**PEPE Slips to Rank 22 by Market Cap—Bold Traders Finding Opportunity in Volatility**

PEPE has just dropped to the 22nd position in terms of makecap rankings, marking a notable shift in the token's market standing. With a current circulation market cap of $2.96B as of January 4, 2026, this movement reflects the intense trading dynamics surrounding the token.

The volatility surrounding PEPE continues to attract a specific type of trader—those who thrive on high-stakes market movements. The token's sharp fluctuations have become something of a signature characteristic, drawing in participants who aren't faint of heart. For traders seeking exposure to aggressive price action, PEPE remains a compelling choice despite its ranking adjustments.

This makecap repositioning demonstrates how quickly sentiment and trading volume can reshape a token's market hierarchy. Rather than a sign of weakness, some market participants view this as an entry point, capitalizing on the token's notorious unpredictability. If you're the type of trader who gets energized by extreme volatility rather than intimidated by it, PEPE continues to deliver exactly what its community is known for.