The complete cryptocurrency market was painted crimson over the previous 24 hours. The meme coin market, specifically, took a large hit. Assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) took a backseat. PEPE recorded a brand new all-time excessive of $0.00002825 simply eleven days in the past. But now, the meme coin is buying and selling 45% beneath its peak. Will the asset get well in the course of the weekend and herald beneficial properties for PEPE traders?
PEPE Records Double-Digit Drop
Over the previous 24 hours, the meme coin recorded a large downfall of 20%. At the time of writing, PEPE was buying and selling at $0.00001544. The cryptocurrency was buying and selling at a excessive of $0.00001960 earlier in the present day.
The newest drop within the asset was associated to the general market downfall. The cryptocurrency market hit resistance ranges and was seen taking a break from the latest spike in response to a tough stretch for US inventory markets and the announcement of one other Fed price lower. It’s necessary to do not forget that even PEPE’s setback represents a potential uptick.
PEPE Price Prediction
According to latest information, Pepe Coin will rise 20% from its present worth to a peak of $0.00001876 over the subsequent couple of days. On December 22, the meme coin will report a 12.96% and commerce at $0.00001763.
Amidst this, a whale poured in $2.72 million in 150 billion PEPE tokens to the cryptocurrency market Binance. It’s attention-grabbing to notice that the whale had beforehand taken out the an identical sum from the cryptocurrency exchange on November 28.
After the market drop, a whale deposited 150B $PEPE($2.72M) into #Binance to cease loss.
This whale withdrew 150B $PEPE($2.94M) and 60B $SHIB($1.52M) from #Binance on Nov 28.
At present costs, the whale is going through a lack of $219K on $PEPE and $136K on $SHIB.… pic.twitter.com/kGDa9K7Z7z
— Lookonchain (@lookonchain) December 19, 2024
The 150 billion PEPE was valued at $2.94 million. This information was just lately dropped at mild by the distinguished agency Lookonchain. It looks like the frog-themed cryptocurrency may see extra whale exercise as the worth of the asset has dipped over the previous day.
