PEPEcoin Chaos: PEPE Liquidates Over $20M Amid Bea
PEPEcoin Chaos: PEPE Liquidates Over $20M Amid Bearish Trend
The recent drop in the price of the crypto asset Pepe (PEPE) has caused significant market volatility, with over $20 million in leveraged positions being liquidated in two days.
Can the price of the Pepe cryptocurrency recover? Let’s take a look at today’s Pepecoin news to find out more.
The frog-themed meme coin is currently hovering around $0.000010, having plunged 23% over the past week, causing huge losses for traders.
PEPE fell 11% on Sunday and briefly dropped to $0.000007 during the Asian session on Monday before recovering slightly. Despite the temporary rebound, bearish sentiment remains strong, with funding rates turning negative and blockchain indicators pointing to further downside risks.
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