The once-hot Pepe (PEPE) coin has lost its shine in the past month.
PEPE is down over 22% since late September, and trading volumes have also plummeted.
Now, some traders are eyeing another frog-themed crypto – Pepe Unchained (PEPU) – which has gone viral in its ICO phase.
PEPE Price Crashes as Trading Volumes Dry Up
PEPE’s market position right now isn’t looking great.
The coin broke below a critical price level last Friday, dipping under $0.000010, and sellers haven’t let up since.
Currently trading at $0.0000089, PEPE’s decline seems to be picking up steam.
While PEPE is still the second most-traded meme coin on the market, the numbers are concerning.
Daily trading volume has shrunk to $485 million – a far cry from late September.
Derivatives traders seem to be losing interest too, with falling open interest across major exchanges.
Hot on PEPE’s heels is First Neiro on Ethereum (NEIRO), which has been steadily gaining market share.
So, what’s behind this sell-off?
There doesn’t seem to be an obvious trigger, meaning it’s likely a case of natural profit-taking after PEPE’s impressive run in mid-October.
The big question is: has the PEPE hype fizzled out, or is this just another dip before the next pump?
Technical Analysis Points to Further Downside for PEPE
Looking at the technical picture, PEPE is signaling more pain ahead.
The chart is forming a classic bear flag pattern on the 4-hour timeframe – and these patterns typically resolve to the downside.
The next major support level sits at $0.0000079, suggesting PEPE could drop another 12% before finding its footing.
Adding to the bearish outlook, PEPE has slipped below the 50-period EMA on the 4-hour and daily charts.
Plus, the coin’s RSI is hovering around 41.
While that might sound low, it’s nowhere near oversold territory.
That suggests there’s still plenty of room for sellers to push price lower.
For PEPE to stage a comeback, it needs a serious catalyst.
Some traders point to the upcoming U.S. election, betting that a Trump win could spark a meme coin rally given his crypto-friendly stance.
But that’s a big “if” – and the election is still over a week away.
Right now, the path of least resistance points downward for PEPE.
Traders Eye Pepe Unchained’s $22.9M ICO as Next Opportunity for Big Gains
While PEPE struggles for momentum, some traders are shifting their attention to Pepe Unchained – an ICO project that’s raised $22.9 million.
Currently priced at $0.01179, PEPU isn’t just another frog-themed meme coin.
It’s bringing something new to the table: genuine utility.
Pepe Unchained’s core feature is a Layer-2 blockchain solution called Pepe Chain, designed just for meme coin trading.
Think of it like a highway for meme coins, promising transactions up to 100 times faster (and much cheaper) than Ethereum.
The project is also rolling out a comprehensive ecosystem around this Layer-2.
It’ll include staking rewards, instant bridging to Ethereum, a block explorer, and even a custom-built DEX.
What sets Pepe Unchained apart from PEPE is its focus on solving real problems in the crypto market.
While PEPE rides on pure meme momentum, Pepe Unchained is building infrastructure that could make meme coin trading more efficient.
YouTuber KIFS Crypto is excited by this prospect.
Recently, he told his 50,000+ subscribers that he had invested in PEPU.
Fellow YouTuber ClayBro went further – speculating that PEPU could be the “next major meme coin to explode.”
Ultimately, with PEPE losing steam and Pepe Unchained gaining momentum, early investors might be looking at the next big opportunity in the meme coin niche.
Visit Pepe Unchained ICO
This is a sponsored brand spotlight content post. Learn how to reach our audience here. Read disclaimer below.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
