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news-imageFebruary 17, 2025

Pepe coin's $6b wipeout: will the meme coin recover or fall further?

Pepe, the third-largest meme coin in crypto, wavered over the last two weeks as its recent downtrend lost momentum. Pepe (PEPE) has held at the key support level of $0.000010, down 65% from its December high.
Publisher: Crypto news
Sentiment: Negative
PEPE

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cover-imageBenzinga
February 19, 2025

Is The 'Meme-Pocalypse' Here? Dogecoin, Shiba Inu, Pepe, Bonk Open Interest Craters Over 50%

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.

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