#PEPE‏ PEPE falls sharply, ? Will there be chances of a rebound ?

The price of Pepe experienced a sharp decline on July 25, when it was quoted at around $0.00001186, with daily losses of 7.8%, weekly losses of 10.8%, and with monthly gains of 22.6%.

? What is causing this fall of PEPE? This drop is driven by a pullback in the crypto market, especially due to the decline of Bitcoin to $115,000, which is interpreted as a bearish signal, and on the other hand, the memecoin market recorded a decline of 7.6% during the day.

The main cause of this bearish pressure is a massive liquidation of Bitcoin by Galaxy Digital, which transferred nearly 30,000 BTC to the major exchanges, worth $3.5 billion.

Despite all this pullback, there are positive signals for PEPE, because Binance removed the seed label (seed token) for Pepe and Bonk, recognizing them as consolidated crypto assets. It is important to note some data such as the interest placed in the future of Pepe, which reached a new record, rising from $748 million on June 17 to $1,020 million on July 24. During July, wallets holding between 100,000 and 100 million Pepe tokens accumulated over 42.16 billion new units! We will continue to wait for the rebound of #pepe , which should be soon,!

Let’s hope so because I’m in on that.🚀