Pepecoin, the OG green frog meme coin, had a rough week.

$PEPE is down nearly 21% over the past seven days as the euphoria of Bitcoin’s surge above $100K wears off slightly.

Meme coins, more even than most stable cryptos, react to the mood of the broader market. $PEPE is no exception. As $BTC takes a breather, some investors take profits, and $BTC’s price settles in just above $100k, $PEPE is feeling the pinch.

So much, in fact, that Pepe has decided to spice things up with an OnlyFans account.

Will it work? Only time will tell. But in the meantime, there’s never been a better time to look at $PEPE alternatives – and Wall Street Pepe is stepping in to take up the challenge.

Here’s what we know about the current state of affairs in the meme coin market, and why $WEPE could supplant $PEPE as the green frog of choice.

$PEPE Steps Back

Over the past seven days, $PEPE has seen a slight decline. The market cap remains north of $8B but has fallen 22% over the past week.

In short, $PEPE’s hot pace from November into early December has finally cooled. 

That’s in keeping with broader crypto trends. In light of a rough stretch for the US stock markets and news of another Fed rate cut, crypto markets are testing resistance levels and relaxing a bit from the surge of the past few weeks.

It’s worth noting that even $PEPE’s step back is still a step forward overall.