Price Analysis: Apecoin ($APE), Luna Classic ($LUNC), and Pepe ($PEPE) Coins Crashing While Newly Emerging Sonik Meme Coin Sees Momentum

Heavyweight tokens are starting to crash as the market shows signs of uncertainty, with traders leaving many altcoins.

Over the past 24 hours, large projects like Apecoin ($APE), Luna Classic ($LUNC), and Pepe ($PEPE) witnessed severe drops in prices.

$APE is down by 10%, losing ground above $2. Similarly, $LUNC crashed 10% to fall as low as $0.00007, and $PEPE fell 9% to reach $0.00000125.

Despite the market turmoil, investors are starting to turn their attention to newly emerging memecoins, capable of providing a quick 10-20x return for early adopters.

In particular, Sonik Coin ($SONIK) is seeing traction as traders position themselves early in the groundbreaking Stake-2-Speed ecosystem.