Altcoin
Pepe Coin Price Risks Falling More As Nascent Dumps 175B PEPE, What’s Next?
Frog-themed meme crypto Pepe Coin’s price is facing alarming pressure amid the current volatile trend brewing in the broader cryptocurrency sector. It is now further intensified due to a massive whale selloff. On-chain data on Saturday revealed that an institution offloaded a whopping 175 billion tokens to Binance, bringing further selling pressure to the asset amid market turmoil. PEPE is currently down 35% weekly, and chances are that further loss of value may be witnessed ahead due to broader market trends.
Institution Dumps 175B Tokens Ringing Alarms For Pepe Coin’s Price
According to data by Lookonchain, as of February 8, Nanscent sold a staggering 175 billion PEPE worth $1.5 million by dumping it into Binance. Notably, this selloff marks the institution’s last dump for the token, as it has offloaded all its holdings for the same.
Intriguingly, Nanscent sacked a staggering 608.85 billion tokens between June 6 and July 15, 2024, for $7.73 million. Thereafter, the institution began selling on November 13 of last year, when Pepe Coin’s price rocketed.
However, it’s worth mentioning that the top meme coin sector’s dynamic nature caused the institution to miss the optimal selling point, resulting only in a profit of $348K. Nevertheless, as the renowned entity dumped all holdings for this token, market watchers remain cautious about future movements amid declining market interest.
Macroeconomic Developments Bring Further Uncertainty
Meanwhile, it’s worth considering that the broader crypto market struggles primarily due to macroeconomic events. The market witnessed turmoil this week as Donald Trump announced new tariffs on Canada, Mexico, and China. However, despite Trump pausing the tariffs on Canada and Mexico for 30 days, the market has yet to recover.
Some traders and investors continue to eye a bearish run for the market in the next couple of months, given prices haven’t recovered and tariffs are to resume in 30 days. As a result, even Pepe Coin price is poised to tackle volatility, raising concerns among market participants further fueled by the massive dump mentioned above.
Can PEPE Price Withstand Pressure?
Usual market sentiments convey immense bearishness in light of such massive selloffs, given the rise in supply pressure and flagging a loss of confidence in the asset. Moreover, the broader market volatility has injected further negative sentiments among investors as prices trade sluggishly.
As of press time, Pepe Coin’s price lost nearly 1.5% and is resting at $0.000009046. The meme coin’s 24-hour low and high were $0.000008482 and $0.000009809, respectively. Further, the weekly chart for the asset illustrated a 35% crash. As mentioned above, this slumping action aligns with the broader trend and the massive selloff.
Coinglass data indicated the meme coin’s futures OI slipped 2.5% to $246.59 million, underlining the reducing market interest in the asset. Liquidation for the same totaled $3.72 million in the past 24 hours.
A recent PEPE price analysis by CoinGape further revealed that the key support is at $0.000006730. The token currently trades substantially above this level. Crypto market watchers continue to monitor the price action for further shifts, taking an uncertain stand on future movements amid riveting market dynamics due to broader trends.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Solana meme coin POPCAT price has again secured a prominent mark on crypto traders’ and investors’ radars, pumping 22% amid a major listing. Notably, as the crypto exchange giant Coinbase expanded trade offerings for the token, a bullish market sentiment bubbled in. As a response, the meme coin’s price has defied the current broader market’s volatile trend, trading dominantly in the green.
POPCAT Price Jumps Amid Coinbase Listings
The crypto exchange behemoth Coinbase has unveiled a stockpile of listings for the Solana meme coin recently. According to an X post on February 7, Coinbase has added the token to its spot listing roadmap. This measure remains poised to enhance the asset’s market exposure, paving a bullish path for future movements.
Moreover, the top crypto exchange has also revealed a perpetual contract launch for the meme Coin in another X post on February 6. As an upshot, traders and investors are bullishly eyeing POPCAT price, as it already soars whilst the enhanced offerings further provide heightened money inflow to the token’s ecosystem.
Cat-Themed Coin Defies Broader Crypto Market Trend
Meanwhile, it’s noteworthy that the crypto market took a severe hit this week in light of the Donald Trump tariff saga. Bitcoin and altcoins lost alarming amounts in the past seven days, with the flagship crypto even hitting a $95K low.
Nevertheless, POPCAT’s price has defied this broader waning action, trading dominantly in the green amid major listings. The meme coin also showcases strong on-chain metrics in the interim, fueling further market optimism.
POPCAT Price Shoots Up 22%
At the time of reporting, POPCAT price witnessed a remarkable 22% uptick and is currently sitting at $0.2730. The meme coin’s intraday low and high were $0.2056 and $0.2737, respectively. Notably, the current uptrend aligns with Coinbase’s listings.
Further, even the derivatives market saw renewed interest, signaling a positive market sentiment for the asset. Coinglass data revealed that the coin’s futures OI jumped 28% to $148.90 million. Moreover, the derivatives volume shot up by nearly 150% to $728.53 million. In turn, market watchers continue to bullishly eye the token’s future movements.
Also, renowned market expert TraderSZ took to X, sparking further optimism on the Solana meme coin with recent comments. According to the market expert, “POPCAT bouncing nicely, expecting the other SOL memes to do similar soon as long as BTC and sol behave.”
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A TRUMP coin whale has nabbed noteworthy attention among crypto market participants globally by bagging $1.6 million worth of tokens amid broader sector turmoil. On-chain data on Saturday revealed that the whale, previously recorded to have made considerable losses with the same token, has again entered the market amid the ongoing TRUMP price dip. In turn, traders and investors speculate whether the meme coin could pump or fall ahead, given broader trends highlight the chances of further volatility while the accumulation signals potential gains ahead.
