The frog took the hardest hit overnight. 🐸

The biggest coin is holding near $73,900, almost flat on the day. $BTC
The steady one is near $0.82, down only about 0.5%. $SUI
The frog fell about 15% to around $0.0000046 — yesterday morning it was up 5%. $PEPE

Money is quietly leaving the table: stablecoin supply shrank $14.2B in 30 days, the fastest drain since June 2022, and spot funds have lost about $1.6B since November began.

Lesson: when the fuel drains, memes fall first and fastest.

Is the frog's dip a discount, or a warning? 👇

#Crypto #MarketUpdate

Not financial advice — just my market notes.