From $ 1.8 billion to $ 800 million in 4 days, hype over?

Aktualisiert:

Von Krypto News Österreich

Der trendige Memecoin Pepecoin (PEPE) ist in den letzten vier Tagen um mehr als 55 % eingebrochen, nachdem eine bemerkenswerte Performance mehrere Investoren über Nacht zu Millionären gemacht hatte. Die Memecoin, die innerhalb von drei Wochen nach ihrer Einführung auf die 45. PEPE fällt um 55 % von ATH Zum Zeitpunkt der Binance-Notierung Bekanntmachung Am Freitag war PEPE 0,000002023 $ wert. Die Nachricht trieb den Wahnsinn um die Memecoin an, und ihr Preis schoss in die Höhe auf ein Allzeithoch (ATH) von 0,000004354 $. Allerdings ist der Preis des Tokens seitdem um etwa 56 % gefallen, da frühe Investoren wahrscheinlich …
The trendy Memecoin Pepecoin (Pepe) has broken up by more than 55 % in the last four days after a remarkable performance had made several investors overnight. The Memecoin, which within three weeks after its introduction to the 45th Pepe falls by ATH by ATH at the time of the Bony Notor's announcement on Friday PEPE was worth $ 0.000002023. The news drove the madness around the Memecoin, and her price shot up to an all -time high (ATH) of $ 0.000004354. However, the price of the token has fallen by about 56 % since then, since early investors are likely to ... (Symbolbild/KNAT)

The trendy Memecoin Pepecoin (Pepe) has broken up by more than 55 % in the last four days after a remarkable performance had made several investors overnight.

The Memecoin, which within three weeks after their introduction to 45.

Pepe falls by 55 % of ATH

at the time of bony notification Announcement was worth 0.000002023 $ on Friday. The news drove the madness around the Memecoin, and her price shot up to an all -time high (ATH) of $ 0.000004354.

However, the price of the token has since fallen by about 56 %, since early investors are likely to withdraw their profits. At the time of the writing of this article, Pepe was traded at $ 0.000001948, which according to information signals a decline of 14 % in the last 24 hours data of coinmarketcap.

The decline of the PEPE price also had an impact on its market capitalization, which rose from less than one million dollars when it was launched in mid-April to more than $ 1.2 billion on Friday. The market capitalization of the assets is now just over $ 764 million, with the token shredding more than $ 400 million in the past few days.

The drop in prices is likely to worsen by dealing with profits from their positions and using alternative trade strategies release PEPE Perpetual Futures Contracts last week.

a Monday tweet from the on-chain analysis platform Santiment suggested that the increasing number of ETH deposits could be attributable to the fact that pepe dealers in digital investment convert. On-chain data show that the exchange addresses that interact in the Ethereum network have reached a climax since November 2021.

Is the hype over?

After the fall of Pepe, speculation appeared that the token will take the same way that its predecessors have created. Memoins such as Dogecoin (Doge) and Shiba Inu (Shib) that have had similar experiences with Pepe have crashed from their ATH because the hype has decreased around them.

In addition, the lack of usefulness and inner value of Pepe has fueled the belief that the increasing price of the financial value is only temporary, which makes investors doubt that it will stay here.

.