Dogecoin and Pepe prices drop, Pepe Unchained raises $40 million with nearing launch

Hey there! If you’ve been following the crypto scene, you might have noticed that Dogecoin and Pepe had a bit of a rough weekend. Both coins saw a dip in prices after a strong run-up last week.

Dogecoin, in particular, hit $0.427 before bouncing back slightly. Even though it faced a 16% drop on Sunday, trading activity remains robust, with daily spot volumes reaching $10.6 billion. Despite some liquidated long positions, analyst KrissPax remains optimistic, pointing to a potential upward trend in the coming days.

On the other hand, Pepe also took a hit, falling 10% over the weekend to $0.0000201. This decline erased several days of gains, with spot volumes dropping by 27%. It’s worth noting that other meme coins like SHIB, BONK, and WIF also saw losses during this time, except for PNUT, which managed to stay in positive territory.

While Dogecoin and Pepe faced setbacks, Pepe Unchained is gaining momentum in its presale phase, raising over $40 million ahead of its exchange debut. The project’s focus on utility, with plans for a new layer-2 blockchain network, has garnered attention and support from the community.

With an open market launch just weeks away, investors are keeping a close eye on Pepe Unchained’s progress. The team’s innovative approach to combining meme culture with technological advancements has sparked excitement and anticipation in the crypto space.

Despite the recent dips in established meme coins, the market sentiment remains positive, with many seeing this as a natural cooling-off period rather than a cause for concern.

So, while Dogecoin and Pepe may have faced some challenges recently, there’s still a lot of excitement and potential in the crypto world. Keep an eye on these coins as they continue to make waves in the market!