Time to Sell Pepe as Price Dips 18%? New Meme Coin Presale Raises $1 Million

Pepe’s (PEPE) price has decreased roughly 18% over the past week amid a broader pullback in the meme coin space, with market sentiment souring as on-chain data signals rising sell pressure and profit-taking by crypto whales.

Meanwhile, Bitcoin (BTC) is still hovering close to the $105,000 level – but traders remain relatively bullish on the leading cryptocurrency due to steady institutional inflows.

As PEPE and other blue-chip meme coins take a temporary breather, most top investors are rotating their capital into utility-focused projects like Snorter Token (SNORT), a newcomer that has already raised over $1 million in its presale.

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Pepe Faces Bearish Breakdown as Whales Rotate Into New Meme Plays

After a meteoric rise in May, PEPE’s price has come under high bearish pressure this month. The frog token is down over 35% since last month’s high (including an 8% slide in the past 24 hours), as bulls battle to keep it above its critical support level of $0.000010.

PEPE recently fell below its 20-day exponential moving average (EMA), which indicates rising selling pressure in the near term.

A decisive daily close under the $0.000010 support level could trigger another drop, potentially targeting the next support at $0.0000091 (about 11% lower than the current price). Pepe’s momentum indicators are also flashing bearish warnings, with its RSI sinking toward oversold territory.

Looking ahead, the prominent trader Crypto Tony stated that he will keep his long exposure to PEPE while the token holds above the $0.000008 support. Should PEPE fall decisively beneath that level, its chart could show a bearish head-and-shoulders formation.

Even the latest on-chain data reinforces the bearish shift in PEPE’s near-term sentiment – including a large holder moving over 594 billion PEPE into a Binance exchange wallet on Monday, presumably to take profits.

Notably, the top 1% of PEPE holders (whale addresses) control 87% of the total token supply. If more of these whales decide to take profits now that the meme coin is showing signs of weakness, the current support around $0.000010 could soon break.

In the meantime, other whale investors are now reallocating their funds and profits into Snorter Token, an early-stage meme crypto that’s packed with utility.

Snorter Bot Sets New Standard for Meme Coin Trading on Solana

Despite PEPE’s slump, Snorter Bot (SNORT) has proven that meme coin mania is alive after raising over $1 million in just a couple of weeks. As a Solana-based trading bot that’s natively compatible with Telegram, Snorter delivers actual crypto trading utility rather than relying on hype alone.

Snorter operates entirely through a Telegram chat interface, allowing quick swaps and sniping of new tokens without needing web browsers or multiple apps. Snorter Bot will route swaps through custom Solana RPC infrastructure and finalize transactions in milliseconds, with built-in protection against front-running.

Users can set the bot to automatically buy new token launches, or even copy trades made by top wallets in real time, via simple Telegram commands.

Snorter Bot’s algorithm will scan token contracts for honeypots, blacklist functions, and other red flags. The bot’s beta tests have proven its effectiveness, as the scam-spotting protocol flagged around 85% of malicious tokens before any trades could be executed.

The bot charges a 1.5% fee per trade (similar to its rivals), but holding the native SNORT token lowers the fee to just 0.85% – the lowest option among major Solana and Ethereum bots.

This robust feature set gives Snorter Bot a serious technological edge in the meme coin trading arena. By running on Solana, the bot will benefit from ultra-low transaction costs and high throughput – allowing users to hunt meme coins without the slow speeds and high gas fees that are particularly common among Ethereum-based tools.

Notably, Snorter Bot’s developers have a multichain roadmap. The bot will be launched on Solana first, but support for Ethereum, BNB Chain, Polygon, and Base is already in the works.

Could Snorter Be the Next PEPE? Final Chance to Buy SNORT at $0.0955

With PEPE’s near-term future still uncertain, many meme coin enthusiasts are eyeing Snorter Token as the next big opportunity.

Given the strong presale demand for SNORT, and Snorter Bot’s unique value proposition, some market commentators have already speculated that SNORT could potentially 10x once it lists on exchanges.

In the current presale round, you can still buy SNORT tokens for just $0.0955. The project also offers a staking program, where presale participants can lock up their tokens for up to 287% APY.

Visit Snorter Token Presale

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Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.