Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?
Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
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PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High
The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far,…