$PEPE

$PEPE , DogWifHat Prices Drop as Traders Turn to Wall Street Pepe - Presale Surpasses $13 Million

Meme Coins Are Taking a Hit Across the Board

It’s not looking good for fan favorites like Pepe and DogWifHat, who have fallen significantly in the past 24 hours.

But not all meme coins are in the red today.

Newcomer Wall Street Pepe is bucking the trend – with its presale surpassing the $13 million mark, showing that investor interest is still alive and well.

PEPE & WIF Lead Meme Coin Sale as Trading Volumes Plummet

The momentum has shifted dramatically for meme coins, with PEPE and WIF taking big hits.

PEPE dropped to $0.000023, losing 6% in the past 24 hours and extending its losses to 16% after hitting an all-time high on Monday.

To make matters worse, spot trading volumes for PEPE have dropped 31%, suggesting that the hype around the coin may be fading.

WIF isn’t faring much better.

The coin has slid to $2.93, after a 7% drop since yesterday, falling below its 50-day exponential moving average (EMA).

WIF is now down 26% from Saturday’s local high, and technical indicators suggest that it could see more downside ahead.

However, it’s not just these two – all meme coins are feeling the pressure right now.

The total value of the sector has fallen below $120 billion as traders appear to be cashing in after the recent surges.

So, after weeks of explosive gains, the meme coin frenzy might be dying down for now.