Pepe

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<p>The post <a href="https://coinpedia.org/press-release/pepe-memecoin-prices-slide-new-meme-coin-being-backed-to-10x/" rel="noopener noreferrer nofollow">Pepe &amp; Memecoin Prices Slide Amid Market Downturn But This New Meme Coin is Being Backed to 10x</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The prices of popular meme coins Pepe (PEPE) and Memecoin (MEME) have declined sharply in recent days amid a broader crypto market downturn.</p>
<p>Regulatory scrutiny on major exchanges like Binance and Kraken has spooked investors and added to the selling pressure.</p>
<p>However, a new meme token, Meme Kombat (MK), appears poised to buck this trend – with some traders and analysts suggesting potential for 10x growth from its presale price.</p>
<h2 class="wp-block-heading" id="h-meme-coin-prices-plunge-amid-broader-crypto-pullback">Meme Coin Prices Plunge Amid Broader Crypto Pullback</h2>
<p>Top meme coins PEPE and MEME have seen their prices cool off considerably as the broader market pulls back.</p>
<p>PEPE, which reached highs of $0.00000145 just two weeks ago, has declined to $0.00000108, marking a 25% drop.</p>
<p>Meanwhile, MEME touched $0.041 last Wednesday but now trades for $0.025, representing a 39% decline.</p>
<p>Trading volumes have also dipped, with PEPE <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">seeing $105 million in activity in the past 24 hours</a>, far less than in previous weeks.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/_qYBlY5LgkzUKxncBWd4mVb2LHjFjLn44B3NukQ-TBGKm3jsYsOnRXgTjZH0suMbmGTIphkDevtx27d81yExpj8H-ll02pmPGDm3SAx530Rzut3CAjQwkyRJhOaclbjDIvuvmrAm6yMM6PU2mI1SH8w" alt="">
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<p>MEME has fared slightly better, with $192 million during the same time frame, making it the world’s second-largest meme coin based on spot trading volume.</p>
<p>The hype around both meme coins has died down as the broader market suffers a correction, with Bitcoin (BTC) and Ethereum (ETH) also seeing significant dips.</p>
<p><a href="https://coin360.com/" target="_blank" rel="noopener noreferrer nofollow">Coin360’s crypto market heatmap</a> shows a sea of red, with only a few altcoins able to escape the bearish momentum.</p>
<p>Additionally, the <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noopener noreferrer nofollow">Crypto Fear &amp; Greed Index</a>, a measure of investor sentiment, has fallen to 62, a significant drop from its value of 71 earlier this week.</p>
<h2 class="wp-block-heading" id="h-regulatory-spotlight-adds-to-meme-coin-uncertainty">Regulatory Spotlight Adds to Meme Coin Uncertainty</h2>
<p>The regulatory crackdown on major crypto exchanges like Binance and Kraken also seems to be hurting meme coin prices.</p>
<p>The news that <a href="https://www.reuters.com/markets/us/us-authorities-set-unveil-settlement-with-binance-source-2023-11-21/#:~:text=NEW%20YORK%2C%20Nov%2021%20(Reuters,exchange%2C%20prosecutors%20said%20on%20Tuesday." target="_blank" rel="noopener noreferrer nofollow">Binance founder Changpeng Zhao has pleaded guilty</a> to violating anti-money laundering laws and is stepping down as CEO sparked fear among investors.</p>
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<p>Binance is a major trading venue for meme coins like PEPE and MEME, and the uncertainty surrounding its position has likely contributed to a more cautious approach from traders.</p>
<p>Furthermore, <a href="https://cointelegraph.com/news/sec-sues-kraken-for-securities-laws-violations" target="_blank" rel="noopener noreferrer nofollow">the SEC’s lawsuit against Kraken</a>, alleging it operated as an unregistered crypto exchange and reportedly commingled user funds, has added to doubts about the future of smaller tokens.</p>
<p>As regulators expand their investigations and dish out fines to top exchanges, it has created uncertainty among the investor base – prompting a decrease in demand for riskier assets like Pepe and Memecoin.</p>
<h2 class="wp-block-heading" id="h-new-project-meme-kombat-continues-gaining-traction-as-viral-presale-nears-2m-milestone">New Project Meme Kombat Continues Gaining Traction as Viral Presale Nears $2m Milestone</h2>
<p>While the outlook for meme coins like PEPE and MEME seems dire, one new coin is still performing admirably.</p>
<p><a href="https://coinpedia.care/b_memkombat_42560?referrer=pepe--memecoin-prices-slide-amid-market-downturn-but-this-new-meme-coin-is-being-backed-to-10x" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat (MK)</a> combines memes and gaming with battlefield duels between well-known characters and offers <a href="https://memekombat.io/staking" target="_blank" rel="noopener noreferrer nofollow">staking rewards up to 499% APY</a>.</p>
<p>The platform allows users to bet on unpredictable meme battles while earning passive income, providing a new twist on traditional meme coins.</p>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/RL7iewrWKydkmJOXJWYiV7BnNMlMG4vyuKkKV_ea8ujNXRUcWTlhK6ArEaNVzOFQRoc6WWaxwFGW-WSy-iPPhSi40qcRuPF43_rTwWNdSwmQ55pEO2C6hBBN7p7GVAisgy93vlRmEeRESA5Uz-Ko7J8" alt="" style="width: 100%;height:auto">
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<p>Underpinning these features is a robust tokenomics model, which sees 50% of the total MK supply allocated to presale buyers.</p>
<p>This setup is working well, as almost $2 million in funding has been raised since Meme Kombat’s presale began.</p>
<p>Investors worldwide have shown interest in the presale, given that MK tokens are currently available for just $0.205.</p>
<p>Notably, Meme Kombat’s presale employs a tier-based structure – meaning this price is only available for one more day before rising significantly.</p>
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<p>The positive hype around <a href="https://coinpedia.org/press-release/worldcoin-price-tanks-amid-sam-altman-controversy-new-altcoin-is-being-backed/" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> and its presale is growing daily, with more than 4,500 people now part of the <a href="https://t.me/MemeKombatToken" target="_blank" rel="noopener noreferrer nofollow">official Telegram channel</a>.</p>
<p>MK was even referenced in a tweet from influencer Jacob Bury, who speculated <a href="https://x.com/BuryCrypto/status/1726645627508187173?s=20" target="_blank" rel="noopener noreferrer nofollow">that it could be the “next 10x meme coin”.</a></p>
<p>With a comprehensive <a href="https://drive.google.com/file/d/1W_sT-V_KjRfx10hRDM730KZjT4JszmfX/view?pli=1" target="_blank" rel="noopener noreferrer nofollow">audit from Coinsult</a> and leadership from experienced founder <a href="https://www.linkedin.com/in/mattw8047814774/" target="_blank" rel="noopener noreferrer nofollow">Matt Whiteman</a>, Meme Kombat looks well-positioned for growth once it is listed on the open market following its presale.</p>

Pepe & Memecoin Prices Slide Amid Market Downturn But This New Meme Coin is Being Backed to 10x

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