Pepe Token, a recently launched meme cryptocurrency, has generated more social media mentions in the past 30 days than Bitcoin and Ethereum combined, according to data from LunarCrush. However, the increased social activity does not necessarily equate to fundamental value or market performance, and traders caution that resistance levels on the token's chart could present shorting opportunities. Market analyst Michaël van de Poppe suggests that every block of resistance could potentially be an area to short the market, and advises shorting the token until it reaches support levels at $0.00000147, $0.00000115, or even as low as $0.00000085. Despite its extraordinary growth, some experts believe that Pepe Token is a scam.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Pepe Token Generates More Social Mentions Than Bitcoin and Ethereum Combined, But Traders Caution Resistance Levels as Shorting Opportunities
-
Wechat scan to share
Recommended for you
-
Binance CEO: Bitcoin is expected to exceed $80,000 by the end of this year, and the crypto industry will be even better next year
On June 18th, CEO of Binance, Richard Teng, stated on Bankless' YouTube channel that he expects Bitcoin to surpass $80,000 by the end of this year. Teng added that he believes 2025 will be a better year for the entire cryptocurrency industry than 2024, as the overall macroeconomic situation will be better. He explained that we may see interest rate cuts later this year, which will lead to an increase in cryptocurrency prices in 2025. -
Citigroup raises year-end target for S&P 500 to 5,600
Citigroup strategist has raised the year-end target for the S&P 500 index from the previous 5,100 points to 5,600 points, becoming the third Wall Street company to raise its expectations for the benchmark index since last Friday, following Goldman Sachs and Evercore ISI. Strategist Scott Chronert wrote in a client report on Monday that continued profit upgrades and profit growth expanding to non-tech stocks prompted the target to be raised. The latest forecast implies a 2% increase from Monday's level. Citigroup raised its full-year earnings per share forecast from $245 to $250. -
South Korean court receives new evidence that Do Kwon intended to deceive investors with fake transactions
On June 17th, according to a report from Yonhap News Agency, there is evidence to suggest that Terraform Labs founder Do Kwon and Chai CEO Daniel Shin planned to deceive Terra investors from the beginning of Terraform Labs. Conversation records between Kwon and Shin show that Kwon told Shin he could generate fake transactions that looked real. In response, Shin said, "Let's experiment on a small scale first and see how it goes." These conversation records have been submitted as evidence to the court by the prosecutor's office in the country. -
Cointime June 16th News Express
1.37.5 million BLUR were unlocked and transferred to Coinbase Prime half an hour ago 2.The number of EIGEN tokens claimed exceeded 90 million, with nearly 190,000 addresses participating in the claim3.10 hours ago Amber Group deposited 1.2 million STRK to Binance4.Solana Sandwich Bot Arbitrages Over $30 Million in MEV in Two Months 5.US spot Bitcoin ETF still had a net inflow of 17,134 BTC in June 6.Ethereum whales bought more than 700,000 ETH in the past three weeks 7.Tether CEO: More than 300 million people around the world use USDT, and Tether is the main buyer of US Treasury bonds8.Catizen's total number of users exceeds 20 million, and it plans to donate 1% of its revenue to non-profit organizations9.Ethereum Foundation-associated addresses transferred 18,000 ETH to other addresses in the past hour10.Arthur Hayes deposited 3,000 ETH to ether.fi, equivalent to $10.66 million -
Cointime June 15th News Express
1. Chairman of the U.S. SEC: The economic substance of a product determines whether it is a security under the Securities Act -
CSOP: Bitcoin futures ETF asset size exceeds HK$1 billion
Li Yilin, Senior Vice President of Sales and Product Strategy at Southern Dongying Asset Management, revealed that the mainstream investment market's acceptance of virtual asset-related products is increasing. Currently, the asset size of Southern Dongying Bitcoin Futures ETF has exceeded HKD 1 billion. In addition, the market is eagerly anticipating the listing of spot Ethereum ETF in the United States, which may drive up the prices of virtual assets. Southern Dongying has seen a continuous inflow of funds into Southern Dongying Bitcoin Futures ETF and Southern Dongying Ethereum Futures ETF. -
10x Research: Crypto mining stocks may rise further, but it is recommended to invest in the bullish trend of Bitcoin
According to a report by 10x Research titled "The Escalating Bitcoin Mining War - How to Participate?", Bitfarms is believed to be the primary beneficiary of the ongoing consolidation in the Bitcoin mining industry. While stocks of cryptocurrency mining companies like Bitfarms may continue to rise, it is more favorable to invest in the potential bullish trend of Bitcoin. Despite MicroStrategy's announcement of a proposed private placement of $500 million in convertible senior notes to purchase more Bitcoin, the market reaction has been relatively calm compared to the fourth quarter of 2023 and the first quarter of 2024, when these news led to a significant increase in retail speculation and funding rates. -
Bitcoin L2 Stacks was down for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior
Bitcoin's L2 expansion network, Stacks, experienced downtime on Friday, stopping block production for nearly 9 hours. This event was caused by Bitcoin reorganization (reorg) and "unexpected miner behavior," causing STX prices to drop 12% that day. "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively to respond to Bitcoin reorg, causing block production delays and implying technical or operational issues among miners. Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade focuses on a new consensus mechanism aimed at eliminating the possibility of forks and reducing the impact of Bitcoin reorg. The Nakamoto upgrade was originally expected to be launched in late spring, but due to potential issues being too severe to be resolved in subsequent updates, it was postponed at the last minute and is now planned to be released in August. -
Bitcoin Miners and Exchange Reserves Drop 183,253 BTC Since January
Data shows that within the 158 days since the beginning of this year, the amount of Bitcoin held by exchanges and miners has decreased by 183,253 BTC, worth nearly $13 billion. These funds were withdrawn from the joint wallets of miners and exchanges, with approximately 90.95% of the Bitcoin withdrawals coming from cryptocurrency exchange reserves, and about 9.05% (16,578 BTC, worth $1.17 billion) being withdrawn from the collective addresses of current Bitcoin miners.
Daily Must-Read
-
OpenAI reportedly considering shift to for-profit as CEO stacks board
-
What are validiums, and how do they work?
-
Why is Bitcoin price down today?
-
Friend.tech's plan to develop own blockchain leaves users confused
-
Binance reaches 200M users with $100B in assets under custody
-
OpenAI launches official ChatGPT support for universities and nonprofits
All Comments