The price of PEPE has dropped by over 45% since its peak in July, with investors selling off their holdings to invest in Dogecoin instead. This shift in investment has resulted in a decline in PEPE's network activity, with daily active addresses dropping by 61% in just two weeks. Additionally, PEPE's network growth has also declined, indicating a loss of market share to competitors in the memecoin world. If investors continue to sell off PEPE in favor of Dogecoin, the price of PEPE could drop even further.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
PEPE Investors Switching to Dogecoin: What's Driving the Trend?
-
Wechat scan to share
Recommended for you
-
The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera. -
In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million. -
Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million
According to DeFiLlama data, the current TVL of Ethereum liquidity re-staking protocol is 10.177 billion US dollars, of which the top five protocols ranked by TVL are: -
Bitget Wallet launches $10 million ecosystem fund and plans to issue BWB tokens this quarter
Bitget Wallet announced the launch of a $10 million ecosystem fund in collaboration with Onchain Layer. The ecosystem fund is denominated in Bitget Wallet's native token BWB, which is planned to be released this quarter. It is reported that BWB is the native token of the exchange's self-hosted wallet with the same name, similar to Trust Wallet's token (TWT). The new fund will accelerate the development of Bitget Onchain Layer and support project construction. -
Yesterday, Tether issued $110 million USDT and redeemed $23 million USDT
According to ChainArgos monitoring, on May 14th, Tether issued a total of 110 million USDT and redeemed 23 million USDT. -
US Bitcoin ETF holds nearly $60 billion worth of BTC
As monitored by HODL15Capital, the value of Bitcoin held by US Bitcoin ETFs is currently close to $60 billion. This week, a total of 2,667 Bitcoins were purchased. Grayscale GBTC is the only ETF with net outflows. -
Kaiko data: Bitcoin miners’ income has dropped sharply, and they may sell BTC to maintain operations
The latest data from cryptocurrency research and analysis company Kaiko shows that miners are facing huge selling pressure as Bitcoin mining revenue and transaction fees decline. Bitcoin miners' income mainly comes from two aspects: mining rewards and transaction fees. However, affected by the halving of Bitcoin rewards in April (block rewards dropped from 6.25 BTC to 3.125 BTC), miners have to sell Bitcoin to pay for costs. Kaiko researchers pointed out in the report that the halving event usually prompts miners to sell BTC because the mining process requires a lot of expenses. -
Brazil's trading volume reaches $6 billion in 4 months
According to Kaiko Research, the correlation between Bitcoin (BTC) and stocks is increasing. After reaching a multi-year low of 0.01 in March, the 90-day correlation rose to 0.17 last week. Based on the company's research report on May 13th, the 90-day correlation between Bitcoin and stocks rose to 0.17 in the week of May 5th, higher than the multi-year low of 0.01 in March. The correlation between BTC and risk assets is lower than the high of 0.6 during the bull market. -
Ethereum has about $48.05 million in on-chain loan liquidation quota around $2,778
According to Defi Llama data, there is approximately $48.05 million in on-chain liquidation volume for Ethereum around $2,778. -
Paribu wallet address transferred more than 4 trillion PEPE, worth about 31 million US dollars
According to Whale Alert monitoring, the Paribu wallet address transferred 4,049,371,347,309 PEPE tokens worth approximately $31,091,073 via the Ethereum blockchain at around 17:20 today, and all tokens were transferred to an address starting with "0xa23c".
Daily Must-Read
-
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
-
OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X
-
Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
-
What are tokenized commodities?
-
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
-
More than half of the Fortune 100 uses Apple’s Vision Pro headset
All Comments