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$PEPE $PEPE Coin, a memecoin launched in April 2023, quickly gained significant attention due to its association with the popular internet meme, Pepe the Frog. Recent Price Action: PEPE experienced a meteoric rise shortly after its launch, reaching an all-time high in early May 2023. However, it has since seen a substantial correction, along with much of the broader cryptocurrency market. Key Factors Influencing PEPE: Memecoin Volatility: As a memecoin, PEPE's price is heavily influenced by social media trends, community sentiment, and speculative trading rather than fundamental utility. This makes it highly volatile and susceptible to rapid pumps and dumps. Market Sentiment: The overall bearish sentiment in the crypto market has undoubtedly impacted PEPE. When major cryptocurrencies like Bitcoin and Ethereum are struggling, altcoins and memecoins often follow suit, experiencing even larger percentage losses. Lack of Utility: Unlike many other crypto projects, PEPE does not offer any unique technology, real-world use cases, or significant development roadmap. Its value is almost entirely derived from its meme status and community hype. Whale Activity: Like many smaller cap coins, PEPE's price can be significantly influenced by large holders (whales) who can buy or sell massive amounts, leading to considerable price swings.#PEPE #PEPE✈ #US-EUTradeAgreement
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#morpho $MORPHO Over 1/4 of all @coinbase cbBTC is put to work on Morpho$BTC
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#injective $INJ Eric's Full Interview at NYSE Injective CEO Eric Chen was featured at the New York Stock Exchange alongside the CEO of Blackstone today. Eric spoke about the growth of RWAs, the upcoming launch of the Injective EVM mainnet and rise of institutional capital onchain. Watch the full talk here
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