Pepe USD (PEPE) is experiencing a downturn as major investors, or "whales," are shifting their focus from established meme tokens like PEPE and Dogecoin to a new cryptocurrency on the Solana network. This emerging coin is capturing attention with promises of unprecedented returns, reportedly exceeding 15,000%. The shift in investment trends suggests a significant development in the crypto landscape, with investors seeking new opportunities amid market volatility.
The recent surge in interest for the new Solana-based coin, Catzilla, is partly fueled by Donald Trump's pro-crypto agenda, which has invigorated the meme coin market. Catzilla is positioning itself as a leader in this space, with a compelling roadmap and a strong community backing. This shift in focus has left PEPE struggling to maintain its position, as it faces increased competition from newer, more dynamic projects.
Pepe USD's price has fallen by 3.16% today, trading at $0.000017. The cryptocurrency reached a high of $0.000018 and a low of $0.000017 during the day.