Pepe Coin

PEPE

<p>The recent downfall of memecoins has not spared PEPE, a striking example of extreme volatility. Despite the bearish trend, some of these cryptos manage to rebound unexpectedly, perplexing investors. While traders struggle with unpredictable fluctuations, some big holders continue to bet on a future revival of famous memecoins like PEPE.</p>
<h2 id="h-crypto-massive-liquidations-and-unexpected-opportunities-pepe-comes-above-water">Crypto: Massive Liquidations and Unexpected Opportunities – PEPE Comes Above Water</h2>
<p>Recently, the announcement of the transfer of <strong>billions of dollars in bitcoins</strong> to crypto exchanges has impacted the crypto market. Among the hardest hit, Pepe Coin (PEPE), a memecoin whose <a href="https://www.cointribune.com/en/crypto-pepe-has-surged-by-100-in-a-month-but-how-far-will-this-memecoin-go/" target="_blank" rel="noopener noreferrer nofollow">volatility continues to surprise</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>However, something strange happened recently. In one day, <strong>PEPE saw its price rise by 9%,</strong> leading to <strong>a historic liquidation of $17 million</strong> for traders betting on its decline.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:PEPEUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:PEPEUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">PEPEUSDT chart</span></a> by TradingView
 </div>
</div> 
<p>These <a href="https://www.coinglass.com/fr/currencies/1000PEPE" target="_blank" rel="noopener noreferrer nofollow">massive liquidations</a> show that despite pessimistic predictions, <strong>some whales remain confident</strong> and continue to accumulate this memecoin.</p>
<p>In three weeks, they have amassed more than 1,000 billion PEPE, firmly believing in <strong>a future rebound</strong> of this meme crypto.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="313" src="https://www.cointribune.com/app/uploads/2024/07/liquidations-PEPE-1024x313.png" alt="liquidations-PEPE" class="wp-image-707753" srcset="https://www.cointribune.com/app/uploads/2024/07/liquidations-PEPE-1024x313.png 1024w, https://www.cointribune.com/app/uploads/2024/07/liquidations-PEPE-300x92.png 300w, https://www.cointribune.com/app/uploads/2024/07/liquidations-PEPE-768x235.png 768w, https://www.cointribune.com/app/uploads/2024/07/liquidations-PEPE.png 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Graph of total PEPE liquidations – Source: CoinGlass
  </figcaption>
 </figure>
</div>
<p>The memecoin market is a real roller-coaster. <strong>Institutional and individual investors suffer significant losses</strong>, but the big holders, on the other hand, take advantage of the volatility to buy at reduced prices.</p>
<p>This is the paradox of these cryptos: while some see them as financial abysses, others perceive <strong>attractive investment opportunities</strong>.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Buy cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This dynamic highlights the <a href="https://www.cointribune.com/en/crypto-game-over-for-memecoins/" target="_blank" rel="noopener noreferrer nofollow">speculative nature of memecoins</a> and the importance of fully understanding the risks before diving into this unpredictable market.</p>
<h2 id="h-memecoins-between-vertiginous-drops-and-bullish-surprises">Memecoins: Between Vertiginous Drops and Bullish Surprises</h2>
<p>Memecoins like PEPE experience roller-coaster rides, with unexpected rises followed by brutal drops. After losing <strong>its bullish trend in mid-April</strong> (and <a href="https://www.cointribune.com/en/crypto-the-memecoin-pepe-achieves-a-new-all-time-high-crypto-analysis-of-may-14-2024/" target="_blank" rel="noopener noreferrer nofollow">again in mid-May</a>), PEPE dropped from $0.00001146 to $0.00000889.</p>
<p>However, the recent green candle suggests a possible recovery. If PEPE manages to surpass $0.00001000 again, <strong>a rise to $0.00001146</strong> could offset the recent losses.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>Predictions indicate that if this threshold fails, a new drop to $0.0000775 is likely, followed by consolidation below $0.00001000. This situation highlights the fragility of the bullish thesis for PEPE.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>The story of memecoins is full of twists and surprises. Investors must remain vigilant and ready to react quickly to market <a href="https://www.cointribune.com/en/crypto-the-end-of-the-memecoin-euphoria-make-way-for-solid-projects/" target="_blank" rel="noopener noreferrer nofollow">fluctuations</a>.</p>
<p>The future of these cryptos is uncertain, but their ability to surprise should never be underestimated. The resilience of memecoins like PEPE, DOGE, and SHIB proves they can bounce back even after spectacular drops, but the risks remain omnipresent.</p>

Crypto: PEPE Triggers Historic Liquidations and Surprises Investors

Mục lục

Cointribune EN

Các bài viết khác được xuất bản trên 8 thg 7, 2024

XRP Bulls Face Continued Pressure: Key Challenges Ahead

HIVE Digital Reports 119 Bitcoin Mined in June, Increases HODL by 2%

BlockDAG’s X1 Miner App Leads 2024 Altcoin Craze with $56.6M Presale Success, Trumps Chainlink an...

German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure

Metaplanet Increases Bitcoin Holdings with $2.42M Purchase Amid Price Drop

Top Altcoins Below $1 To Accumulate Before The Crypto Bull Market Resumes

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!