Meme Coin Momentum Fades After Trump Inauguration but Wall Street Pepe ICO Continues to Pump

The meme coin hype is cooling after Donald Trump’s inauguration celebrations.

Over the previous 24 hours, massive names like DOGE, PEPE, and SHIB have taken a nosedive.

However whereas most meme cash are promoting off, one challenge continues to impress – Wall Road Pepe (WEPE).

Its ICO has handed $57 million in early contributions, setting the stage for a highly-anticipated alternate debut in simply over three weeks.

Meme Coin Market Sees Main Correction as Buying and selling Volumes Plummet

Almost each main meme coin is within the crimson proper now.

What began as minor profit-taking has snowballed right into a broader sell-off, dragging the meme coin sector’s market cap again to $102 billion.

In the meantime, buying and selling volumes have dropped by greater than 50% since yesterday.

Tokens that had been rallying earlier within the week at the moment are feeling the warmth.

SHIB is down 2%, DOGE has dropped 4%, and TRUMP coin – final weekend’s breakout star – has plunged 14%.

However the largest loser is AI16Z, down 25% up to now 24 hours.

The one actual standout was PENGU – managing to put up a small achieve.

This type of sample is nothing new within the meme coin house, the place sharp corrections usually comply with huge rallies.

Nonetheless, not everyone seems to be spooked by the value motion.

Effectively-known meme coin dealer Murad known as the sell-off an “alternative of a lifetime” for these prepared to abdomen the volatility.

Crypto Market Sells Off Whereas Bitcoin ETF Inflows Drop

The broader crypto market can be exhibiting some cracks.

Bitcoin has slipped to $101,800, Ethereum is all the way down to $3,200, and XRP has dropped to $3.

LINK took the most important hit among the many prime altcoins, falling 6% since yesterday.

Issues are clearly cooling off – and complete spot buying and selling volumes have slumped 16%, with open interest additionally dropping.

On the identical time, demand for the spot Bitcoin ETFs is fading barely.

Whole inflows dropped 69% yesterday to $248 million, and BlackRock’s IBIT fund was the one one to see significant beneficial properties.

GBTC led the way in which by way of outflows with $47 million.

Some analysts consider this can be a “promote the information” second, claiming Trump’s inauguration buzz was already priced into the market.

The optimism round this colossal occasion could have already run its course.

Nevertheless, issues change quick in crypto – so though the market is crimson right this moment, it might shortly flip inexperienced tomorrow.

Wall Road Pepe ICO Passes $57M Regardless of Market Downturn – Subsequent Large Meme Coin Alternative?

Wall Street Pepe’s ICO is defying all this bearishness.

The challenge has now raised over $57 million, and greater than $1 million is coming in each day – even because the broader market sells off.

With the ICO operating till February 16, Wall Road Pepe’s momentum doesn’t present indicators of stopping.

So, why all of the hype?

For starters, the challenge has positioned itself as an support for retail merchants, concentrating on the dominance of crypto whales within the meme coin house.

That strategy is hitting residence, as evidenced by Wall Road Pepe’s Telegram channel reaching 17,300 subscribers.

The challenge’s Twitter following has additionally exploded just lately.

Wall Road Pepe’s workforce will give WEPE holders entry to market insights, buying and selling instruments, and real-time indicators.

They’ll additionally host buying and selling competitions the place the winners obtain WEPE prizes.

And if that wasn’t sufficient, there’s even a built-in staking app for WEPE, providing greater yields than most crypto staking coins.

Large-name YouTubers have praised the challenge’s setup.

For instance, NASS CRYPTO launched a video about Wall Road Pepe final month, which has been considered over 86,000 occasions.

Provided that he has a couple of million YouTube subscribers, his endorsement has given the challenge a large enhance.

So, with 24 days left in its ICO, issues are trying optimistic for Wall Road Pepe.

Regardless of the continuing meme coin sell-off, WEPE appears to be holding up fairly nicely.

Visit Wall Street Pepe ICO

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