Traders Panic as Pepe 2.0 Meme Coin Price Crashes - Whales Selling?

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Pepe 2.0, once a popular meme coin, faced a sharp price drop after a successful run, causing traders to rush to sell. Pepe 2.0, launched two weeks ago, is built on the successful $PEPE coin, which has already generated substantial profits for early investors.

While Pepe 2.0 achieved initial success, some professionals doubt its ability to sustain momentum. The unique cryptocurrency project, based on the popular Pepe meme, has gained traction in the crypto market. The new token, $PEPE2.0, retains the Pepe the Frog meme but with a bright orange color for distinction.

This creative effort has garnered appreciation from crypto enthusiasts, particularly on Twitter, and has shown strong support for this meme coin clone, which is considered one of the most widely accepted meme coin replicas. See our guide to the best memecoins to buy here.

Pepe 2.0 faces a significant pullback

Following its initial launch, Pepe 2.0 witnessed a remarkable increase in value. However, in recent times, there has been a substantial downturn. The price of the Pepe 2.0 coin has plummeted significantly, falling below a certain threshold.

The substantial pullback in the price of Pepe 2.0 can be attributed to its inability to sustain the levels of trading volume. This memecoin is currently going through a significant sell-off, and its stock value has decreased by more than 50% within the past week.

The number of sellers far exceeds the number of purchasers by a significant margin. After the recent decline, the asset is currently going through a period of increased selling pressure. However, the most recent updates and advancements in Pepe 2.0 have successfully reestablished the community’s faith in this endeavor.

It was recently announced via Twitter, highlighting the importance of users reaching out to them directly for any inquiries. See our guide to the best low market cap crypto to buy here.

Please send us a direct message @Matt_Furie when you have the opportunity. #PEPE2 has arrived to rectify the situation and provide everyone with a second chance. We have been informed about your non-payment on $PEPE, and we are prepared to address and resolve this matter. pic.twitter.com/2TTWSaJbNp

— Pepe 2.0 #PEPE2 (@pepe2coineth) July 12, 2023

The tweet specifically encouraged users to send a direct message to @Matt_Furie to address their concerns. Additionally, Pepe 2.0 acknowledged the existence of outstanding payments from users related to Pepe and reassured the community that they are fully committed to resolving these payment issues promptly and efficiently.

On top of that, Pepe 2.0 has successfully obtained listings on prominent exchanges such as Bybit, Poloniex, KuCoin, and Gate.io. Additionally, it is anticipated that Pepe 2.0 will soon be listed on OKEX. These exchange listings signify the growing recognition and acceptance of Pepe 2.0 within the crypto community,

which led to it climbing to the number 1 to 2 spot on DEXTools as the top ‘hot pair’, and slightly increasing its price up to 9.57% in the last 24 hours. While Pepe 2.0 is currently observing a modest rise, it is crucial to assess the long-term viability and potential outlook of such investment opportunities.

Uncover altcoins that offer profitable investment opportunities

Presently, there are multiple tokens available for presale that present alternatives that are more secure and valuable than the 2.0 tokens. See our guide to the best crypto ICOs to invest in here.

Wall Street Memes ($WSM)

More than $14 million has been raised in the continuing presale of Wall Street Memes ($WSM), or “King of Memes” as it is known in the cryptocurrency world. It is riding on the coattails of the wildly popular Wall Street Bulls NFT collection, which sold out in under 30 minutes and generated a substantial profit for the local community in 2021.

Now, the $WSM coin has the backing of over a million people on multiple social media platforms, and Elon Musk tweeted out support for it. The Wall Street Memes token is currently offered in a presale at a price of $0.0316, with a subsequent increase to $0.0319. See our guide on how to buy $WSM token here.

This presents early investors with an exceptional opportunity to potentially profit upon its launch. To take part in the presale visit wallstmemes.com.

Thug Life ($THUG)

The presale period for the Thug Life token, which is widely considered to be one of the most profitable new meme coins, is almost at an end. Despite having only been available for a little over two weeks, it has already brought in more than $1.7 million in revenue. See our guide to the best altcoins to buy now here.

Those who are interested have the opportunity to purchase $THUG during this presale for the low price of $0.0007 using either $ETH or $USDT, with no restrictions on the minimum or maximum amount that can be invested. As a precaution against unfairness, there will be just one presale phase.

A significant portion of the total 4.20 billion $THUG coins, specifically 70%, is allocated for the presale. With only a few days remaining in the presale, the coin will soon be accessible on both decentralized exchanges (DEX) and centralized exchanges (CEX). To take part in the presale visit thuglifetoken.com.