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02/06 05:56

PEPE Coin Mayhem: PEPE Liquidations Surpass $20M A

PEPE Coin Mayhem: PEPE Liquidations Surpass $20M Amid Bearish Trend

The recent price downturn in the crypto asset Pepe (PEPE) has led to significant turbulence in the market, with over $20 million in leveraged positions liquidated within two days.

Can the Pepe crypto price recover? Let’s check today’s Pepe coin news for more.

The frog-themed meme coin, which currently hovers around $0.000010, has suffered a steep 23% decline over the past week, triggering widespread losses among traders.

PEPE experienced an 11% drop on Sunday, briefly dipping to $0.000007 during Monday’s Asian session before recovering slightly. Despite this temporary rebound, bearish sentiment remains strong, with funding rates turning negative and on-chain indicators pointing to further downside risks.1738821288714.png


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