Crypto’s third largest meme coin by market capitalization, the $4 billion Pepe ($PEPE), has seen significant price swings in the last 24 hours after a major whale transaction.
According to data by CoinGecko, Pepe fell 3.3% in the last 24 hours and 29% in the last week to trade at $0.059552 as of this writing.
This makes crypto’s favourite non-doge meme coin the worst-performing funny token among those with market caps upward of a billion dollars, although the downtrend does little to affect its status as one of crypto’s best meme coins.
Relatively speaking, Pepe’s downturn is only marginally bigger than that of the other leading meme coins. Market leaders Dogecoin ($DOGE) and Shiba Inu ($SHIB) both dropped by almost 2% while Donald Trump’s official $TRUMP coin shed 2.8%.
So, Pepe’s dip is not entirely anomalous, however it may have been exacerbated by the fact that a whale withdrew 375.35 billion $PEPE ($3.71 million) from Binance yesterday.
Pepe Price Performance – Is PEPE About to Bounce?
According to data from CoinGecko, support and resistance have been declining since early December, as shown by their respective green and red diagonal lines on the chart below.
$PEPE attempted to mount a recovery on the night of January 31st but faced resistance at $0.000014 and has now slipped below the crucial $0.00001 foothold.
Source: TradingViewThe relative strength index sits at 49.73 and falling, with the token rarely punching above 50 throughout February so far.
This highlights more selling momentum than buying.
Should whales continue cashing out, Trump’s $3.5 billion dollar cap official meme coin may flip Pepe ($PEPE) for third place in the meme coin market.
Whales exit Pepe for AI meme coin MIND of Pepe ($MIND)
Many have questioned Pepe’s supremacy as the largest non-doge meme coin. Trump’s official $TRUMP coin recently flipped it for third place in the meme coin market, although the stalwart Pepe quickly bounced back to third again—a strong indicator of the loyalty Pepe’s brand has inspired among whales.
However, it’s facing stiff competition in the presales market, where a couple of more functional Pepe coins have been raising eye-watering investments before launch. Pepe Unchained ($PEPU) raised $74 million at the end of last year, while Wall Street Pepe ($WEPE) has taken in $70 million.
The newest addition to Web3’s ever popular frog brand may be its most lucrative (and intelligent) yet. It’s a new meme coin/AI agent hybrid called MIND of Pepe ($MIND).
More than a meme coin, MIND of Pepe is a superintelligent crypto assistant, trading bot and social media bot that is active on X and Telegram.
As a crypto oracle, MIND of Pepe monitors trending topics, tracks crypto’s seismic market shifts, scans political commentary for the next hot PolitiFi token, and brings its findings exclusively to loyal $MIND holders.
When the program launches, the team will unleash MIND of Pepe on the project’s official X and Telegram accounts, where it will even have the capacity to devise innovative strategies and even propose projects, protocols, and strategic collaborations to industry actors and whales.
The software continuously updates itself, ensuring £MIND holders are the most well-informed crypto traders.
MIND of Pepe is also on Telegram, where it operates similarly to how it does on X, but for a constantly-growing exclusive Telegram community.
The presale raised over $500,000 within its first 24 hours, and in little over three weeks, total $MIND investments have reached over $5.3 million.
You can follow MIND of Pepe on Telegram and X (formerly Twitter).
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