Is Pepe Price Dead? Pepe Community ($PEPE) Shitcoin Pumps Instead, and These 2 Meme Coins Could Be Next
The price of Pepe ($PEPE) is down by a steep 21% this week as its market cap sinks beneath the $400 million level for the first time since early June 2023.
With the price falling so quickly, many wonder if the price of $PEPE is now dead.
Meanwhile, a new Pepe-clone dubbed Pepe Community pumped by a whopping 1000% over the weekend, and experts predict that Sonik Coin ($SONIK) and Wall Street Memes ($WSM) are the next in line.
What you'll learn 👉
Is $PEPE Dead? Down 21% This Week
The price of $PEPE is down by a steep 21% this week after news emerged that the developers behind the token had started to sell some of their tokens.
According to data from on-chain analysts, the team removed around 16 trillion $PEPE from multi-sig accounts and sent them to an exchange.
Following the transfer, the price of $PEPE started to crumble as the sell-off started.
The bearish sentiment caused $PEPE to crash beneath support at $0.00000105 as it tumbled as low as $0.0000008, where it met support at a .786 Fib Retracement;
The price has since recovered to $0.000000877, but the recent sell-off from the developers is quite concerning, which is why many traders believe that the price of $PEPE is starting to lose momentum.
Pepe-Clone Pepe Community Surges 1000% This Weekend Instead
At the same time, a new Pepe clone entered the market this weekend and surged by a whopping 1000%.
Dubbed Pepe Community, the $PEPE clone seeks to provide a fair community version of Pepe.
It seems that traders are intrigued by the new project as it managed to explode by over 1000% in a couple of days as traders rushed to get positioned;
The token is now trading at $0.014, with a $14 million market cap as it quickly starts to trend across the entire industry.
Could These Two Meme Coins Be Next To Pump?
As Pepe Community starts to skyrocket, experts suggest that traders are leaving heavyweight meme coins like Pepe and HarryPotterObamaSonic10Inu to invest in lesser-known projects capable of providing outsized returns.
In particular, Sonik Coin ($SONIK) and Wall Street Memes ($WSM) continue to be two projects that are gaining traction in the space as their presales rise while $PEPE, $BITCOIN, and $BTC fall.
Experts believe that these two projects are next in line to see 1000% returns in the coming days. Here’s why.
Sonik Coin Raises $600,000 In Just One Week as FOMO Kicks In
Sonik Coin ($SONIK) recently crossed the $600,000 milestone, showing the increasing level of FOMO within the newly emerging project.
Traders are rushing to the project as they believe it has the potential to provide a quick 10x return once it launches in the coming days.
Sonik Coin is a fun meme coin based on a stupid and moronic meme recreation of Sonic the Hedgehog, one of the world’s most beloved gaming characters.
The project stands apart from most Pepe clones in the space as it has the potential to go viral due to its alluring meme character.
Sonik Coin intends to tap into the Asian market, given that the character it’s based on is Japanese, and we can see lots of investment pouring in during Asian hours.
Traders are intrigued by the project because it has the potential to quickly become one of the fastest-growing meme coins in the sector to hit a $100 million market cap.
This is primarily due to its intuitive staking mechanism, dubbed Stake-2-Speed, and it’s expected to create a shortage of $SONIK tokens available for purchase on the open market once the token has launched.
This is because investors will lock their tokens into the Stake-2-Speed smart contract to earn additional $SONIK tokens for staking for at least seven days.
The Stake-2-Speed feature is unique because it allows investors to start earning an APY, even before the presale ends.
As a result, investors have already locked $SONIK in the contract, generating a solid 110% APY.
The tokenomics behind the project are also impressive, with 50% of the 300 billion $SONIK supply being sold in the presale.
Then, 40% is reserved to provide staking rewards for four years, and 10% is reserved for DEX liquidity to provide a smooth trading environment.
As a result, $SONIK is a purely community-driven meme coin, with no team allocation to drop the market price.
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Show more +The presale aims to raise a small $2.1 million market cap, meaning that inventors have already snapped up almost half of the tokens in just one week!
Overall, the hype is quickly building behind $SONIK. With such a small hard cap, the presale isn’t expected to last very long, so you’ll need to be quick to get positioned or face higher prices once $SONIK trends on platforms like DexTools later in September.
Wall Street Memes Continues to Attract Whale Attention
Another token that experts believe is next in line for more than a 10x return in the coming weeks is Wall Street Memes ($WSM).
This project has generated enormous hype and FOMO during its presale, making it one of the most sought-after tokens in the industry.
Wall Street Memes ($WSM) has already raised well over $25 million in its presale, making it one of the fastest-growing presale projects in 2023.
Whales are now rushing to the project as they experience the FOMO in the final stage of the presale.
For example, a whale recently invested $850,000 in one purchase to buy $WSM;
They’re rushing to the project as they’re intrigued by its internet culture, meme-based humor, and attention received from Elon Musk.
The project makes a mockery of the greedy capitalists on Wall Street through meme-based humor on social media.
The memes have become so popular that they generate over 40 million impressions on X, making it the platform’s go-to source for trading and finance-related memes.
The memes even attracted the attention of Elon Musk, who’s been commenting on them on multiple occasions;
🤣
— Elon Musk (@elonmusk) April 22, 2023
If Elon Musk is paying attention to your presale, you know big things are coming.
The project is now in the final stages of its presale before launching on a major tier-1 exchange in thirty days.
Analysts believe that the enormous cult-like community for Wall Street Memes, which has over 1.1 million followers on social media, puts $WSM in a guaranteed position for a tier-1 exchange listing;
Overall, Wall Street Memes ($WSM) has the entire eyes of the industry on the project, and many analysts expect at least 20x returns from this project.
However, with the presale in its final stages, you’ll need to hurry to get positioned or face the pain of paying higher prices once the token hits tier-1 exchanges like Binance or OKX.
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