Both Dogecoin ($DOGE) and Pepe ($PEPE) Were Down by Over 20% Last Month

Both Dogecoin ($DOGE) and Pepe ($PEPE) were down by over 20% last month amid the uncertainty in the crypto market.

Both Dogecoin (CRYPTO: DOGE) and Pepe (CRYPTO: PEPE) fell sharply last month, with their prices down more than 20%.

The total meme coin market cap also took a huge blow as it fell below $50 billion for the first time in months.

This shift is seeing “smart money” move away from established meme coins and into new projects offering great utility and much higher growth potential.

Why Smart Money Is Moving Away From Dogecoin And Pepe

DOGE is currently trading at around 64% lower than its December highs of $0.48, indicating decreasing interest from investors.

Analyst CrediBULL Crypto reports that Dogecoin has experienced a nearly 60% crash after encountering resistance at monthly supply levels, which they previously identified. They anticipate DOGE to decline further to the current range lows, followed by a rise to their green target zone.

Dogecoin critics have often stated that social media hype and celebrity endorsements tend to drive Dogecoin’s price up too quickly. Once these factors disappear or figures like Musk shift their focus elsewhere, the sell-off risk will be massive, at least in the short term.

Popular analyst Ali reported that Dogecoin sentiment has reached its most negative point in over a year. However, he noted that periods of extreme fear have historically preceded major price reversals.

He suggested that it could be a good idea to buy DOGE. But considering the meme coin’s high correlation with BTC, DOGE’s near-term outlook was still uncertain.

Pepe was also in the news today alongside other meme cryptos. According to data from IntoTheBlock, Pepe token mostly shows bearish indicators. About 59% of holders are estimated to be in loss at current prices, suggesting high selling pressure.

Data showed that whales currently hold 73% of the supply, making PEPE prone to high volatility.

It also shares a 77% correlation with BTC. With Bitcoin’s price still consolidating, PEPE has yet to break out of its immediate resistance. Overall, on-chain metrics like net network growth and large transactions are bearish.

This lack of interest has led to further sell pressure for PEPE, especially from smart money who are moving to BTC Bull Token which offers huge potential and is still smashing presale milestones despite the market downturn.

Investors Flock To BTC Bull Token As It Nears $4 Million In Presale

With early signs of a Bitcoin recovery already showing, whales are backing BTC Bull Token (BTCBULL). It’s a unique meme coin project that will offer actual BTC airdrops when Bitcoin reaches new ATHs. The project is already nearing the $4 million milestone in record time.

The token’s value proposition centers on two key mechanisms: Bitcoin airdrops triggered at price milestones (starting when BTC first reaches $150,000 and $200,000) and a progressive token burn scheduled to begin when Bitcoin hits $125,000. This dual approach aims to provide both passive income through BTC rewards and potential capital appreciation through supply reduction.

BTC Bull Token’s presale also comes as signals from the Federal Reserve point toward a potential pivot with interest rate cuts.

When BTC hits $250,000 for the first time, the BTC Bull Token platform will offer holders a BTCBULL token airdrop.

Right now, you can buy BTCBULL in presale for $0.00242. However, this price will move up soon once the next fundraising stage begins.

Token holders can also stake the BTCBULL tokens for up to 109% APY.

Visit BTC Bull Token Presale

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