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Selling pressure on PEPE increased over the last few days, which might have resulted in a price correction.

Check out what factors can fuel an additional rally for DOGE, SHIB, and other leading meme coins this year (according to ChatGPT).

The meme coin boom in 2024 has attracted greedy speculators looking for quick gains in a player-vs-player trading landscape. Despite some successful stories that made it to the spotlight, most traders have accrued losses—as with a PEPE whale who lost over $300,000 in the last two days.

Contrary to the recent market movement, the Pepe coin price witnessed a notable outflow this week. The supply pressure from its previous all-time high resistance of $0.0000108 tumbled the asset by 18.8% to trade at $0.00000943.

Past week has been a roller-coaster ride for meme coins, with Dogwifhat (WIF) and PEPE taking center stage amid market chaos. WIF, a popular meme token on Solana, experienced a staggering 25% decline in value, plummeting from its weekly peak of $3.4.

Despite PEPE's recent resurgence, the gap between it and the leader in the meme coin sector - DOGE - remains quite significant.

The memecoin sector has experienced remarkable growth since the beginning of the year.

Crypto top gainers: PEPE, Arweave, and BONK are some of the low-cap altcoins that led the charge as bullish momentum returned to the crypto markets this week.

Is PEPE coin's 92% monthly run sustainable or due for a pullback? Top crypto analysts weigh in.

After having a greedy zone the previous day, the crypto market is returning to neutral today. However, the crypto market cap is still up by 1.7%, pushing the value to $2.41, the highest in weeks.

The recent surge in GameStop (GME) frenzy has spilled over into the cryptocurrency market, particularly impacting the meme coin sector.

So far, 2024 has undeniably been the year for memecoins. Countless new tokens have been released, and a handful of them have touted gains to the magnitude of thousands of percent.

A trader known for making accurate crypto calls is suddenly turning bearish on memecoins. Pseudonymous analyst DonAlt tells his 550,400 followers on the social media platform X that memecoin projects could suddenly collapse.

As the crypto market bounces back, with the Bitcoin price surpassing the $65,000 barrier overnight, the meme coins seem slightly under the weather. Under a healthy correction, they are awaiting their next massive jump. The meme coins could skyrocket soon, with the altcoins siphoning additional bullish momentum from the recovering market.

As TradingView's data suggests, PEPE has secured a massive 21% growth in the last few days. The asset has reached the $0.00001 threshold and is now aiming towards breaking the all-time high once more.

The recent market surge sees memecoins like PEPE and FLOKI outperforming giants Bitcoin and Ethereum.

PEPE, one of the largest meme coins in the crypto ecosystem has wiped out 4.19% of its value early on Thursday. The return of legendary trader “Roaring Kitty” associated with GameStop's 2021 rally catalyzed gains in top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Popcat (POPCAT) and PEPE, among others.

PEPE price emerged as one of the most impressive tokens this bull run as the meme coin hit a new all-time high this week.

Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately.

Within a few hours only, the whole dynamics of the market sentiments changed from neutral to greedy, causing a bullish situation for the market. Not only have the sentiments altered, but the performance of the cryptocurrencies has also changed, with some gaining huge peaks and some declining.

Shiba Inu price peaked at $0.000026 on May 16 having recorded a 20% bounce as Gamestop (GMR) rally spurred bullish retail activity across memecoin markets.

Is the memecoin season really back?

An ominous shadow looms over Pepe Coin's trajectory as an analyst issues a warning regarding potential risks of a downturn or impending retracement. With a keen eye on technical indicators, the analyst emphasizes the cryptocurrency's vulnerability, sending a cautionary signal to investors.

Meme markets were buzzing with excitement following the return of Keith Gill, better known as Roaring Kitty, famed for his pivotal role in the January 2021 GameStop short squeeze.