Among all meme assets, Pepe (PEPE) had the biggest prevalence of this type of mid-range retail wallet. The token also has a relatively long history, in addition to the meme’s Internet presence.

Retail sentiment on Stocktwits around Pepe was in the ‘bearish’ zone as traders exit riskier positions. Pepe, which gained popularity in speculative rallies last year, has been the hardest hit ...