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A closely followed crypto strategist is issuing another dire warning about altcoins as one Dogecoin (DOGE) rival abruptly plummets. Pseudonymous analyst Credible Crypto tells his 346,000 followers on the social media platform X that Pepe collapsed against Bitcoin (BTC) in just days and other altcoins may soon see similar price action.
PEPE Coin, a popular memecoin that emerged earlier this year, is experiencing a surge in trading activity and questionable transactions.
The price of Pepe (PEPE) tumbled over 18% Friday after the meme coin's team transferred almost 4% of its total supply to exchanges without warning, igniting fears of a potential rug pull.
In the wake of the meme token's meteoric ascent, pepe (PEPE) has plummeted by over 17% in the last 24 hours. Buzz on social media suggests a significant amount of funds held by the development team are being transferred to exchanges. Moreover, alterations have been made to the team's multi-signature wallet.
Pepe Coin Price Prediction - PEPE has gained a bearish outlook after breaking a critical support level. Bulls needs to reclaim $0.0000106 soon.
PepeCoin (PEPE), a meme cryptocurrency inspired by the famous "Pepe the Frog" meme, has secured a listing on GroveX, a leading Australia-based cryptocurrency exchange.
Numerous Doge lovers have touted Pepe as the next big thing in the meme coin market, even going so far as to predict that it could outperform the original meme coin, Dogecoin, in the upcoming bull market.
PEPE, the once-promising meme coin that garnered attention in the past quarter, suffered an unforeseen blow on Thursday as it succumbed to the grip of FUD (fear, uncertainty, and doubt). Despite making waves in recent months, PEPE's momentum fizzled out by August, exacerbated by a wave of negative sentiment that battered the altcoin.
The frog-themed crypto currency Pepe (PEPE) is seeing a significant price sell-off. At the time of writing, PEPE was down 19% in the last 24 hours to $0.00000088.
PEPE's price experienced one of its worst trading days amid the latest reports.
Pepe devs have reduced the multi-sig requirements from eight to two, leading some to speculate foul play.
This transaction followed this same whale's previous transactions on 5 June 2023 where he spent 280 Ethereum (worth $507,000) to acquire 500 billion PEPE.
In an astonishing twist of fate that sent shockwaves through the cryptocurrency landscape on Thursday, the PEPE meme coin, a whimsical digital currency, experienced a seismic upheaval. The repercussions were profound as a vast deluge of PEPE tokens inundated multiple crypto exchanges, triggering a tumultuous decline in the coin's valuation.
Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the $26,000 level on Friday. Ethereum (CRYPTO: ETH), also recorded losses, but traded above the key $1,600 mark this morning.
The popular frog-based meme coin PEPE has plummeted as the team remains silent on several large token transfers to exchanges.
Pepe's price dropped 18% after over $15 million in the meme token moved to crypto exchanges on Thursday.
In total, more than 16 trillion tokens were moved on Thursday, August 24, which had a noticeable impact on the market. The amount represents 3.8% of the token's total market supply.
Despite 78% of holders in the red, PEPE becomes a highly affected meme coin in the bear market. With the recent correction, the PEPE prices undermine the bullish dominance at the demand block of $0.000001050 with a head and shoulder breakout.
The Pepe coin has witnessed a steady correction over the past six weeks, falling with a series of lower highs and lows. The downfall initiated from the $0.00000188 high, tumbled the price by 57.6% to reach the June low of $0.00000082.
The crypto world has again been rocked by a significant price drop, this time involving the special case of Pepe, an animal-themed memecoin that has caught the attention of many investors.
Pepe (PEPE), one of the most popular meme coins of the last period, was shaken by suspicious movements in contract addresses. These movements, which were detected by the community, raised various allegations and some suspect a rug pull.
A prominent whale in the digital currency space has once again demonstrated their fervor for non-fungible tokens (NFTs) by purchasing a significant amount of the popular $PEPE tokens.
Aside from PEPE, the other alts with notable losses over the past 24 hours include SUI, IMX, and KCS.
The PEPE token registered a sharp decline in price after millions worth of the meme token flooded prominent crypto exchanges such as Binance, Bybit, and OKX. The PEPE token is the third largest meme coin by market capitalization and has been the best-performing crypto asset of the ongoing year.
