After an explosive run, the Pepe meme coin fell over 60% from its all-time highs (ATH) on May 5 at around $0.00000143.
Attention has shifted away from PEPE in recent weeks after its price skyrocketed after Binance announced it would be listed in its “Innovation Zone”.
According Lunar crushPepe’s social engagement dropped 31.5% last week.
Additionally, relative to its price, Social Engagement has continued to drop below its price since hitting its ATH on May 5.
Expect a drop in interest after a parabolic run like the one Pepe had, but will investors ever return their faith in the coin, or is it destined to drop even further?
A recent crypto trader technical analysis CryptoMichNL on Twitter reviewed Pepe’s recent price action and said “every block resistance is an opportunity to short.”
The final price target for Pepe, based on the analysis, was $0.00000085 – an additional sale of 40% from his current price.
However, Pepe has gained notoriety in the crypto space, with 290,000 Twitter followers, 116,000 holders, and a market capitalization of $600 million.
Therefore, we will likely see the price recover at some point – however, a newly launched meme coin could steal much of its glory in the days and weeks ahead.
Wall Street Memes launches with $100,000 raised in 24 hours
Wall Street Memes just launched its WSM token presale and has already raised over $100,000 in its first 24 hours since going live.
Another meme piece that could quickly gain popularity, Wall Street Memes is the token of the popular social media account that has over 500,000 followers across its channels and already has a lot of recognition in the community.
Previously, the developers brought the NFT Wall St Bulls collection to market, with this collection selling out in just 32 minutes when it launched in 2021.
The project remains healthy and has seen over 1,800 ETH in trading volume, or over $3.3 million based on current prices.
The hype is also quickly building around their Wall Street Bull Ordinals collection, which has a supply of just 420 mints, which can be grabbed via whitelisting on Discord and should be taken quickly.
The project already has a hyper-engaged community that has existed since the Wall Street Bets Reddit explosion, which rocked the financial world when GameStop exploded exponentially.
Wall Street Memes is a community coin with no private sale or team allocation – 50% of the 2 billion supply will be available to everyone during the presale, with the remaining tokens split between exchange liquidity (20%) and community rewards (30%) .
There’s also a $50,000 airdrop on the way to help promote the presale campaign.
WSM tokens are currently $0.025 in stage 1 of the presale and will reach $0.0337 in the final stage. However, analysts believe WSM could see at least 10x gains after his IEO.
Visit the Wall Street Memes Presale
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