Pepe Drops 20% as Meme Coins Fall – Could Pepe Unchained Be an Alternative?

The meme coin market is in crisis, and the leader of this trend is Pepe (PEPE).

Over the past week, PEPE has fallen by more than 20%, sending shockwaves through the cryptocurrency community.

Amid all the chaos, a new project called Pepe Unchained (PEPU) is still doing well.

It promises to change things up with a Layer 2 scaling solution designed specifically for meme coins.

PEPE falls to new lows, investors expect a rebound

It’s been a tough week for PEPE holders.

The token value has dropped significantly and is currently around $0.0000095.

That’s a 21% drop since Monday – taking PEPE to levels not seen since May 20.

And PEPE’s technical data doesn’t look too good.

The token is heading towards its fourth consecutive day in the red, and if this trend continues, five of the last six weeks will end in the red.

Some investors, however, did not decide to completely delete PEPE.

There may be a glimmer of hope on the horizon – the daily chart is approaching the oversold zone.

Moreover, despite the sharp decline in PEPE shares, spot trading volume continues to grow, up 36% in the last 24 hours.

Could retail investors be bracing for a sharp rebound?

It is impossible to tell at this point, but given the history of wild price fluctuations in PEPE shares, an aggressive return to the green cannot be ruled out.

Meme Coin Market Is Crashing As All Major Tokens Are In The Red

It’s not just PEPE that’s feeling the pressure – the entire meme coin market is booming right now.

And not in a good sense of the word.

Market capitalization fell sharply, reaching $42 billion in the last 24 hours.

Additionally, spot trading volume drops to just $5.1 billion.

All the big brands are struggling, with Dogecoin, Shiba Inu, and Dogwifhat all down over 7%.

However, if you think this is bad, take a look at Popcat.

The value of this cat-themed token has fallen by 17% since yesterday and is currently hovering around $0.425.

The only meme coin that hasn’t completely capitulated is Mog Coin, which is barely staying afloat.

So what’s behind the sale?

This appears to have something to do with Bitcoin’s price issues.

Bitcoin is currently in a sharp downtrend, with over $260 million in long-term liquidations occurring in the past 24 hours.

When Bitcoin gets in trouble, meme coins usually take it down.

Only time will tell if these coins can rebound, but for now it is clear that the bears are in control.

Pepe Unchained Challenges Bearish Bias with New Layer 2 Meme Coin Blockchain

While the old guard of meme coins are getting their asses kicked, there is a new token that is still doing well.

Pepe Unchained is not your average meme coin that relies on media hype.

Beneath the funny appearance lies some truly advanced technology.

Here’s what it’s about: the Pepe Unchained team is building a new Layer 2 blockchain built specifically for meme coins.

You can think of it as an express tunnel for joke tokens, bypassing Ethereum’s congestion and astronomical gas fees.

According to Pepe Unchained’s whitepaper, the new network will be about 100 times faster than Ethereum.

And since the fees will be much lower, this could open up a whole new world of opportunities for meme coin traders.

But it is not everything.

The developers have also created a “double staking” app that offers estimated annual profits of 846%.

This value is significantly higher than the market average.

Thanks to these eye-catching elements, Pepe Unchained pre-sales were an immediate success, grossing over $2.2 million in three weeks.

20% of the 8 billion tokens have been reserved for pre-sale investors – ensuring the community has a big stake in the future of Pepe Unchained.

The concept seems to be attracting attention, with over 4,800 people already following the project’s Twitter page.

The native PEPU token was even ranked second on CoinSniper.net.

Given all the hype, it looks like Pepe Unchained may be gaining popularity while the stars of the old meme coins are losing popularity.

Visit Pepe Unchained Pre-sale

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