The Sandbox

Milady Meme Coin

Shiba Inu

Elon Musk

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35897.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>There has been a wide range of reactions to the current regulatory landscape in the United States, with altcoins responding differently. Rather than joining the bearish trends as seen on the broader market, meme coins like PEPE are seeing an impressive price surge today. The frog-themed token is trading at a <a href="https://coinmarketcap.com/currencies/pepe/">spot price of $0.000001124</a>, up by 15% in the past 24 hours.<img alt="PEPE 1D Chart" data-entity-type="file" data-entity-uuid="1e323d43-466a-4777-8e73-2548cff02ca1" src="https://u.today/sites/default/files/inline-images/PEPE_1D_graph_coinmarketcap%20%282%29.jpeg" />PEPE/USD 1D Chart. Source: <a href="https://coinmarketcap.com/currencies/pepe/">CoinMarketCap</a>PEPE appears to be one of the key beneficiaries of what has been a troubling time for most altcoins, including Cardano (ADA), The Sandbox (SAND), Solana (SOL) and Polygon (MATIC), which were <a href="https://u.today/breaking-sec-alleges-cardano-ada-solana-sol-and-polygon-matic-are-securities">tagged as investment contracts</a> or securities by the United States Securities and Exchange Commission (SEC).With uncertainty surrounding these altcoins, investors appear to be more skewed to meme coins that have been exempted by the SEC in its current regulatory crackdowns. PEPE's reinvigoration hinges on its growing community of enthusiasts, who believe in the potential of the meme coin over its two major rivals, Dogecoin (DOGE) and Shiba Inu (SHIB).Despite Elon Musk shilling his favorite coin, DOGE, in a Twitter conversation yesterday, PEPE is still leading the meme coin rally today, a showcase of more organic interest in the asset.<a href="https://u.today/pepe-up-5-as-trading-volume-picks-up-momentum-is-meme-coin-revival-underway">card</a><h2 id="is-worst-over-for-pepe">Is worst over for PEPE?</h2>For the past few weeks, PEPE has been <a href="https://u.today/pepe-aims-for-30-day-plunge-heres-why">trading on the downtrend</a> as sentiment and the excitement that accompanied its launch faded into temporary oblivion.For the past week, PEPE is still down by more than 10%, but with the renewed interest in the meme coin, it appears the worst is over and a new bullish price trend will be charted.Other meme coins are also exhibiting mixed growth rounds, with <a href="https://u.today/milady-meme-coin-ladys-taps-major-exchange-listing-and-sees-massive-sell-off">Milady Meme Coin</a> (LADYS), whose launch was linked to a tweet from Twitter CEO Elon Musk, soaring by 2.81% over the past 24 hours. While DOGE is up by 1.87%, Shiba Inu has marginally shed 0.87% of its price over the past 24 hours.

PEPE Leverages Mainstream Token's Downfall, Soars 15%

Table of Contents

U_Today

Other articles published on Jun 7, 2023

SHIB, BTC, ETH Accepted as Payment by 440 Merchants in France via This Partnership

Charles Hoskinson Warns: AI Could Boost Crypto Fraud

Binance facing SEC scrutiny over crypto asset securities

Gameplay Over P2E

Shiba Inu coin price prediction 2024-2030: Is SHIB skyrocketing soon?

The total circulating supply in Q2 is now 112,406,248 WE!

Join our free newsletter for daily crypto updates!

PEPE Leverages Mainstream Token&#039;s Downfall, Soars 15%