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Despite market stability, Pepe and Bonk struggle while WienerAI gains momentum, raising $5.5 million.
Pepe and Bonk have struggled today despite the broader crypto market stabilizing. Currently, Pepe is down 3%, while Bonk is down 6%. However, other projects continue to show impressive growth, with the new AI-memecoin hybrid WienerAI gaining pace as its total raise hits $5.5 million.
Pepe and Bonk struggle as memecoins slide
Meme coins have endured relentless selling pressure today in a continuation of this week’s bearish momentum. And after a strong month, Pepe’s price has shown significant cracks, down 3.3% today and 14% this week.
Pepe is currently trading at $0.0000126 with a $5.2 billion market cap and a $1.2 billion 24-hour trading volume. Analysts are overlooking its recent selloff and anticipate a continuation of its higher-time-frame uptrend.
Prominent commentator Vegeta notes that Pepe is currently trading within a consolidation zone but alludes that a breakout is coming. According to the analyst’s chart, the next bullish wave could propel Pepe by almost 50%.
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