Pepecoin, the OG green frog meme coin, has had a rough week.
$PEPE is down almost 21% over the past seven days, as the euphoria caused by Bitcoin’s rise above $100,000 fades slightly.
Meme coins, even more than most stablecoins, react to the mood of the market as a whole. $PEPE is no exception. As $BTC takes a breather, some investors take profitsand the price of $BTC settles just above $100,000, $PEPE is feeling the effects.
So much so that Pepe decided to spice things up with an OnlyFans account.
Will it work? Only time will tell. But in the meantime, there’s never been a better time to look at $PEPE alternatives – and Grandpa from Wall Street steps up to meet the challenge.
Here’s what we know about the current situation in the meme coin market and why $WEPE could supplant $PEPE as the green frog of choice.
$PEPE takes a step back
Over the past seven days, $PEPE has seen a slight decline. The market cap remains above $8 billion but has fallen 22% over the past week.
In short, the breakneck pace of $PEPE from November to early December has finally slowed down.
This is in line with broader trends in crypto. In light of the difficulties faced by the US stock markets and the announcement of another rate cut by the Fed, crypto markets are testing resistance levels and easing a little after the rally of the last few weeks.
It is worth noting that even the pullback in $PEPE remains a step forward overall.
As one of the largest meme coins by market capitalization, $PEPE suffers from normal crypto volatility while still having the liquidity to ride out the waves.
$WEPE is gaining momentum
While $PEPE is experiencing a lull, a new challenger is stepping into the spotlight.
Grandpa from Wall Streetcurrently in pre-sale, has already raised a whopping $31 million. And in a few weeks, $WEPE looks like it will become the next big green frog coin.
$WEPE offers a trading focused community where degen ideas and games can be shared. The token is an attempt to combine the impulsive momentum of meme coins with stock market analysis and insights.
In short, this green frog has $PEPE memes and Wall Street genes.
The $WEPE presale is happening in stages, with each stage offering tokens at a slightly higher price than the previous one. At the time of writing, $WEPE tokens are available for $0.0003649. But it won’t stay at this level for long, and once the coin starts trading on public exchanges, many more investors will come, which is known to drive the price up significantly.
WEPE and PEPE expected to launch in 2025
The broader crypto market continues to benefit from the favorable US political climate. News of a Bitcoin reserve may have taken a hit, but the Trump administration still appears ready to create a regulatory environment that is much friendlier than the previous government. And that means things are only getting better for frogs.
Of course, none of this is financial advice. Do your own research and make your own assessments on projects based on what you can find out about roadmaps, development teams, token allocations, etc.
But keep your eyes on the green frog dressed as a hedge fund manager.