Pepe Struggles as Crypto Market Turns Bearish
The cryptocurrency market continues to face downward pressure, with global market capitalization dropping by 1.5% in the past 24 hours. Pepe (PEPE), the meme coin that kickstarted the latest wave of hype, has failed to break free from Bitcoin’s influence. As Bitcoin dropped more than 2%, Pepe followed, falling by over 5%.
The token, which once soared over 8,000% after launch, now faces declining momentum and weak retail participation. Despite listings on major exchanges like Binance, Kraken, and Gemini, Pepe’s price performance has stagnated. On-chain data from Santiment shows retail investors are showing little support, contrasting sharply with Dogecoin and Shiba Inu’s retail-driven rallies.
Technical indicators from TradingView point toward continued weakness, with the token underperforming key moving averages and receiving a “SELL” rating on the daily chart.
Copium Ignites Meme Coin Market with Explosive Launch
While Pepe struggles, new entrants are stealing the spotlight. Copium ($COPIUM) has surged over 1,100% within 24 hours of its launch on Uniswap, reaching a market capitalization of over $9 million.
The project embraces the meme culture of “coping” with market losses, turning shared frustration into humor and community engagement. With listings on LBank, MEXC, and Poloniex, along with influencer-backed promotions, Copium’s reach is rapidly expanding.
Several large purchases exceeding $20,000 have been recorded, suggesting growing whale interest. Dextools gives Copium a strong score of 72/99, reflecting healthy liquidity and investor sentiment.
AiDoge Raises Over $9.5 Million in Presale
Another rising star is AiDoge ($AI), which has raised more than $9.6 million in its presale. The project combines artificial intelligence with meme culture, offering a unique meme generation platform for users and crypto projects.
The $AI token, currently priced at $0.0000312, will launch at $0.0000336. Its presale accepts ETH and BNB, increasing the likelihood of future listings on major exchanges. The token’s smart contract will be audited by Certik, ensuring transparency and security.
AiDoge’s innovative approach includes staking rewards, governance participation, and a 50 billion token airdrop for presale participants. Users can earn rewards by generating referral links and helping expand the community.
The Meme Coin Market Evolves
Despite Pepe’s decline, investor enthusiasm for meme coins remains strong. New tokens like Copium and AiDoge are reinventing the space through humor, AI integration, and social engagement. As liquidity and attention shift toward new projects, the meme coin landscape continues to evolve, blending speculation with creativity in a uniquely crypto-driven phenomenon.
