The crypto market has suffered a brutal couple of days. Ethereum saw a double-digit sell-off, which pushed it below $2,500. As ever, memecoins were not left unharmed by the flood of red candles.
Major names, including PEPE, SHIB, and DOGE, all took a hit, and questions about whether they will get anywhere near their all-time highs have arisen again among investors.
Similarly, while these well-known tokens faced a downturn, the Infinaeon token burn has added some excitement to the presale market, indicating a possible shift in focus among traders.