Pepecoin, the OG green frog meme coin, had a rough week.
$PEPE is down nearly 21% over the past seven days as the euphoria of Bitcoin’s surge above $100K wears off slightly.
Meme coins, more even than most stable cryptos, react to the mood of the broader market. $PEPE is no exception. As $BTC takes a breather, some investors take profits, and $BTC’s price settles in just above $100k, $PEPE is feeling the pinch.
So much, in fact, that Pepe has decided to spice things up with an OnlyFans account.
Will it work? Only time will tell. But in the meantime, there’s never been a better time to look at $PEPE alternatives – and Wall Street Pepe is stepping in to take up the challenge.
Here’s what we know about the current state of affairs in the meme coin market, and why $WEPE could supplant $PEPE as the green frog of choice.
$PEPE Steps Back
Over the past seven days, $PEPE has seen a slight decline. The market cap remains north of $8B but has fallen 22% over the past week.
In short, $PEPE’s hot pace from November into early December has finally cooled.
That’s in keeping with broader crypto trends. In light of a rough stretch for the US stock markets and news of another Fed rate cut, crypto markets are testing resistance levels and relaxing a bit from the surge of the past few weeks.
It’s worth noting that even $PEPE’s step back is still a step forward overall.
As one of the biggest meme coins by market cap, $PEPE suffers from normal crypto volatility yet still boasts the liquidity necessary to ride out the waves.
$WEPE Hops Up
With $PEPE hitting a lull, a new challenger is hopping into the spotlight.
Wall Street Pepe, currently in presale, has raised a whopping $31M so far. And with weeks to go, $WEPE looks to become the next big green frog meme coin.
$WEPE offers a trading-focused community where insights and degen plays can be shared. The token is an attempt to bring together the impulsive momentum of meme coins with the analysis and insights of the stock market.
In short, this green frog has $PEPE’s memes and Wall Street genes.
$WEPE’s presale proceeds in stages, with each stage offering tokens at a slightly higher price than the one before. At the time of writing, $WEPE tokens are available for $0.0003649. But it won’t stay at that level for long, and, once the coin is trading on public exchanges, a lot more investors will be coming in, which is known to drive the price up considerably.
WEPE, PEPE Set To Surge Into 2025
The broader crypto market continues to benefit from the favorable US political climate. News of a Bitcoin reserve may have taken a blow, but the Trump administration still looks set to create a regulatory environment that’s far friendlier than the previous government. And that means things are still only looking up for the frogs.
None of this is financial advice, of course. Do your own research, and make your own evaluations on projects based on what you can find out about roadmaps, development teams, token allocations, and more.
But keep your eyes on the green frog dressed like a hedge fund manager.
