The post PEPE Sees Further Drop as PEPETO Becomes Biggest New Token appeared on BitcoinEthereumNews.com.

Pepe continues its downward trend, leaving investors concerned about its future. As Pepe struggles, Pepeto, has emerged as the latest sensation in the memecoin market. While Pepe’s performance falters, Pepeto is attracting interest as a strong and promising contender, claiming the spotlight with innovative features and a compelling narrative. Pepeto Emerges as the New Leader Pepeto, dubbed the god of frogs, is making a strong entrance into the memecoin space. Its narrative revolves around six sacred documents representing Power, Energy, Precision, Efficiency, Technology, and Optimization. These principles form the foundation of Pepeto’s strategy to dominate the crypto market.  Pepeto’s 420 trillion token supply is strategically allocated to ensure sustainability. 30% is reserved for staking rewards, incentivizing long-term participation. An additional 30% is allocated to the presale phase, providing ample liquidity. Marketing efforts receive 20% of the supply, targeting campaigns and influencer partnerships to drive adoption. 7.5% is dedicated to ongoing development, ensuring the ecosystem continues to improve post-launch. The remaining 12.5% is allocated for liquidity management, maintaining smooth trading conditions. Pepe Faces Persistent Decline Pepe trades price around $0.00001496 and has dropped 11.25% over the last 24 hours and 13.17% over the past week. Its market cap is $6.35 billion, with a circulating supply of over 420 trillion coins. The decline in Pepe’s derivatives market has been sharp, with trading volume plunging by 54.71% to $1 billion. Open interest has fallen by 11.28%, now at $458.64 million, reflecting weak trader interest. Bearish sentiment dominates Pepe’s market, with a long/short ratio of 0.8737, highlighting an inclination toward short positions. Binance reflects this sentiment, while OKX shows a more optimistic ratio of 3.44. Over $4.27 million in long positions were liquidated in 24 hours, further indicating downward price pressure.  Core Features Driving Pepeto’s Popularity Pepeto brings unique functionalities to the memecoin ecosystem.…

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Filed under: News - @ January 26, 2025 3:05 am