Dogecoin and Pepe Prices Dip as Traders Rotate to PEPU Meme Coin After Successful IEO

Dogecoin, Pepe Prices Dip as Traders Flock to PEPU Meme Coin

DOGE Falls Amid Mounting Selling Pressure

Dogecoin's price has plummeted to $0.39, marking a level not seen since November. The coin is down 19% since Saturday’s local high, struggling under intensified selling pressure. The downturn accelerated Monday, with DOGE breaking a key trendline on the 4-hour chart.

Daily trading volumes have dried up, dropping 27%, while leveraged traders saw over $20 million in long positions liquidated. Despite this, some analysts, like Trader Tardigrade, anticipate a rebound, with $0.37 identified as a potential bottom. If losses continue, DOGE may experience its longest losing streak since September.

PEPE Follows DOGE's Lead Despite Elon Musk’s Memes

PEPE has also declined, dropping 20% from its recent all-time high of $0.0000282. Although PEPE dipped below the 50-period EMA on the 4-hour chart, it remains supported by an upward trendline from November.

Spot trading volumes for PEPE remain robust, exceeding $6.8 billion in 24 hours. Additionally, Elon Musk’s Pepe memes, shared via his Grok chatbot, have kept the token in the spotlight, potentially staving off further losses.

Pepe Unchained Soars With Uniswap Debut

In contrast to DOGE and PEPE, Pepe Unchained (PEPU) has surged after a successful Uniswap debut. Following a record-breaking presale that raised $70 million, PEPU’s price climbed 86% in its first hour of trading and remains up 53% from its launch price.

The token has garnered significant attention, accumulating over $25 million in trading volume and 39,000 holders within 24 hours. With a market cap surpassing $170 million and nearly $4 million locked in liquidity, PEPU is positioning itself as a formidable player in the meme coin market.

Rumors of potential CEX listings are fueling further excitement, with popular influencer Austin Hilton praising PEPU's early success, predicting continued bullish momentum.

PEPU’s rapid ascent has highlighted a persistent appetite for new meme coins, even as established players like Dogecoin and Pepe face challenges. As the market evolves, emerging tokens like PEPU may continue to attract investors seeking high returns in a volatile yet dynamic environment.

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