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A widely followed cryptocurrency commentator made a bold prediction about the potential of the frog-themed token Pepe (CRYPTO: PEPE) on Sunday, likening its structure to that of Dogecoin (CRYPTO: DOGE) during the 2021 bull market. What Happened: Iyx, known for studying chart patterns of popular meme coins, said that the potential of PEPE's next move is “unlimited,” drawing a parallel with Dogecoin's explosive run to $90 billion market valuation in 2021.

Pepe price has gone through a downswing in response to the increased bearish market conditions led by the recent, and possibly the biggest, crypto hack. The Bybit hack led to the loss of over $1.5 billion, leading to all high-cap tokens tumbling, with Pepe being one of the victims.

Mutuum Finance (MUTM) is racing ahead as one of the most explosive opportunities in the crypto market, with its opening presale phase already nearing a sell-out. Over $1 million has poured into the project within days, fueled by a surge of 2,300 early holders scrambling to lock in tokens at the current price of $0.01.

PEPE could be set for more downside, but is that the full story?

PEPE price surged 6%, defying market turmoil after Bybit's $1.4 billion hack—could this be the start of a major rebound? PEPE rebounds 6% as traders bet on Ethereum gains from Bybit Hack PEPE suffered considerable losses on Friday, mirroring the $75 billion crypto market capitulation in the aftermath of the Bybit hack.

Frog-themed cryptocurrency PEPE rose 6% alongside the larger crypto market in the early Friday session on news that the U.S. Securities and Exchange Commission (SEC) is set to drop charges against the Coinbase crypto exchange.

Rexas Finance is emerging as a meme coin contender, poised to surpass PEPE and change the DeFi market. #partnercontent

The market intelligence platform IntoTheBlock has revealed how Pepe & other memecoins are currently going through a decline in on-chain activity.

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010.

Glauber Contessoto, popularly known as SlumDOGE Millionaire , advocated buying ‘conviction plays' like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market. What Happened: SlumDOGE Millionaire encouraged his X followers to seize the opportunity presented by the ongoing correction to invest in meme coins “like there's no tomorrow.

The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.

Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.

The Pepe price has been navigating extreme volatility throughout February, but recent whale activity may be hinting toward a bottom. The post PEPE Trading Volume Explodes 164% – Are Whales Preparing for $1 PEPE? appeared first on Cryptonews.

Pepe (PEPE) price, the frog-themed memecoin, has seen a sharp decline, losing 40% of its value over the past month. After briefly touching $0.000028, the token struggled to maintain momentum and is now facing further downside risks.

The crypto market is having a hard time gaining positive movement, and meme coins are particularly suffering. This has caused the price of PEPE to stabilize within a bearish region for an extended period. Also, on-chain metrics indicate a possible 20% drop in value because buyers couldn't overcome resistance levels.

According to on-chain analytics platform Glassnode, frog-themed cryptocurrency PEPE has seen a major deleveraging as Futures Open Interest across the meme coin sector has dropped significantly since their peaks.

Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector's future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.

The meme coins have noted massive volatile trading lately amid a broader crypto market downturn. Notably, top players in the segment like DOGE, PEPE, SHIB, FLOKI, and others have also gone through a topsy-turvy lately, sparking market concerns.

PEPE's breakout hinges on overcoming resistance, with a surge forecasted if key levels hold.

The market condition has once again turned bearish, pushing several crypto prices down, including PEPE price. However, investors might as well consider these top cryptos in order to earn profits in the days to follow.

Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let's explore why these altcoins have plunged and what to expect in the near term.

The volatility surrounding PEPE's price makes its next move crucial - will it solidify its support?

Pepe ($PEPE) briefly surged 5% in the early hours today, climbing from $0.00000976 to $0.00001028, making it one of the most volatile meme coins in the market.However, these gains were short-lived as a market-wide downturn quickly erased the rally, dragging the $4 billion asset back down.

The crypto market is showing mixed signals, causing some altcoins to climb while others experience declines. However, certain altcoins are catching investors' attention due to recent developments surrounding the tokens.