Ethereum News Today: Layer Brett Emerges as PEPE Faces 32.47% Ethereum Decline

The Ethereum meme coin landscape is undergoing a pivotal shift as Layer Brett ($LBRETT) emerges as a notable challenger to PEPE’s long-standing dominance. As of August 9, 2025, PEPE trades at approximately $0.00001228, reflecting a 9.28% increase in the past 24 hours and a 9.30% rise in the last seven days. Over the past year, PEPE has posted a cumulative gain of 43.73%, with a current market cap hovering between $5.15 billion and $5.19 billion. The token maintains a supply of 420.69 trillion coins and continues to rank between 36 and 38 in overall market cap [1]. Despite this, recent data indicates a 32.47% decline against Ethereum over the past month, raising questions about its sustainability in the current market climate [4].

Layer Brett, a newer entrant in the meme coin space, is positioning itself with Ethereum Layer 2 scalability and a capped supply of 10 billion tokens. To date, its presale has raised over $150,000, and the project offers high staking yields—up to 20,000% APY for early investors. These features, combined with a $1 million community giveaway and a no-KYC policy, are attracting attention from both retail and institutional investors. While still less established than PEPE, $LBRETT’s strategic narrative of combining meme culture with functional utility has begun to gain traction [1].

The broader meme coin market is evolving, with projects increasingly focusing on scalability and lower transaction fees as Ethereum Layer 1 costs remain elevated. Competitors such as Shiba Inu, Dogecoin, and Bonk continue to influence the space, but $LBRETT’s Layer 2 ambitions represent a new trend. Analysts have suggested that the token could outperform PEPE in the coming months, though these projections remain speculative [6]. For example, a forecast for Brett (BRETT)—the underlying token of $LBRETT—suggests a potential rise to $0.06734 by 2026, based on a 5% annual growth rate [9]. However, such predictions should not be interpreted as guarantees or factual market conditions.

PEPE, while still a dominant force in the meme coin sector, is showing signs of waning relative strength. Its current market leadership is supported by high liquidity, strong social media engagement, and bullish sentiment driven by developments such as Bitnile’s acceptance of PEPE for payments. A Fear & Greed index of 74—indicating a "Greed" sentiment—further reflects ongoing investor confidence [1]. However, with the rise of $LBRETT and other Layer 2-focused projects, the market is signaling a growing appetite for innovation beyond traditional meme tokens.

The competition between PEPE and $LBRETT is not merely about price performance but also about narrative and utility. While PEPE has established itself as a cultural icon in the crypto space, $LBRETT is carving out a distinct identity by offering a blend of meme appeal and technical advancement. As the Ethereum ecosystem continues to evolve, investors are increasingly drawn to projects that address real-world use cases while maintaining the viral appeal of meme tokens [5].

Source:

[1] "PEPE Price Analysis: Is Pepe About To Lose Ethereum’s No. 1 Meme Coin Status To Layer Brett?" — [https://cryptodaily.co.uk/2025/08/pepe-price-analysis-is-pepe-about-to-lose-ethereums-no-1-meme-coin-status-to-layer-brett](https://cryptodaily.co.uk/2025/08/pepe-price-analysis-is-pepe-about-to-lose-ethereums-no-1-meme-coin-status-to-layer-brett)

[4] "Pepe Coin Price Chart & Market Cap" — [https://coincodex.com/crypto/pepe-token/](https://coincodex.com/crypto/pepe-token/)

[5] "Ethereum Faces 2025 Supply Shock as LayerBrett Soars..." — [https://www.ainvest.com/news/ethereum-news-today-ethereum-faces-2025-supply-shock-layerbrett-soars-20-000-apy-gains-meme-coin-momentum-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-faces-2025-supply-shock-layerbrett-soars-20-000-apy-gains-meme-coin-momentum-2508/)

[6] "Pepe Coin vs Layer Brett vs Dogecoin: Which Is The Best..." — [https://crypto-economy.com/pepe-coin-vs-layer-brett-vs-dogecoin-which-is-the-best-meme-coin-to-buy-now-for-50x-gains/](https://crypto-economy.com/pepe-coin-vs-layer-brett-vs-dogecoin-which-is-the-best-meme-coin-to-buy-now-for-50x-gains/)

[9] "Brett (Based)(BRETT) Price Prediction" — [https://www.bitget.com/price/brett-based/price-prediction](https://www.bitget.com/price/brett-based/price-prediction)