PEPE Declines 26% in a Week, But Two Pepe Alternatives Gaining Traction

Last week, the Trump administration's tariff policy fueled concerns of a potential trade war. Risk assets, from major stocks to cryptocurrencies

Bitcoin and other major cryptocurrencies faced selling pressure this week as the Trump administration's tariff policy sparked concerns of a potential trade war.

Bitcoin struggled to reclaim the psychological $100K mark after slipping below it last week. The world's largest cryptocurrency dropped to a low of $96,860 on Binance.

Meanwhile, Pepe Coin ($PEPE) declined around 26% in the past week and nearly 50% over the last month. Its price fell to a low of $0.001026.

As expected, meme coins took an even harder hit. Their combined market value fell to $75 billion, and the top 10 meme coins plunged over 20% in just a few days.

However, data suggests that many traders are taking profits and shifting into newer meme coin picks that continue to surge, even as the broader market wobbled.

Two standout examples are Wall Street Pepe and MIND of Pepe, which continue to record new milestones in their presales despite the market downturn. Both projects are designed to help smaller traders navigate the volatile crypto space.

PEPE Declines 26% in a Week

According to data from CoinGlass, in the past day alone, around $2.26 million worth of positions were liquidated, including $1.56 million from longs. This shows how many bullish traders have been “rekt,” or wiped out, due to PEPE's sharp downturn.

As PEPE slid lower, its “long/short ratio” was below 1, suggesting a slight bearish sentiment persists. Many analysts are now considering the possibility of a short-lived relief rally if PEPE stabilizes and liquidations slow, but the coin's current momentum remains unfavorable.

According to user @CryptoJobs on X (formerly Twitter), a popular technical analyst, buyers are “pretty weak nowadays.”

They mentioned how PEPE is now testing potentially significant support levels. If it holds these supports, a bullish retest may be in store. Otherwise, PEPE could slide to lower support ranges around $0.000950, $0.000940, or even below $0.000870.

Moreover, PEPE's RSI hovered around the 30-mark to show a strong oversold reading. Historically, a reversal from this level has been likely.

In short, PEPE’s slump isn’t permanent. But for now, it's enough to convince many traders to hunt for newer alternatives.

PEPE Alternatives Gaining Traction

“Smart money” is rotating capital away from PEPE into meme coins that offer higher upside potential. Despite the crypto market's downturn, these two Pepe alternatives are among the top performers.

Wall Street Pepe

One of the hottest meme coin presales of 2023, Wall Street Pepe ($WEPE) has raised over $71 million in just over two months. Unlike most frog-themed tokens that rely solely on hype, WEPE empowers retail investors with the latest market insights to outmaneuver crypto whales.

The project's “WEPE Army” offers real-time signals, tips, and discussions so smaller traders can potentially keep up with whales and avoid typical meme coin pitfalls. WEPE token holders get exclusive access to these insights.

With just 9 days left, WEPE is still available at $0.0003665. But given the current daily inflow, it might sell out even faster.

If market conditions stabilize, WEPE tokens could attract even more attention from investors looking to diversify in the meme coin space.

Wall Street Pepe also features a staking portal with an APY of 18%. The project has allocated 12% of its total token supply to staking rewards to encourage long-term holding.

MIND of Pepe

Another popular meme coin that many traders are eagerly watching is MIND of Pepe ($MIND). It's a brand-new meme coin that uses an AI agent to scan social media, on-chain data, and various influencer discussions.

The goal? To spotlight upcoming tokens and trending narratives before they become mainstream hype trains. By tapping into real-time trends via X and Telegram feeds, the MIND of Pepe AI identifies potential crypto gems early.

MIND holders gain access to these curated data alerts and presale tips. The token's presale has already raised $5.3 million.

Buyers still have a chance to grab MIND for $0.0032792 before the price increases in the next presale round.

MIND of Pepe's AI is designed to learn from social interactions. It can even engage autonomously on its own X account to analyze real-time discussions. Over time, the team envisions the AI launching its own meme coins, giving MIND holders priority access.

The presale currently offers a staking program with up to 4