Deep-pocketed crypto investors are moving hundreds of millions of Dogecoin as the meme coin tries to recover from market downturns, with large transactions being made from Binance, Robinhood, and an unknown wallet.
The recent crash in the crypto market has heavily impacted memecoins, raising concerns about a broader bear market, but it remains uncertain if this trend reflects a market reversion or just the typical underperformance of memecoins.
Shiba Inu (SHIB) has seen a 4% increase in the past 24 hours following the announcement of Shibarium's impending relaunch, showcasing the project's potential beyond its meme coin origins.
The popular meme coin Shiba Inu (SHIB) is experiencing a resurgence in price, potentially signaling a second round of significant movement, while the outcome of the upcoming SEC appeal against Ripple could greatly impact the price trajectory of XRP, and Ethereum is showing signs of potential recovery with a bounce in price from its recent decline.
A massive amount of Shiba Inu meme coins, totaling 708 billion SHIB, was withdrawn from Gemini and transferred to an anonymous wallet, suggesting a reshuffling or potential sale of holdings by the anonymous whale. Additionally, the SHIB community continues to burn millions of tokens in an effort to reduce the circulating supply and potentially increase the value of the coin.
Crypto trader Altcoin Sherpa suggests that the memecoin Pepe is a better investment than Dogecoin due to its promising price action and lower market cap. He predicts that Dogecoin could experience a significant drop of up to 21% from its current level.
Millions of dollars worth of the PEPE meme coin were transferred out of its multisig wallet, causing concern among investors and leading to a drop in its price, due to changes in transaction approval and a reduction in the number of wallets required for sign off.
Pepe (PEPE), a popular meme coin, is facing allegations of suspicious movements in contract addresses and a potential rug pull, causing panic among community members and a significant decline in price.
A whale investor bought 640 billion PEPE tokens, worth $529,000, at a reduced price due to concerns about developer manipulation and modifications to a multisig wallet, causing a 15% drop in the value of the meme coin.
PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.
Altcoin Pepe has seen a significant drop against Bitcoin, leading crypto strategist Credible Crypto to warn of potential similar price declines for other altcoins, while also predicting a rise in Bitcoin's dominance in the market.
Shiba Inu (SHIB) is at a critical point, with its current price level representing a key resistance that could determine its short-term future, while PEPE faces challenges after a significant sell-off by developers and Litecoin's hype appears to be over following a sharp decline in price post-halving.
On-chain analyst Yazan reveals that insider selling of PEPE holdings has begun, with around 400 billion PEPE sold, in line with Pauly's exposure of Pepecoin team members; Yazan urges crypto exchanges to implement measures to prevent insider transactions. Pepecoin's price has dropped 15% due to team selloffs, leading to negative sentiment within the community.
Crypto's biggest memecoin, PEPE, experienced a major setback when 16 trillion tokens worth $16 million were sold by rogue team members, causing a 26% drop in market capitalization, but the remaining founder vows to continue and decentralize the project.
Summary: Meme cryptocurrencies, including Pepe, LUNC, and SHIB, have experienced price corrections but show potential for a rebound with bullish reversals and recovery rallies expected.
Some rogue developers on the Pepecoin team stole millions worth of Pepe coin (PEPE) by transferring tokens out of the project's multisig wallet, leading to a significant drop in the token's value, according to a team member. The project is now under new control, with plans to grow and decentralize in the future. However, analysts have raised concerns about the concentration of tokens in a few hands, posing risks for investors.
The team behind Pepe (PEPE) has issued a statement regarding a large transfer of coins, revealing that all founding members except one have sold their stake and abandoned the project, leading to a heavy price correction and the tokens being sold on crypto exchanges.
The decline in the price of Pepe coin is due to a scandal involving the founders, leading investors to consider alternative meme coins like Pikamoon, which is recommended by experts for its potential for portfolio recovery.
Pepe (PEPE) coin faces a scandal and reputation loss after 16 trillion coins worth $16 million were stolen, while Dogecoin (DOGE) shows signs of a bullish run, and whales are investing in Pomerdoge (POMD) due to its growth potential and locked liquidity.
Over 80% of traders who have invested in memecoins like Shiba Inu and Floki are currently experiencing losses, according to market intelligence platform IntoTheBlock. However, holders of Dogecoin and Pepe are faring better with a percentage of investors in profit.
Dogecoin (DOGE) price is facing selling pressure and is underperforming Bitcoin, with analysts predicting a potential bearish trend and a downside move if it fails to break above the critical $0.058 level.
