The post Pepe price falls over 20% while Pepe Unchained presale raises $2.5m appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe is down 22% in a week, while new memecoin Pepe Unchained raises $2.5m in presale amid bullish analyst forecasts. The memecoin market has taken a beating this week, and Pepe is worse for wear, down 22% in a week. However, a new Pepe alternative has emerged. The new presale memecoin Pepe Unchained has shown continued strength, with it now having raised over $2.5m amid bullish forecasts from analysts. Pepe price falls amid broader market slump For crypto bulls, it’s been a lackluster couple of months. The market follows Bitcoin, and BTC is down 24% from its 14 March all-time high (ATH). Consequently, crypto prices have been hit across the board, and Pepe is one of the biggest losers this week. Falling from $0.000009249 on Sunday, Pepe is currently trading at $0.000008417. That represents a 10% loss in the last day. However, its bearish momentum is even more pronounced on higher time scales. Pepe is down a whopping 28% this week, 35% this month, and 50% from its 27 May ATH. That said, the token has seen a strong 16% uptick in 24-hour trading volume today, reaching $786 million. This makes Pepe the most-traded memecoin today, eclipsing Shiba Inu and Dogecoin despite a significantly lower market cap. Put differently, traders are paying close attention to the frog-themed memecoin. That’s also apparent on social media, with memecoin traders voicing their opinions on Pepe’s next move. “PEPE just closed under the 10-day moving average on the weekly chart, meaning there is a low chance of recovery (short term) unless we get an outlier, such as a Coinbase listing or trading begins for the Ethereum ETF,” said Pepe Maxi. However, others are…

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Filed under: News - @ July 8, 2024 9:16 pm