Pepe (PEPE) had an explosive run this month, but it appears that it is losing traction in May’s final week, which has investors turning to alternative meme coins.
One token that’s been catching eyes is MIND of Pepe (MIND), which is preparing to list on exchanges after its $10 million+ presale ends in 5 days.
Pepe Experiences a Momentum Shift as Profit-Taking Ensues – Will the Support Hold?
Reaching an all-time high (ATH) at the $0.00002825 level in December, Pepe took a downturn alongside the broader market since then, with the first week of April seeing it dip to as low as $0.000006312.
Fluctuating below the $0.00001 mark over the next 30 days, Pepe stunned the market with a tremendous surge on May 8th, which it entered priced at 0.00000824. The push above critical resistance levels kickstarted Pepe’s soar to the $0.00001618 mark it reached on May 23rd.
The 96.52% surge in Pepe’s value between May 8th and 23rd represented an excellent opportunity for profit-taking, which led to a sharp decline in its value by May 25th, when the token dipped to the $0.0000129 range.
According to Lookonchain, trader James Wynn closed all his long positions on PEPE on May 24th, securing a profit of $25.19 million, signaling reduced confidence in PEPE’s short-term upside.
Top trader @JamesWynnReal closed all his long positions on $PEPE for a total profit of $25.19M.
He’s now gone all-in on $BTC longs, with a position of 11,588 $BTC($1.25B) and a liquidation price of $105,180.https://t.co/bhvDtxyxdL pic.twitter.com/zJT1UbrNBi
— Lookonchain (@lookonchain) May 24, 2025
Although Pepe found support at $0.0000129 on May 25th, bouncing back above its key support level of $0.00001303 shortly after, it is showing signs of weakness that could result in a prolonged dip and consolidation phase for the token if the support doesn’t hold.
While Pepe’s technical indicators remain bullish, with its current price remaining above its 50-day and 200-day Simple Moving Averages (SMA) of $0.000009768 and $0.00001063, it has established itself as a highly speculative asset with no intrinsic utility.
As such, Pepe’s price swings are often driven by social media hype and large volume trades, leading to extreme volatility. With the recent shift in sentiment introducing uncertainty, Pepe may enter a consolidation phase, with investors potentially shifting to other Pepe-inspired projects that could outperform it.
In case Pepe’s descent continues, a strong buy zone will form between the $0.00001139 and $0.00001237 support levels, especially if its current Relative Strength Index (RSI) of 59.74 moves closer to the oversold territory.
While some experts anticipate a 2x move for Pepe from its current levels in July, the AI meme coin MIND of Pepe is emerging as a potentially more explosive alternative.
Next 100x Meme Coin? Five Days Left to Buy MIND of Pepe Before Launch
MIND of Pepe currently boasts $10.3 million raised, with $300,000 added to its funds counter during Pepe’s dip between May 23rd and 25th, potentially signaling a shift in investor interest.
Combining AI agent technology with Pepe’s memetic appeal, the token, currently priced at $0.0037515 each, is attracting significant attention as it offers unique holder benefits.
Purchasing MIND during the presale also provides early backers with a first-mover advantage that will grant them exclusive early access to the MIND AI agent’s actionable market insights and predictions.
Those holding MIND will soon gain access to its terminal, allowing them to communicate with the AI agent as it identifies the most profitable investment opportunities in the market.
The MIND AI agent will even launch its own meme coins, with holders getting first access to new promising opportunities.
With a huge investor backing, unique model and exciting roadmap, MIND of Pepe could well be the next big meme coin launch when it lists on exchanges in early June. Some experts are even predicting that the token could 100x.
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