TRUMP Coin Whale Bags Heavily Despite Previous Losses
According to the data offered by Lookonchain, as of February 8, a TRUMP coin whale spent 1.6 million USDC to buy 95,657 tokens. Although usual market sentiments convey optimism in light of whale accumulations, this trader’s previous maneuvers surrounding the meme coin remain bearish.
Data revealed that the trader (address- 3MF15CZwf) is known for buying at highs and selling at lows, and thus making losses. Over the past 6 days, this whale showcased a lose-incurring strategy, losing $835K. As a response, market watchers are unsure of the political meme coin’s future performance amid broader trends.
Crypto Market Volatility Puts Pressure On Prices
It’s worth pointing out that the TRUMP Coin whale may be trying to exhibit a buy-the-dip strategy, which has failed as he bought too early while the token’s price continued to drop. Mainly, this waning action is attributed to the broader crypto market trend as BTC and altcoins struggle to pump due to macroeconomic developments.
With Donald Trump announcing new tariffs on Canada, Mexico, and China earlier this week, markets took a hit. As a response, even the digital asset sector saw a bearish run.
Besides, despite a 30-day pause on the new tariffs, the market is yet to recover as investor uncertainty over future movements looms. With this factor weighing in, the crypto market continues to tackle market volatility, with even the political meme coin taking heat.
Official TRUMP Coin Price Slumps
At the time of reporting, TRUMP coin’s price fell nearly 4% and is currently trading at $16.96. Its intraday bottom and peak were $16.22 and $18.17, respectively. Further, the weekly price chart showcased a massive 28% crash in value. This plunging action falls in line with the broader market trend.
Nevertheless, market enthusiast MOON JEFF has recently taken to X, revealing that the meme coin is consolidating. Moreover, he goes on to add that, “A big pump is coming. Flying to $50 from here.” This statement may come true, given that the crypto market recovers ahead of time and the asset sees renewed market interest.
Also, the TRUMP coin whale accumulation falls in line with this bullish projection. Nevertheless, the current meme coin market dynamics indicate that traders should be ready for short-term volatility, mimicking broader trends. Besides, a recent report on the TRUMP coin indicates that the crypto might also slip to $5 if the bears continue to dominate.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory. However, XRP managed to pump roughly 1%, preventing further downside momentum. Besides, even the meme coins sector mirrored a slumping movement.
Let’s take a closer look at some of the most trending coins for the day and the latest market updates that have impacted prices.
Crypto Prices Today: ‘Market Blues’ This Week As BTC & Alts Mainly Down
Despite Donald Trump announcing a pause on new tariffs for Mexico and Canada, the crypto market is yet to recover from its slump. Some traders and investors are even bearish over future movements, as the tariffs pause is only for 30 days. Given that the market fails to recover by March’s beginning, another wave of volatility could kick in as the new tariffs are to resume. Meanwhile, this week has been alarming for the broader cryptocurrency sector as a whole.
BTC Price Hits $95K Low
BTC price dipped nearly 1% in the past 24 hours and is currently trading at $96,663. However, it’s noteworthy that the flagship coin’s intraday low and high levels were $95K and $100K, respectively. Nevertheless, Bitcoin’s dominance stayed up by 0.09%, reaching 60.94%.
Meanwhile, in the latest developments surrounding this crypto, the U.S. state of Maryland has recently unveiled a legislative proposal to establish a Bitcoin reserve fund for the state.
Bitcoin saw liquidations worth $73.02 million in the past 24 hours, per Coinglass data.
Ethereum Price Slips
ETH price dropped nearly 3% in the past 24 hours and is currently trading at $2,643. The coin’s intraday low and high were $2,564.97 and $2,798.03, respectively. Notably, the current waning movement falls in line with the broader market trend.
In the latest developments surrounding the crypto, the U.S. SEC has delayed its decision on BlackRock’s Ethereum ETF options trading proposal. ETH recorded liquidations worth $64.83 million in the past 24 hours.
XRP Price Jumps
However, XRP price jumped slightly over 1% intraday and is currently trading at $2.38. The coin’s 24-hour bottom and high were $2.28 and $2.53, respectively.
Ripple’s coin soars alongside positive news for the community as a new XRP DR (Depository Receipt) product is set to go live in the U.S.
Solana Price Fluxes
SOL price witnessed a rollercoaster ride in the past 24 hours, trading at $193 as of press time, down marginally by 0.1%. The coin’s 24-hour bottom and peak were $188.48 and $203.15, respectively. Notably, Solana recorded liquidations worth $11.26 million in the past 24 hours.
Meme Crypto Prices Today
Dogecoin (DOGE) saw a 2% drop in value and is currently trading at $0.247. Simultaneously, even PEPE and TRUMP prices tanked 3-5%, reaching $0.000009089 and $16.46, respectively. However, Shiba Inu (SHIB) price witnessed a nearly 1% jump in value to $0.00001517.
Top Crypto Gainers Prices Today
Flare (FLR)
Price: $0.02196
24-hour Gains: +9%
Onyxcoin (XCN)
Price: $0.0279
24-hour Gains: +6.5%
Maker (MKR)
Price: $948.28
24-hour Gains: +5%
Top Crypto Loser Prices Today
Berachain (BERA)
Price: $6.86
24-Hour Loss: -15%
Movement (MOVE)
Price: $0.5412
24-Hour Loss: -12%
LidoDAO (LDO)
Price: $1.54
24-Hour Loss: -10%
The broader market trends remain poised to significantly impact prices ahead. Apart from Donald Trump’s tariffs resuming in 30 days, another aspect has caused volatility. Renowned crypto analyst Ali Martinez revealed that over $15 billion in tokens were unlocked last month. Moreover, another $3 billion is set for this month, whereas the following month will see $9 billion between March & April. This phenomenon could further present altcoins’ prices with volatility.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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