2023

🔥 PEPE in Decline: Was it Really a "Fair Launch"?

The memecoin PEPE faces strong bearish pressure and loses its spot in the top 3. The decline coincides with key revelations about its launch in 2023.

📉 Fundamental Questions:
According to Bubblemaps, nearly 30% of the initial supply remained with a single entity, generating an early mass sell-off of ~$2M that hindered its growth. This contradicts the promise of a "fair launch" without advantages for insiders.

📊 Market Context:

DOGE is also falling (-5.6% daily).
BTC and ETH show weakness.
PEPE loses key support at $0.0000045.
RSI at 32 suggests possible further decline.
🔍 Alarming Data:

The top 100 wallets control ~70% of the supply.
Open interest falls 9.74% (to $33.6M).
TVL of the ecosystem: $37.29M.
⚠️ Conclusion: The combination of doubts about its initial distribution and a weak market keeps PEPE at risk. The levels to watch are $0.0000040 (critical support) and $0.0000050 (immediate resistance).
@Pepecoin
#PEPE #Memecoins #Cripto #Trading #analisis

$PEPE
{spot}(PEPEUSDT)