PEPE and Memecoins Are Back Where 2,500% Rallies Began

Memecoins feel abandoned again. Liquidity is thin. Volumes are quiet. Most charts look broken. Many tokens are down 80% to 99% from their highs, and sentiment across the sector feels worse than it did during large parts of the 2022–2023 bear market. That kind of mood usually marks the end of interest, not the start