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Pepe Price Going To Zero, Drops Out Of Top Trending Cryptos – What’s The Next Pepe?
The Pepe price is down over 12% this week, affected more than most altcoins by the market-wide selloff as the Bitcoin price retraced to the $29,000 level.
Some analysts have speculated that traders may be derisking heading into this week’s FOMC meeting, and others point to the rise of alternative meme coins taking a slice of Pepe’s market share – such as Pepe 2.0, Hamsters (HAMS), HarryPotterObamaSonic10Inu (BITCOIN) and others.
Pepe No Longer In Top Trending Cryptos
At the time of writing Pepe is no longer within the top ten most trending cryptocurrency assets or ‘hot pairs’ on DEXTools, which tracks the most viewed trading pairs of tokens on decentralized exchanges like Uniswap.
On CoinMarketCap, Pepe is still in the top trending crypto coins, but placed #8 behind other tokens getting all of the attention from traders – including new Binance listings Worldcoin (WLD) and Arkham (ARKM), Bitcoin, Kaspa, XRP and tokens that began to trend after Elon Musk rebranded Twitter to X – including AI-X and Dogecoin.
CoinGecko places Pepe #7 on its top trending cryptocurrencies list.
Since its April 2023 launch, Pepe has tended to stay within the top three to five trending cryptocurrencies on sites like the above – its recent drop from prominence could be a signal that traders are becoming less interested in the meme coin.
The Pepe price is currently approximately 65% off its all-time high, hit in early May.
Pepe Price Predictions From Traders
Wizard of SoHo asked his 62,000 followers ‘should I buy $PEPE for a scalp? Tired of shorting and printing’ – the poll results were divided, with just over 57% of respondents voting to long Pepe.
Yesterday, on-chain analyst Lookonchain has noted that Pepe whales had withdrawn $5.33 million worth of $PEPE tokens over a 24 hour period.
Making a bullish Pepe price prediction this weekend, Oxy tweeted that after a month long consolidation, he expects we aren’t far from $PEPE bouncing to take ‘centre stage’ again.
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Kong Trading also entered a long position on $PEPE at the weekend.
What’s The Next Pepe Coin?
Since raising $100,000 on launch day when it first came on our radar, the Evil Pepe Coin presale has now passed the $750,000 mark one week on.
Evil Pepe Coin (EVILPEPE) aims to follow in the footsteps of other Pepe the Frog inspired tokens that have been performing well in recent weeks, such as the aforementioned Pepe 2.0, Proof of Pepe (POP), Landwolf (WOLF) and others.
That level of investor demand has been noticed by several crypto analysts and Telegram alpha channels, such as , which posted today:
‘Crypto Whale Pumps has discovered a hidden gem – Evil Pepe! With a staggering $767,067.28 already raised out of a hard cap of $1,996,002, this project is on fire! Be among the first to join this thrilling journey to the moon! The presale is closing in just one week, so now is the time to take action! Don’t miss your chance to ride the wave of potential profits with Evil Pepe!’
Popular YouTube channel Crypto Zeus also reviewed Evil Pepe Coin in a video for his 66,000 subscribers.
The Evil Pepe Coin presale at evilpepecoin.com has only one price stage – $0.000333 – so all early investors are on a level playing field and to reduce the selling pressure when listed on Uniswap.
Its approximately $2 million market cap at the time of its IDO next week will be less than 0.4% of the market cap of Pepe – currently $517 million. Its low cap and strong marketing efforts – already featured in Cointelegraph for example – could give Evil Pepe significant growth potential.
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