Is Pepe the Frog Crying Over His Lost Gains? Find Out Here! 🐸💔

by

As if the crypto market wasn’t already throwing enough tantrums, our lovable meme coins are joining the pity party 🥳. Leading the brigade, Dogecoin is hanging around DOGE at $0.26 (24h volatility: 1.8%, Market cap: $39.23 B, Vol. 24h: $1.08 B) 😂, while Shiba Inu is still whining at SHIB for a minuscule $0.000016 (with only 1.1% volatility) and its case of market cap envy at $9.47 B 💸. And then, there’s Pepe, bathing in his own tears at PEPE priced at a woeful $0.000010 (volatility at a sleepy 0.6% and market cap drooping at $4.22 B).

Oh dear! It seems like in the last 24 hours, the total crypto market cap decided to take a long, hard fall, dropping by around 2.5%. Meanwhile, the meme coin industry told everyone to hold my beer and slipped down by 2.4%, with an average trading volume that still thinks it’s rich at $6.4 billion 🍻.

Pepe’s Dismal Price Saga Continues

According to the oh-so-reliable Coinspeaker, our beloved frog-themed meme coin, Pepe (PEPE), might just be on the chopping block, facing a potential 50% haircut shortly after flexing its gains from early 2024. And about that all-time high of $0.0000282 back in December 2024? Yeah, that was cute. Now it’s just smoke and mirrors as Pepe sits stuck in his downward spiral since breaking below a key support level that he held tighter than a toddler grips a toy 🧸.

In technical speak: the last three weeks have not been kind, with Pepe signaling quite the bearish mood. If it gets any gloomier, we might find Pepe sitting snug at the support level of $0.0000066, thanks to the weekly 0.786 Fibonacci Retracement (Whatever that means, right? 😂).

And not to sprinkle some fake sunshine, but crypto analyst Ali Martinez does think there’s a glimmer of hope if Pepe can hold a supportive grip above $0.0000092. Go, little frog, go! 🐸✨

Fundamentally Sound or Just Hopeless?

Let’s give Pepe some credit – since launching, it’s managed to snag some whale investors and snag itself a spot on top-tier exchanges. With over 404k on-chain holders and a liquidity that’s tighter than my last pair of jeans at a buffet, boasting over $44 million locked via Ether smart contract, one might say Pepe’s got potential. But do we really believe that? 🤨

Given its booming trading volume, at least Pepe is still strutting around positively correlated with Ethereum’s price movements—so if ETH is having a party, perhaps there’s still hope for Pepe. It may be ready to leap back towards its glory days as ETH flirts with that elusive $4k once again!

$PEPE is not merely a memecoin. It’s basically bottled gold that’s just waiting for someone to open it up and pop the cork. And for those still fooled by short-lived shi*tcoins from Solana, good luck and Godspeed! 🚀💩

— Prorok (@proroketh) February 17, 2025

Trends that Make You Want to Cry 🙈

Ever since the launch of Official Trump (TRUMP at $17.80, with a volatility of 5.7% 😱) and Melanie Meme (MELANIA at a staggering $1.30), the celebrity coin craze has exploded like my last attempt at baking! This pomp and circumstance has left the crypto cash inflow thinner than my patience during yet another meme coin fiasco.

In the latest meme coin drama, the Central African Republic rolled out its very own token, $CAR on Solana (SOL), at a staggering $185.9, which nosedived more than a bad stand-up act—losing over 97% of its value in just a week! Meanwhile, Argentina’s President Javier Milei was busy launching Solana’s ‘Libra’, which, surprise surprise, pulled off an epic disappearing act right after launch 🥳.

As for Binance? The rampant launch of meme coins has kicked rug pulls into high gear. At this rate, I wouldn’t be surprised if a token called “My-Goldfish-Died” popped up next. The whole situation could use a protective bubble wrap intervention! 🎈

Read More

2025-02-17 15:56