PEPE’s Value Drops by 15% Amid Concerns of Rug Pull Due to Unusual Token Movements
The price of Pepe has plummeted 15% after developers sent nearly 4% of the memecoin’s total supply to exchanges without warning.
The price of Pepe has plummeted 15% after developers sent nearly 4% of the memecoin’s total supply to exchanges without warning.
Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce?
Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
Bitcoin and select altcoins are starting to recover, but selling at the top of each price breakout suggests that bears remain in control.
Bitcoin is searching for stability in the $25,000 zone. Meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside.
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Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch.
A spokesperson said the move came in response to “changing market and user needs.”
After weeks of low volatility, Bitcoin bulls are trying to make a comeback, but the rise in the U.S. Dollar Index may limit the upside recovery.