Pepe and Dogecoin Prices Drop, But Pepe Unchained Surpasses $50 Million in One of the Largest Meme Coin Presales Ever

The last few days have been difficult for Pepe and Dogecoin holders.

Both coins have plunged into the red this week as market conditions deteriorate.

Yet while these established meme coins struggle, pre-sale project Pepe Unchained continues to impress – surpassing the $50 million mark ahead of its first stock market listing.

Meme Coin Giants Take Beatdown as PEPE, DOGE Lead Market Fall

Pepe and Dogecoin took a serious hit this week.

PEPE fell by 14% in the last 24 hours and is now trading around the $0.0000174 level.

DOGE didn’t fare much better, sliding 13% to $0.36 and seeing its market cap shrink to $54.2 billion.

But it’s not just these two pieces that are seeing a massive sale.

It’s a sea of ​​red in the coin space, with MOG being hit the hardest, losing 20% ​​of its value in a single day.

Overall, the value of the meme coin market has declined at 106 billion dollarssignaling that the recent hype around these coins may be cooling down a bit.

Spot trading volumes remain high, but this suggests traders are cashing out their earlier gains.

And the drop in open interest for PEPE and DOGE confirms this change in sentiment.

So, after weeks of explosive growth, the meme coin industry finally appears to be taking a breather.

Crypto Market Turns Red as Bitcoin ETFs See Biggest Outflow Since Election

The meme coin crisis is not happening in isolation – it is part of a broader downturn in the crypto market.

Bitcoin slipped 6% to $91,600, and other top altcoins, such as ETH, SOL, BNB, and XRP, are all dipping into the red.

Over the past day, the total crypto market cap was down 7%.

What really stands out, however, is the massive outflow of spot Bitcoin ETFs.

They just recorded their biggest single-day withdrawal since Trump’s election victory, with $438 million withdrawn.

BREAKING: Yesterday the Spot #Bitcoin The ETF saw an outflow of $438.38 million! pic.twitter.com/r0HvW4c6OD

– Crypto Rover (@rovercrc) November 26, 2024

This is a massive turnaround from a few days ago, when the market was excited by record billion-dollar inflows.

Yet not everyone hits the panic button.

Many analysts see this pullback as nothing more than healthy profit-taking following Bitcoin’s climb toward $100,000.

And while ETF outflows may seem concerning, the bigger picture tells a different story: total net inflows still stand at $30.4 billion.

This shows that institutional interest in crypto has not really waned.

Pepe Unchained Defies Market Downturn, Crosses $50 Million Milestone Ahead of Stock Market Debut

While the rest of the crypto market is bearish, Pepe unleashed breaks the mold.

The project has now raised over $52 million in pre-sales, cementing its place as one of the largest coin launches ever.

With just 17 days until the stock market listing and PEPU tokens available for $0.01295 each, everyone – from retail investors to industry professionals – is paying attention.

However, it’s not just the pre-sales numbers that set Pepe Unchained apart.

Pepe Unchained L2 preview!

What we are building is not just a new channel, but an entire ecosystem.

Pepe unleashed L2
Block Explorer
DEX
Bridge
Advanced analysis
Subsidies to builders

Pepe Unchained is coming. And this will shake up the crypto space. pic.twitter.com/ZVnvgO6MGF

– Pepe Unchained (@pepe_unchained) September 26, 2024

It’s also the team’s bold vision: bringing coin innovation back to Ethereum.

They aim to disrupt Solana’s hold on the coin space by developing a new Layer 2 network called Pepe Chain.

The goal is to enable fast and inexpensive exchange of coins while leveraging the security and liquidity of Ethereum.

An essential feature of this Layer 2 network is the Pump cushion.

This feature is designed to make creating meme pieces accessible to everyone and is inspired by Solana’s popular Pump.fun platform.

Several crypto experts have praised Pepe Unchained’s setup.

For example, ClayBro released a video yesterday in which he claimed that the PEPU token could “make millionaires” once released.

Obviously, hype is building around this new coin project.

And despite uncertainty in the broader crypto market, Pepe Unchained continues to go from strength to strength.

Visit the Pepe Unchained presale

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