize that it's not profitable anymore, they will sell and never look at it again. Majority of memecoins and shitcoins are just a money grabbers machine and a dispossable token.