Could someone explain to me what happened there? It's my first time operating in the Binance wallet... The coin had only been on the market for a few hours, and it reached a volume of 3.85M%!!! Two hours ago I bought an amount and all of a sudden the coin went to 0 completely. I know that coins go to 0 when there are massive sales, but what seems strange to me is the speed at which it fell...
- $PEPE Bullish or bearish in the short term? Current price: 0.00000982 USD. With positive catalysts, there could be bullish momentum; without them, it could drop.
- $PEPE remains a volatile memecoin, driven by community sentiment and market news more than by utility fundamentals. If positive catalysts are maintained (greater liquidity, listings on more platforms, announcements of utilities or clear use cases, and a steady flow of community interest), there could be short-term upward pressure. Otherwise, a relaxation of enthusiasm or loss of liquidity could exert downward pressure and lead to quick corrections.