In 2023, meme coins such as Shiba Inu, Dogecoin, and ApeMax are dominating the conversation in the crypto world, with ApeMax emerging as a potential contender for the crown due to its innovative features and growing community.
ChatGPT predicts that Shiba Inu (SHIB) could reach $0.9 within 6 to 12 months if there is a surge in positive sentiment, new partnerships, and increased adoption, and within 1 to 2 years if the cryptocurrency market remains bullish and user interest continues, potentially driving the price to $0.9 within 3 to 5 years if SHIB's ecosystem expands significantly.
Altcoin Sherpa predicts that memecoin Pepe (PEPE) may continue rallying after breaking through a key resistance level, while Bitcoin (BTC) is expected to decline for the rest of the year, and altcoin Worldcoin (WLD) may experience a price dip after a brief rally.
Crypto strategist Kaleo predicts a significant drop in the value of Pepe (PEPE), a Dogecoin rival, indicating that it could dip by more than 16% and revisit its previous level.
A Dubai investor who purchased Shiba Inu tokens for $4,000 missed out on a potential $70 million profit after selling his 5 trillion SHIB tokens without making a profit or loss, as the cryptocurrency rallied in 2021 and reached an all-time high of $0.00008616.
Pepe Coin continues to experience a decline in price and loss of investor trust due to issues such as money laundering accusations and wallet theft, while Meme Kombat, a new meme coin with real utility and transparency, emerges as a promising alternative with its successful presale and attractive staking APY.
Meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are predicted to remain range-bound in the near term with limited upside potential, according to AI model ChatGPT. However, among the two, ChatGPT views DOGE as the safer bet due to its longer history and established user base. On the other hand, a new meme coin called Meme Kombat (MK) is generating attention and is projected to reach a value of $1.00 to $1.50 by the end of 2023, according to ChatGPT.
Dogecoin (DOGE) may enter a bull market if it overcomes two resistance levels, potentially reaching a new all-time high of $1, according to crypto strategist Ali Martinez. However, DOGE must be wary of the $0.0482 support level to avoid a new yearly low. Meanwhile, Martinez also suggests that Bitcoin's bull run will resume if it closes above $28,233, as indicated by the warm supply realized price indicator.
Bitcoin outperformed the cryptocurrency market as Ethereum and DeFi tokens experienced declines, with BTC reaching its highest market share since April 2021.
Bitcoin outperformed the cryptocurrency market as Ethereum and DeFi tokens slid, with BTC rising to near $28,500 and its market share reaching over 52%, the highest since April 2021.
Shiba Inu's price has gained 3% this week, but on-chain indicators suggest that the memecoin may face challenges due to high supply on exchanges, low network traction, and the inability to clear a resistance level, potentially leading to a bearish price reversal.
Meme coins experience a surge in trading and gas fees spike as bitcoin leads a market recovery, signaling a risk-on sentiment among traders.
The Pepe memecoin experiences a surge of 31% following a token burn, reaching a two-month high amid increased trading volume.
Dogecoin (DOGE) and Shiba Inu (SHIB) have seen a 9% surge in the past 24 hours, potentially due to riskier bets by crypto traders on the heels of bitcoin's outperformance, driven by social media platform X's new video calling feature for premium users.
The price of the memecoin Pepe (PEPE) has doubled in a week to a $500 million market cap as traders anticipate a bitcoin spot ETF-induced bull market.
Bitcoin slipped 2% to $34,000 as the crypto market cooled off, while meme coins DOGE and PEPE outperformed, and Matrixport predicts Bitcoin could reach $125,000 by the end of 2024.
Bitcoin (BTC) slipped 2% to $34,000 as the crypto market cooled off after a rally, with meme coins like DOGE and PEPE outperforming, while LINK and AGLD dropped; however, BTC is still in its fifth bull market driven by institutional adoption and could reach $125,000 by the end of 2024, according to Matrixport.
Bitcoin and Ethereum trade lower as Dogecoin spikes, while memecoins continue to see upward momentum; analyst urges investors to not panic during market corrections.
FLOKI, a memecoin, has seen a significant price increase of 140% due to the launch of its tokenization platform and the filing of a new Bitcoin ETF, but its overbought relative strength suggests a possible correction in the coming days or weeks. Other memecoins like DOGE and SHIB have underperformed compared to Bitcoin, with FLOKI being one of the few exceptions with a YTD return of around 435%. The future rally of memecoins depends on the ETF update and its impact on Bitcoin's price.
