😱 PEPE Plummets: Is the Meme Coin Doomed to Oblivion? 📉

PEPE, the vaunted third wheel of meme tokens, has tumbled from its $0.00000770 pedestal.
Is this a prelude to a more precipitous fall, or merely a blip in the grand meme saga?

In the capricious crypto market, the memecoin genre has seen a whimsical 7.07% surge, inflating its collective worth to a laughable $57.64 billion.

Ironically, while the heavyweights of memedom buckle under the weight of sell orders, the lesser-known tokens are dancing in the streets with double-digit gains – a brazen display of the market’s affinity for risk and reward.

But alas, Pepe [PEPE], the third-largest meme token, has fallen through the $0.00000770 floor, adding to its weekly woes with a 15% haircut.

PEPE’s network has become a ghost town, with active addresses dwindling from a bustling 28K to a mere 2,573 – a level of desolation last seen in the pre-election dark ages.

This exodus of participation is a grim omen, suggesting that investor confidence is crumbling like a sandcastle at high tide.

As for the 1D chart, it tells a tale of woe, with each dip met not by eager buyers, but by more sellers eager to jump ship.

A 43% shrinkage in volume adds to the fog of uncertainty, making $0.000006477 as sturdy as a house of cards.

Without a miraculous resurgence in demand, PEPE teeters on the brink, with its next support level as elusive as a unicorn.

The Bottomless Pit of PEPE: How Low Can It Go?

If the selling frenzy continues, PEPE may find itself in the depths of liquidity despair, with its 1D chart as comforting as a desert mirage. This flimsy demand structure leaves the memecoin ripe for further pruning.

Currently, a whopping 78.39% of PEPE holders are gasping for air, with a crucial group of buyers between $0.000006 – $0.000007 on the brink of despair.

With no sign of a bullish reversal on the horizon, nearly 13.40K addresses – clutching over 20 trillion PEPE at the bargain price of $0.0000060 – teeter on the edge of financial ruin.

If this support zone caves in, PEPE may find itself plumbing new depths, testing the limits of its liquidity.

Meanwhile, a behemoth whale wallet, stuffed with between 100M — 1B PEPE, has embarked on a selling spree, unloading over a trillion tokens as if they were hot potatoes.

Its once-mighty holdings have shriveled from 13.83 trillion to 12.6 trillion, with no hint of a slowdown in the sell-off.

This mass exodus aligns with PEPE’s 77% nosedive from its post-election zenith, erasing all memories of that fleeting victory.

With on-chain activity waning and trading volume evaporating, liquidity is drying up like a puddle in the desert.

As capital flees to greener pastures in mid and low-cap meme assets, the writing is on the wall: three red flags for PEPE’s impending doom. 🚩🚩🚩

2025-03-09 20:15

The Bottomless Pit of PEPE: How Low Can It Go?

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