Pepe (PEPE) Could See Further 30% Decline, Here’s Why
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On August 5, 2024, the cryptocurrency market saw a significant 18% decline over 24 hours. In this downturn, Pepe (PEPE), the third-largest meme coin, was hit hard, suffering a 27% price drop.
Traders responded swiftly, with liquidations totaling $9.4 million. This substantial sell-off is prompting concerns that PEPE could face an additional 30% decline.
The sudden market movements and PEPE's vulnerability highlight the ongoing volatility and risks associated with the cryptocurrency market, especially for meme coins.
Bron: coinpedia.org ↗
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