Over the last 24 hours, all of cryptocurrency was painted in red. In particular, the meme coin market took a huge hit. Dogecoin, Shiba inu and Pepe coin (PEPE), among others, were pushed to the back burner. PEPE hit a new high of $0.00002825 eleven days earlier. Now, however, it is only trading at 45% of its previous peak. Will PEPE gain from the asset’s recovery over the weekend?
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PEPE Records Drop Double Digits
In the last 24 hours the meme coin has experienced a steep decline of 20 percent. PEPE traded at $0.00001544 when this was published. The crypto currency was at $0.00001960 in the early hours of today.
The recent drop of this asset is related to the market’s overall decline. In response to the US stock market’s recent downturn and another Fed rate cut, the cryptocurrency market has hit resistance levels. Remember that PEPE’s recent setback could represent a potential uptick.
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Estimated PEPE price
Pepe Coin is expected to rise by 20% over the next few days. The meme coin is expected to trade for $0.00001763 on December 22.
In the midst of this, Binance’s cryptocurrency exchange Binance received $2.72 in 150 billion tokens called PEPE from a whale. The whale took out exactly the same amount on November 28, which is interesting.
A whale has deposited 150B after the recent market decline $PEPE(2.72M $) #Binance To stop loss.
Whale withdrew up to 150B $PEPE(2.944M $) and 60B $SHIB(1.52M $) #Binance The 28th of November is a day to remember.
The whale will lose $219K at current prices. $PEPE Spend $136K to get a new car $SHIB.… pic.twitter.com/kGDa9K7Z7z
— Lookonchain (@lookonchain) December 19, 2024
It was worth $2.9 million. The 150 billion PEPE were valued at $2.9 million. data Lookonchain, a prominent company, recently revealed this information. As the frog cryptocurrency’s price dropped in the past 24 hours, it seems that more whales are interested.
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Source: watcher.guru
