PEPE, FLOKI, BONK Dip as Market Shifts to Neutral

The cryptocurrency market has recently experienced ups and downs, with leading digital currencies showing signs of volatility. Bitcoin, the front-runner in the crypto world, has seen a notable decline. This shift comes as the initial excitement surrounding exchange-traded funds (ETFs) tracking Bitcoin wanes. Meanwhile, the Crypto Fear and Greed Index, a measure of market sentiment, has retreated to a “neutral” position, reflecting a growing wariness among investors, according to CoinStats.

Meme Coins PEPE, FLOKI and BONK Follow Trend

Meme coins were not left behind, as Pepe and Floki have also encountered their share of market fluctuations. Pepe, the frog-themed cryptocurrency, has declined to $0.000001226, marking a 1.65% dip over the last 24 hours. In addition, PEPE’s market capitalization and 24-hour trading volume dipped by 1.76% to $515,721,829.

PEPE/USD 24-hour price chart (source: CoinStats)

Floki, on the other hand, remains a popular choice for staking, with over $2 trillion worth of Floki tokens deposited in its staking program. Despite this interest, Floki’s price has decreased by 19% over the past month. Moreover, in the last 24 hours, bearish pressure has outweighed the bull rally, with resistance at $0.00003136 proving too stiff to breach. At press time, FLOKI exchanged hands at $0.00003051, a 1.19% decline from the intra-day high.

FLOKI/USD 24-hour price chart (source: CoinStats)

Amid these market movements, Solana’s meme coin BONK has introduced the ‘PooperScooper’ feature. This innovation aims to simplify asset management within its ecosystem, allowing users to manage and convert their digital assets efficiently. The community has warmly received this feature, highlighting the demand for user-friendly tools in the cryptocurrency sector.

BONK/USD 24-hour price chart (source: CoinStats)

Despite this development, BONK’s price has seen a 5.47% decline in the last 24 hours, trading at $0.00001392 at press time. Concurrently, during the bear rally, BONK’s market capitalization and 24-hour trading volume dipped by 5.26% and 33.53% to $883,740,504 and $192,455,818, respectively.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source