PEPE has recorded outflows wiping off a share of previous gains picked up in the memecoin frenzy. The asset currently trades in correlation to other memecoins posting outflows due to crypto asset liquidations.
PEPE exchanges hands at 0.000005057 up 0.83% in the last 24 hours. This increase recorded by the memecoin also follows the gain seen in the market as the Bitcoin halving nears. PEPE is down 31% this week and 28% in the past 30 days.
The weakened trader sentiment dominating the market is highlighted in reduced trading volumes of memecoins and decentralized finance (DeFi) protocols. PEPE’s trading volume declined this month to $595 million, a 2.2% drop today. While its market remains above the $2 billion mark, the asset remains in the red zone.
Can PEPE Rebound?
This year, PEPE soared over 700% in 30 days following a larger memecoin frenzy that saw upticks in several tokens. With lowered market sentiment and inflow, the price of most assets plunged a week to the Bitcoin ha
We współpracy z: https://coingape.com/trending/pepe-dives-31-this-week-possible-long-term-reversal/
